Gold Prices Scale Fresh High Near ₹16,500 on January 28: Latest 24K, 22K and 18K Rates Across India

Gold prices in India strengthened further in the second half of January, decisively breaking out of the brief consolidation phase and scaling fresh record highs. After easing to ₹15,431 per gram on January 22, the 24K benchmark rebounded to ₹15,715 on January 23 and gathered strong momentum in the final week, rising to ₹16,026 on January 25 and ₹16,195 on January 27. The rally extended on January 28, with prices climbing to a new peak of ₹16,517 per gram, confirming a clear upside breakout.

Prices are now comfortably above mid-January levels and well beyond the earlier base near the ₹15,400–₹15,500 zone, underscoring robust follow-through buying and elevated volatility. The swift move from around ₹15,400 on January 22 to above ₹16,500 within a few sessions highlights strong bullish momentum in the domestic gold market.

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Gold Prices Today in India January 28, 2026

As of 11:30 AM on January 28, gold rate today across major Indian cities declines compared to the previous session. Below are the latest per-gram prices for 24K, 22K, and 18K gold across key regions:

• Gold Price Today in Mumbai: 24K at ₹16,517, 22K at ₹15,140, 18K at ₹12,388.
• Gold Price Today in Chennai: 24K at ₹16,734, 22K at ₹15,330, 18K at ₹12,785.
• Gold Price Today in Bangalore:24K at ₹16,517, 22K at ₹15,140, 18K at ₹12,388.
• Gold Price Today in Hyderabad: 24K at ₹16,517, 22K at ₹15,140, 18K at ₹12,388.
• Gold Price Today in Kerala: 24K at ₹16,517, 22K at ₹15,140, 18K at ₹12,388.
• Gold Price Today in Delhi: 24K at ₹16,530, 22K at ₹15,155, 18K at ₹12,403.

Recent Gold Price Movements in India

Here’s a snapshot of how gold prices have moved over the past few days:

• January 28th: 24K at ₹16,517, 22K at ₹15,140, 18K at ₹12,388.
• January 27th: 24K at ₹16,195, 22K at ₹14,845, 18K at ₹12,146.
• January 25th: 24K at ₹16,026, 22K at ₹14,690, 18K at ₹12,019.
• January 23rd: 24K at ₹15,715, 22K at ₹14,405, 18K at ₹11,786.
• January 22nd: 24K at ₹15,431, 22K at ₹14,145, 18K at ₹11,573.

Gold prices in India extended their rally in late January, breaking out of the mid-month consolidation and pushing to fresh highs. The 24K benchmark, after easing to ₹15,431 on January 22, rebounded to ₹15,715 on January 23 and strengthened further in the final week, rising to ₹16,026 on January 25. The uptrend accelerated thereafter, with prices climbing to ₹16,195 on January 27 and touching a new peak of ₹16,517 on January 28. Prices are now decisively above earlier January levels, confirming a strong upside breakout.

Lower purities mirrored the move. 22K gold rose from ₹14,145 on January 22 to ₹14,405 on January 23, advanced to ₹14,690 on January 25, and then pushed higher to ₹14,845 on January 27 before scaling ₹15,140 on January 28. Similarly, 18K climbed from ₹11,573 on January 22 to ₹11,786 on January 23, moved up to ₹12,019 on January 25, and extended gains to ₹12,146 on January 27 and ₹12,388 on January 28. The consistent sequence of higher highs across all purities underscores a firmly bullish near-term bias, supported by strong momentum despite elevated volatility.

Gold Market Outlook

Gold prices in India extended their rally into late January and pushed to fresh record highs, with the 24K benchmark rising from ₹15,431 on January 22 to ₹15,715 on January 23, ₹16,026 on January 25, ₹16,195 on January 27 and further to ₹16,517 on January 28. The steady sequence of higher highs points to sustained buying interest and a firm upward trend.

Lower purities mirrored this strength. 22K gold advanced from ₹14,145 on January 22 to ₹14,405 on January 23, climbed to ₹14,690 on January 25, moved up to ₹14,845 on January 27 and reached ₹15,140 on January 28. Similarly, 18K rose from ₹11,573 to ₹11,786, then to ₹12,019, ₹12,146 and finally ₹12,388 over the same period.

City-wise, Chennai continued to command a premium, with 24K at around ₹16,734 per gram, compared with ₹16,517 in Mumbai, Bangalore, Hyderabad and Kerala, and about ₹16,530 in Delhi. For 22K, Chennai is quoting near ₹15,330, while most other metros are clustered around ₹15,140–₹15,155. In 18K, Chennai is again higher at about ₹12,785, versus ₹12,388–₹12,403 in other major cities.

Conclusion

As of January 28, gold in India is trading at fresh all-time highs, with 24K around ₹16,500–₹16,734 per gram, 22K near ₹15,140–₹15,330, and 18K close to ₹12,388–₹12,785 across major cities. The sharp rise from the ₹15,400 zone earlier in the week to above ₹16,500 underscores the strength of the ongoing uptrend. Broad-based firmness across all purities and key markets, led by a premium in Chennai and steady prices in Delhi and other metros, indicates that the domestic gold market retains a strong bullish bias despite heightened short-term volatility.