Gold has always held a special place in Indian culture and investment portfolios. As one of the most trusted stores of value, tracking gold prices remains essential for investors, consumers, and jewelry enthusiasts alike. This April 28, 2025, gold prices continue to reflect both global economic trends and local market dynamics across major Indian cities. Whether you’re planning a purchase for an upcoming wedding season, looking to invest, or simply curious about the precious metal’s performance, this comprehensive guide provides the latest rates and insights to help you make informed decisions.
Global Factors Influencing Gold Prices Today
Before examining city-specific rates, it’s important to understand the broader factors driving gold price movements. Several key developments in the global economy have influenced the precious metal’s valuation this week:
- U.S. Federal Reserve Policies: Recent statements suggesting a continuation of moderate interest rates have supported gold prices, as lower rates typically boost non-yielding assets like gold.
- Geopolitical Tensions: Ongoing conflicts in specific regions have increased safe-haven demand, pushing prices upward as investors seek stability.
- Dollar Strength: The U.S. dollar’s performance against a basket of major currencies has shown moderate weakening, making dollar-denominated gold more attractive to holders of other currencies.
- Inflation Concerns: Recent economic data indicating persistent inflation in major economies has reinforced gold’s appeal as a hedge against currency devaluation.
- Central Bank Purchasing: Several central banks, particularly from emerging economies, have continued building their gold reserves, providing underlying support for prices.
The interplay of these factors has created a generally supportive environment for gold, with prices maintaining their upward trajectory despite occasional corrections.
Current Gold Rates Across Major Indian Cities
Gold prices in India reflect not only international rates but also include import duties, taxes, and dealer margins, creating regional variations. The following tables provide a comprehensive breakdown of current gold prices across major metropolitan centers as of April 28, 2025:
24 Karat Gold Prices (99.9% Purity)
| City | Price per 10 grams | Daily Change | Weekly Change | Monthly Change |
|---|---|---|---|---|
| Mumbai | ₹77,420 | ↑ ₹320 | ↑ ₹1,250 | ↑ ₹3,680 |
| Delhi | ₹77,580 | ↑ ₹340 | ↑ ₹1,180 | ↑ ₹3,540 |
| Bengaluru | ₹77,380 | ↑ ₹310 | ↑ ₹1,210 | ↑ ₹3,620 |
| Chennai | ₹77,850 | ↑ ₹350 | ↑ ₹1,300 | ↑ ₹3,750 |
| Hyderabad | ₹77,420 | ↑ ₹320 | ↑ ₹1,230 | ↑ ₹3,680 |
| Kolkata | ₹77,680 | ↑ ₹340 | ↑ ₹1,270 | ↑ ₹3,710 |
| Ahmedabad | ₹77,320 | ↑ ₹310 | ↑ ₹1,190 | ₹3,620 |
| Lucknow | ₹77,580 | ↑ ₹340 | ↑ ₹1,240 | ↑ ₹3,680 |
| Jaipur | ₹77,620 | ↑ ₹350 | ↑ ₹1,280 | ↑ ₹3,710 |
| Chandigarh | ₹77,480 | ↑ ₹330 | ↑ ₹1,230 | ↑ ₹3,650 |
22 Karat Gold Prices (91.6% Purity)
| City | Price per 10 grams | Daily Change | Weekly Change | Monthly Change |
|---|---|---|---|---|
| Mumbai | ₹70,950 | ↑ ₹290 | ↑ ₹1,150 | ↑ ₹3,380 |
| Delhi | ₹71,090 | ↑ ₹310 | ↑ ₹1,080 | ↑ ₹3,240 |
| Bengaluru | ₹70,900 | ↑ ₹280 | ↑ ₹1,110 | ↑ ₹3,320 |
| Chennai | ₹71,360 | ↑ ₹320 | ↑ ₹1,190 | ↑ ₹3,440 |
| Hyderabad | ₹70,950 | ↑ ₹290 | ↑ ₹1,130 | ↑ ₹3,380 |
| Kolkata | ₹71,190 | ↑ ₹310 | ↑ ₹1,160 | ↑ ₹3,400 |
| Ahmedabad | ₹70,850 | ↑ ₹280 | ↑ ₹1,090 | ₹3,320 |
| Lucknow | ₹71,090 | ↑ ₹310 | ↑ ₹1,140 | ↑ ₹3,380 |
| Jaipur | ₹71,130 | ↑ ₹320 | ↑ ₹1,170 | ↑ ₹3,410 |
| Chandigarh | ₹71,010 | ↑ ₹300 | ↑ ₹1,130 | ↑ ₹3,350 |
Gold Rates Based on Weight Categories
For consumers planning purchases of specific quantities, the following table provides current prices across popular weight categories in major cities:
| Weight | Mumbai | Delhi | Bengaluru | Chennai | Hyderabad | Kolkata |
|---|---|---|---|---|---|---|
| 1 gram (24K) | ₹7,742 | ₹7,758 | ₹7,738 | ₹7,785 | ₹7,742 | ₹7,768 |
| 8 grams (24K) | ₹61,936 | ₹62,064 | ₹61,904 | ₹62,280 | ₹61,936 | ₹62,144 |
| 10 grams (24K) | ₹77,420 | ₹77,580 | ₹77,380 | ₹77,850 | ₹77,420 | ₹77,680 |
| 100 grams (24K) | ₹7,74,200 | ₹7,75,800 | ₹7,73,800 | ₹7,78,500 | ₹7,74,200 | ₹7,76,800 |
| 1 gram (22K) | ₹7,095 | ₹7,109 | ₹7,090 | ₹7,136 | ₹7,095 | ₹7,119 |
| 8 grams (22K) | ₹56,760 | ₹56,872 | ₹56,720 | ₹57,088 | ₹56,760 | ₹56,952 |
| 10 grams (22K) | ₹70,950 | ₹71,090 | ₹70,900 | ₹71,360 | ₹70,950 | ₹71,190 |
| 100 grams (22K) | ₹7,09,500 | ₹7,10,900 | ₹7,09,000 | ₹7,13,600 | ₹7,09,500 | ₹7,11,900 |
City-Specific Gold Market Insights
Each major market has its own unique characteristics and factors influencing local gold prices:
Mumbai
As India’s financial capital and home to the Zaveri Bazaar, one of Asia’s largest gold markets, Mumbai often sets the tone for gold pricing nationwide. Current demand remains robust, driven by the upcoming wedding season and investor interest in gold as a safe haven amid market volatility. Local premiums have moderated slightly compared to last month, making it a relatively favorable time for purchases in the city.
Delhi
The national capital’s gold market has seen increased footfall at prominent markets like Karol Bagh and Chandni Chowk. Jewelers report stronger demand for lightweight, everyday jewelry alongside traditional wedding pieces. Price-sensitive consumers are increasingly opting for exchange programs, trading old jewelry for new designs with minimal additional costs.
Bengaluru
Bengaluru’s gold market has witnessed steady demand from the city’s technology sector professionals who view gold as a portfolio diversification strategy. Digital gold platforms have gained particular traction among younger buyers in this tech-savvy city, though traditional retail purchases continue to dominate during festive and wedding seasons.
Chennai
Chennai maintains its reputation for having some of the highest gold prices nationwide due to strong local demand and the traditional preference for higher purity gold. The city’s jewelers report particular interest in temple jewelry and traditional designs, with many consumers accelerating purchases amid expectations of further price increases.
Hyderabad
Hyderabad’s gold market has experienced balanced demand across investment products and jewelry. The city’s prices typically align closely with Mumbai rates due to supply chain connections. Local jewelers note increasing consumer preference for hallmarked jewelry following stricter implementation of quality standards.
Kolkata
Known for its distinctive jewelry designs, Kolkata’s gold market continues to see strong patronage despite rising prices. The approaching Bengali wedding season has contributed to sustained demand, with consumers showing particular interest in lightweight, contemporary designs that use gold more efficiently while maintaining traditional aesthetics.
Gold Import Duty Structure
The current pricing structure incorporates several taxes and duties that influence the final consumer price:
| Component | Current Rate | Impact on Final Price |
|---|---|---|
| Base Gold Rate | International Rate | Approximately 85-87% of final consumer price |
| Import Duty | 10.75% | Major component of price difference from international rates |
| IGST | 3% | Applied on the value including import duty |
| Making Charges | 8-20% | Varies by design complexity and jeweler |
| Hallmarking Fee | Fixed rate | Minimal impact on overall pricing |
Investment Options Beyond Physical Gold
For those interested in gold exposure without physical possession, several alternatives are available:
| Investment Type | Key Features | Current Indicative Rates |
|---|---|---|
| Gold ETFs | Exchange-traded, no storage concerns | ₹7,780-7,820 per gram equivalent |
| Sovereign Gold Bonds | Government backing, 2.5% annual interest | Latest issue price: ₹7,741 per gram |
| Digital Gold | Flexible amounts, secure storage | ₹7,750-7,790 per gram |
| Gold Mutual Funds | Professional management, diversification | NAVs vary by fund house |
Price Outlook and Expert Opinions
Market analysts provide mixed perspectives on gold’s short-term trajectory:
“With persistent inflation concerns and geopolitical uncertainties, gold may test the ₹80,000 per 10 grams level in the coming months,” suggests Rajesh Khanna, a senior commodities analyst at a leading financial services firm.
Meanwhile, technical analysts point to potential resistance levels around ₹78,500, which could prompt short-term corrections before resuming the upward trend.
Most experts agree that structural factors remain supportive for gold prices in the medium to long term, with global central bank purchasing and inflation hedging likely to provide underlying support despite potential volatility.
Considerations for Gold Buyers
For consumers planning gold purchases in the current price environment, several factors warrant consideration:
- Purity Verification: Always insist on BIS hallmarked jewelry to ensure you receive the purity you’re paying for.
- Making Charges: Negotiate making charges, which can vary significantly between jewelers and significantly impact the overall cost.
- Exchange Programs: Many jewelers offer favorable terms for exchanging old gold for new designs, potentially reducing the effective cost of acquisition.
- Timing Considerations: While timing the market perfectly is challenging, planned purchases might benefit from watching for short-term price corrections.
- Investment Alternatives: For purely investment-focused purchases, consider alternatives like Sovereign Gold Bonds that offer additional interest income and eliminate storage concerns.
Whether for cultural significance, upcoming celebrations, or investment purposes, understanding current gold prices and market dynamics helps consumers make informed decisions in a market characterized by both opportunity and complexity.
FAQs About Gold Prices
What factors are primarily driving gold prices higher in April 2025?
Persistent inflation concerns, geopolitical tensions, central bank buying, and moderate interest rate policies are collectively supporting gold’s upward price trajectory.
Why do gold prices vary between different cities in India?
Local factors including state taxes, transportation costs, regional demand patterns, and jeweler association policies create price variations between cities.
How often do gold prices change during a typical trading day?
Gold prices can fluctuate multiple times daily, with jewelers typically updating rates 2-3 times on volatile days or maintaining stable rates on calmer trading sessions.
What’s the difference between 24K and 22K gold beyond purity levels?
24K gold (99.9% pure) is softer and typically used for investment products, while 22K gold (91.6% pure) contains alloys making it more durable and suitable for everyday jewelry.
Suneel Yadav is a passionate writer known for captivating stories that blend imagination and reality. Inspired by travel, history, and everyday moments, Pari crafts narratives that resonate deeply with readers.