Gold Silver Rate Today, 28 March 2026: City-Wise Prices Rise Slightly, MCX Gold Rebounds Above Recent Lows

Gold and silver prices rose modestly on 28 March 2026, with Indian domestic gold up by small increments across purities and silver near ₹239,900 per kilogram. Global prices firmed slightly as safe-haven demand and a softer US dollar influenced markets, while GST and making charges continue to affect purchase costs.

Gold and silver prices on 28 March 2026 trade above recent lows, both globally and in India, as investors lean on safe-haven assets amid West Asia tensions and a softer US dollar, with Indian domestic gold gaining ₹160 per 10 grams and silver hovering near ₹2.39 lakh per kilogram after a sharp monthly slide.

Spot gold internationally is around $4,430.00 per ounce after a 1.2% rise in the last session, while spot silver is near $69.58 per ounce, also up about 1.2% in 24 hours, even though both metals still trade well below peaks seen earlier in March 2026.

Gold Price Today and Silver Price Today: Domestic market snapshot

In India on 28 March 2026, benchmark domestic gold prices increase by ₹160 per 10 grams, with 24K gold (99.9%) quoted at ₹14,472 per gram and ₹1,44,720 per 10 grams, while 22K gold (91.6%) stands at ₹13,266 per gram and ₹1,32,660 per 10 grams, and 18K gold is priced at ₹10,854 per gram and ₹1,08,540 per 10 grams.

Retail buyers paying at stores such as Tanishq or Malabar Gold usually see higher final bills because a 3% GST is added on the gold value and jewellers levy making charges typically in the 5% to 35% range, depending on the complexity and finish of each jewellery piece.

Gold Price Today and Silver Price Today: Detailed Indian gold rate tables

Current Indian 24K gold prices show small gains versus 27 March 2026, with per-gram and bulk rates moving almost uniformly across quantities from 1 gram to 100 grams, reflecting the ₹1 rise per gram and ₹100 increase per 100 grams for 24K metal over the previous trading day.

For 22K gold, the pattern is similar, with prices on 28 March 2026 higher by ₹1 per gram and ₹100 per 100 grams, suggesting a calm but mildly positive domestic session following earlier weakness seen in the month for both purity segments of gold.

Gold Price Today and Silver Price Today: 18K gold and city-wise gold differences

Prices for 18K gold in India also edge up, with 1 gram at ₹10,854 compared with ₹10,853 on 27 March 2026, and similar small gains across larger quantities, while city-wise 24K and 22K gold quotations vary slightly due to local taxes, manufacturing costs and demand conditions in different regional markets.

Among major cities, Chennai displays the highest 24K gold quote at ₹1,46,520 per 10 grams, with other centres such as Mumbai, Delhi, Bangalore, Hyderabad and Pune clustered around ₹1,44,720, and minor premiums of ₹50 per 10 grams observed in Ahmedabad and Vadodara for both 24K and 22K categories.

Gold Price Today and Silver Price Today: Indian gold across cities and recent days

Looking at 1-gram rates, Chennai again leads at ₹14,652 for 24K, while Mumbai, Delhi, Kolkata, Bangalore, Hyderabad, Kerala, Pune, Vadodara and Ahmedabad largely trade within the ₹14,472 to ₹14,487 range for 24K, and corresponding spreads appear in 22K and 18K prices across the same urban markets.

Over the last 10 days, Indian 24K gold prices fall from ₹15,028 per gram on 19 March 2026 to ₹14,472 per gram on 28 March 2026, with the lowest point at ₹14,291 on 24 March 2026, and 22K gold tracing a similar softening path in the same period.

Gold Price Today and Silver Price Today: March 2026 gold trend and global gold picture

For March 2026 overall, Indian 24K gold starts at ₹17,309 per gram on 1 March 2026 and drops to ₹14,472 per gram by 28 March 2026, with the month’s lowest point at ₹14,291 per gram on 24 March 2026, reflecting a fall of about 16.39% for both 24K and 22K categories.

On the international side, spot gold trades near $4,430.00 per ounce, with the GCW00 futures contract on the latest session opening at $4,403.90, touching a high of $4,585.30 and a low of $4,400.60, closing previously at $4,409.00, supported by trading volume of 203,551 and open interest of 242,136, alongside an intraday percentage gain of 2.55%.

Gold Price Today and Silver Price Today: Key drivers and short-term outlook for gold

Market participants attribute the recent bounce in gold to ongoing geopolitical friction in West Asia, volatility in the US dollar, and a recovery from monthly lows earlier in the week, with analysts watching a technical resistance area near $4,500 per ounce that could cap further immediate upside if global risk sentiment steadies.

Domestic factors also matter for Indian investors, as any depreciation in the rupee against the dollar tends to push local gold prices higher, while approaching wedding season often supports physical jewellery buying, and buyers can also consider Gold ETFs or digital gold units, which track market rates without incurring jewellery making charges.

Gold Price Today and Silver Price Today: Domestic silver prices and city spreads

Silver in India on 28 March 2026 trades at about ₹2,39,900 per kilogram for Silver 999, with per-gram and 10-gram quotes at ₹239.90 and ₹2,399 respectively, reflecting a daily fall of ₹100 per kilogram as compared with 27 March 2026, despite the mild rebound in international spot prices.

Across leading Indian cities, silver prices per kilogram are largely uniform near ₹2,39,900, but Chennai, Hyderabad and Kerala quote around ₹2,44,900 per kilogram and ₹2,449 per 10 grams, indicating a premium of roughly ₹5,000 per kilogram linked to higher regional cultural and industrial use of the metal.

Gold Price Today and Silver Price Today: Silver trends, monthly slide and global silver context

Short-term silver movements in India show minor daily changes, with 1 gram down to ₹239.90 and 10 grams at ₹2,399 on 28 March 2026, compared with ₹240 and ₹2,400 respectively on 27 March 2026, tracking global price action and rupee-dollar shifts rather than domestic supply shocks.

Over the last 10 days, Indian silver prices drop from ₹2,60,000 per kilogram on 19 March 2026 to ₹2,39,900 on 28 March 2026, with the month’s lowest closing rate at ₹2,30,000 per kilogram on 23 March 2026, underlining a broad decline from early March highs.

Gold Price Today and Silver Price Today: March 2026 silver movement and drivers

For March 2026 overall, silver in India opens at ₹2,95,000 per kilogram on 1 March 2026, peaks at ₹3,15,000 per kilogram on 2 March 2026, then retreats to ₹2,39,900 per kilogram by 28 March 2026, recording an 18.68% monthly fall from the peak, though industrial demand still supports a price floor.

Globally, spot silver trades near $69.58 per ounce, up about 1.2% in the past 24 hours, helped by a mild pullback in the US Dollar index and heightened safe-haven interest, although the metal remains far below the early-March level above $120 per ounce, which underscores the scale of recent corrections.

Gold Price Today and Silver Price Today: Outlook, investment options and buyer considerations

Analysts monitoring silver say that a weaker US dollar could push prices toward resistance near $72 per ounce, with some commentary suggesting that if the dollar index continues to soften, silver may test $72 in coming weeks, and a break over $70 could open additional upside, especially amid persistent West Asia tensions.

Industrial usage from solar power expansion and electric vehicle manufacturing in India continues to underpin physical silver demand, while domestic premiums in southern cities remain around ₹5,000 to ₹10,000 per kilogram, and many investors prefer Silver ETFs such as Nippon India Silver ETF (SILVERBEES) and ICICI Prudential Silver ETF to avoid storage issues and GST on physical holdings.

For both gold and silver, Indian buyers face a 3% GST on the value of metal purchases, with jewellery and utensils also carrying making charges that typically range from 5% to 25% for silver and 5% to 35% for gold, prompting some savers to choose digital formats, ETFs or bars to match investment needs and cost concerns.

Internationally, price paths for gold and silver remain tied to US dollar movements, geopolitical developments in West Asia and expectations for global growth, while in India the rupee’s exchange rate, regional demand and seasonal weddings shape day-to-day levels, and all quoted market rates exclude GST, TCS and making charges, which local jewellers finally add at billing.