Bangalore Gold Rate Today April 28: IBJA Rates Slip, 22K Prices at Top Jewellers Stay Range-Bound

Gold prices in India remained broadly steady on April 28, 2026, even as global cues kept investors cautious. Traders continued to track possible US-Iran peace talks and awaited the next US Federal Reserve interest rate decision. On the Multi Commodity Exchange, gold ended flat while silver slipped slightly. Ongoing geopolitical tensions, inflation concerns and crude oil movements kept sentiment cautious, but demand for bullion remained intact.

The overall trend stayed mildly firm, supported by strong wedding-season demand, continued central bank buying and gold's role as a hedge against inflation. Despite some resistance near record domestic levels, investor mood remained positive, indicating underlying strength in the market.

According to the India Bullion and Jewellers Association (IBJA), the benchmark gold rate stood at around ₹15,119 per gram for 24 karat gold, while 22 karat gold was priced close to ₹13,849 per gram and 18 karat gold at about ₹11,339 per gram. These benchmark rates act as a national reference for gold pricing in India and are commonly used by jewellers to determine base prices. However, they do not include additional components such as making charges or GST, which means the final price paid by consumers at retail stores is higher.

In Bangalore, gold prices reflected this broader stability, with a slight day-on-day dip across purity levels. For 24 carat gold, the rate stood at ₹15,300 per gram, down by ₹71 from ₹15,371 recorded yesterday. For 10 grams, the price was ₹1,53,000, marking a decline of ₹710 from ₹1,53,710.

Similarly, 22 carat gold, widely used for jewellery, was priced at ₹14,025 per gram, down by ₹65 compared to ₹14,090 in the previous session. For 10 grams, the rate stood at ₹1,40,250, lower by ₹650 from ₹1,40,900. The decline remains marginal and reflects routine market fluctuations rather than any major shift in trend.

At the national level, benchmark prices remained aligned with Bengaluru's rates. Standard domestic prices for 24K gold stood at ₹15,300 per gram and ₹1,53,000 for 10 grams, while 22K gold was at ₹14,025 per gram and ₹1,40,250 per 10 grams. In most major cities including Mumbai, Hyderabad, Kolkata and Pune, rates were similar, while Chennai reported slightly higher prices.

Internationally, gold continued to hover near record levels, with spot prices around $4,710 per ounce and futures close to $4,714. The global outlook remained mildly bullish, supported by safe-haven demand, central bank purchases and expectations of future US rate cuts, although a stronger dollar capped further gains.

Over the past 10 days, domestic gold prices have shown a broadly firm trend, with intermittent corrections. Analysts continue to maintain a positive long-term outlook, citing inflation concerns, rupee weakness and steady investment demand.

For buyers in Bengaluru, it is important to note that the final purchase price will be higher than listed rates. A 3 percent GST is applicable, and making charges typically range between 5 percent and 25 percent depending on the design, purity and jeweller.