Gold Rate Today (28 Feb 2026): IBJA Benchmark Out, Retail Prices At Tanishq, Malabar, Joyalukkas, Kalyan

Gold prices on Saturday, February 28, 2026, are showing a steady undertone in domestic markets, even as global cues remain cautious. Traders on the futures platform are watching international movements closely, while retail buyers are seeing minor adjustments in benchmark bullion rates. With the wedding season continuing in several parts of the country, jewellers have updated their daily retail tags in line with the latest bullion benchmarks.

MCX Gold Trades In A Narrow Range

On the Multi Commodity Exchange, gold futures for the April contract were hovering around ₹1,56,120 per 10 grams in early trade on February 28, slightly higher than the previous close of ₹1,55,980. The marginal uptick reflects stable global prices and a relatively steady rupee.

Market participants said volumes remain moderate as investors wait for fresh global triggers, including US economic data and currency movements. Silver futures, meanwhile, were trading near ₹2,87,400 per kg, showing limited volatility compared to the previous session.

IBJA Benchmark Rates See Minor Adjustments

According to the latest morning rates issued by the India Bullion and Jewellers Association for February 28, 2026, bullion prices have recorded small changes across purity levels. The rates below are without GST:

IBJA Gold & Silver Rates (February 28, 2026 - Morning)

• Fine Gold (999): ₹16,246 per gram
• 22 KT Gold: ₹14,892 per gram
• 20 KT Gold: ₹13,538 per gram
• 18 KT Gold: ₹12,185 per gram
• 14 KT Gold: ₹9,477 per gram

For comparison, the previous session's evening rates were slightly lower in gold but marginally softer in silver, indicating a mixed trend heading into the weekend.

Leading Jewellers Update 22K Retail Prices

Major jewellery brands have revised their 22-carat gold jewellery prices in line with bullion movements. Retail prices may vary by city due to local taxes, logistics and making charges.

• Tanishq: ₹14,850 per gram for 22K gold jewellery
• Malabar Gold & Diamonds: ₹14,810 per gram
• Joyalukkas: ₹14,810 per gram
• Kalyan Jewellers: ₹14,810 per gram

These prices were observed around early afternoon on February 28 and may change during the day depending on market movements.

What Buyers Should Keep In Mind

While bullion benchmarks have seen only marginal shifts, final jewellery prices depend on making charges, wastage, and applicable GST. Investors tracking gold as an asset class may also monitor MCX trends and global spot rates before taking fresh positions.

With prices hovering near recent highs, analysts suggest that long term buyers can consider staggered purchases rather than making lump sum buys in a single session.