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Current Gold Prices: Fluctuations and Market Insights

Gold prices have seen fluctuations recently, following a peak in January. As of February 28, 24-carat gold is priced at Rs 1,60,455. This article provides detailed gold rates across major cities and expert insights on market trends, including the impact of US economic indicators on gold prices. Investors and jewelers alike are keenly observing these developments, making it crucial to stay informed about the latest market dynamics.
By Narendra Chaudhary Feb 28, 2026, 00:11 IST

Gold Price Overview

Today's Gold Rates: Recently, gold prices have experienced some volatility after hitting a record high on January 29. As of Saturday, February 28, the cost of 24-carat gold was recorded at Rs 1,60,455, while 22-carat gold was priced at Rs 1,74,077, and 18-carat gold at Rs 1,20,368. Both investors and jewelers are closely monitoring these price changes. According to Goodreturns, the current rates in India are Rs 16,157 per gram for 24-carat gold, Rs 14,810 per gram for 22-carat gold, and Rs 12,118 per gram for 18-carat gold.


Gold Prices in Major Cities

Gold Rate Across Major Cities

City 24K Today 22K Today 18K Today
Chennai Rs 16,255 Rs 14,900 Rs 12,750
Mumbai Rs 16,157 Rs 14,810 Rs 12,118
Delhi Rs 16,172 Rs 14,825 Rs 12,133
Kolkata Rs 16,157 Rs 14,810 Rs 12,118
Bangalore Rs 16,157 Rs 14,810 Rs 12,118
Hyderabad Rs 16,157 Rs 14,810 Rs 12,118
Kerala Rs 16,157 Rs 14,810 Rs 12,118
Pune Rs 16,157 Rs 14,810 Rs 12,118
Vadodara Rs 16,162 Rs 14,815 Rs 12,123
Ahmedabad Rs 16,162 Rs 14,815 Rs 12,123
Jaipur Rs 16,172 Rs 14,825 Rs 12,133
Lucknow Rs 16,172 Rs 14,825 Rs 12,133
Coimbatore Rs 16,255 Rs 14,900 Rs 12,750
Madurai Rs 16,255 Rs 14,900 Rs 12,750
Vijayawada Rs 16,157 Rs 14,810 Rs 12,118
Patna Rs 16,162 Rs 14,815 Rs 12,123
Nagpur Rs 16,157 Rs 14,810 Rs 12,118
Chandigarh Rs 16,172 Rs 14,825 Rs 12,133
Surat Rs 16,162 Rs 14,815 Rs 12,123
Bhubaneswar Rs 16,157 Rs 14,810 Rs 12,118
Mangalore Rs 16,157 Rs 14,810 Rs 12,118
Visakhapatnam Rs 16,157 Rs 14,810 Rs 12,118
Nashik Rs 16,160 Rs 14,813 Rs 12,121
Mysore Rs 16,157 Rs 14,810 Rs 12,118
Salem Rs 16,255 Rs 14,900 Rs 12,750
Rajkot Rs 16,162 Rs 14,815 Rs 12,123
Trichy Rs 16,255 Rs 14,900 Rs 12,750
Ayodhya Rs 16,172 Rs 14,825 Rs 12,133
Cuttack Rs 16,157 Rs 14,810 Rs 12,118


Market Insights

Expert Commentary

Saumil Gandhi, a Senior Analyst in Commodities at HDFC Securities, commented on the recent rise in gold prices, attributing it to mixed signals from global markets. He noted that the market is currently assessing the implications of increasing US trade protectionism and ongoing tensions in the Middle East against a backdrop of a stable dollar. Investors are now focusing on significant macroeconomic indicators, particularly the upcoming US Producer Price Index (PPI) data, which is expected to influence the Federal Reserve's policy decisions and subsequently affect the US dollar and gold prices. Gandhi emphasized that remarks from various members of the Federal Open Market Committee will also be crucial for gaining further insights that could impact gold's momentum.

(Data sourced from All India Bullion and will be updated regularly.)