Gold and silver price today, Sept 28: Check retail rates of 24K, 22K gold and 999 silver in Mumbai, Delhi, other cities
The yellow metal’s price in India fell nearly 2% in the domestic futures market during early trading hours on Monday, September 28, amid reports of fresh tensions emerging between the US and Iran, despite the two sides holding their first known indirect talks last week since a previous ceasefire collapsed in July.
MCX Gold 5 October futures stood at ₹148,092 per 10 grams, while MCX Silver 4 December contracts were 2.6% at ₹228,566 per kg at around 9:03 am.
Iran on Sunday (local time) maintained its conditions for reopening the Strait of Hormuz, stating that it would not soften its demands despite US President Donald Trump rejecting the seven-day ceasefire proposal. The standoff over the key shipping route also kept energy prices elevated.
Additionally, Trump also expressed confidence that Washington will win the conflict with Tehran “very soon,” adding that fresh military strikes ahead of the US midterms are “possible,” Fox News reported.
Changes in retail gold and silver prices today
In the retail market, gold is sold in 24-karat and 22-karat purity. While 24-karat gold is considered the purest form, 22-karat gold is more commonly used for making jewellery because it’s more durable in nature.
On Monday, 24-carat gold was priced at ₹148,910/10 grams, and 22-carat gold was priced at ₹136,501/10 grams. Silver prices today are at ₹228,780/kg (Silver 999 Fine), according to Indian Bullion Association’s (IBA) data.
Customers must note that jewellers may add making charges, taxes, and GST to the bill, which could hike the final price of the item. Here’s a look at the latest gold prices across major Indian cities on September 28:
Gold Prices in Mumbai — September 28
24 karat gold rate in Mumbai — ₹148,580/10 gm
22 karat gold rate in Mumbai — ₹136,198/10 gm
Silver 999 Fine rate in Mumbai — ₹228,150/1 kg
Gold Prices in New Delhi — September 28
24 karat gold rate in New Delhi — ₹148,320/10 gm
22 karat gold rate in New Delhi — ₹135,960/10 gm
Silver 999 Fine rate in New Delhi — ₹227,760/1 kg
Gold Prices in Bengaluru — September 28
24 karat gold rate in Bengaluru — ₹148,700/10 gm
22 karat gold rate in Bengaluru — ₹136,308/10 gm
Silver 999 Fine rate in Bengaluru — ₹228,330/1 kg
Gold Prices in Kolkata — September 28
24 karat gold rate in Kolkata — ₹148,380/10 gm
22 karat gold rate in Kolkata — ₹136,015/10 gm
Silver 999 Fine rate in Kolkata — ₹227,850/1 kg
Gold Prices in Hyderabad — September 28
24 karat gold rate in Hyderabad — ₹148,810/10 gm
22 karat gold rate in Hyderabad — ₹136,409/10 gm
Silver 999 Fine rate in Hyderabad — ₹228,520/1 kg
Gold Prices in Chennai — September 28
24 karat gold rate in Chennai — ₹149,070/10 gm
22 karat gold rate in Chennai — ₹136,648/10 gm
Silver 999 Fine rate in Chennai — ₹229,030/1 kg
How much returns has gold, silver given so far
Gold prices last year experienced their strongest bull run since 1979, rising by over 75% till date. In recent months, gold prices have risen modestly amid safe-haven demand and global economic uncertainty.
Meanwhile, silver prices have seen even steeper increases due to strong demand and currency fluctuations. Rates rose from roughly ₹78,600 per kg in 2023-2024 to over ₹240,000 per kg in September 2026.
