India Gold Price Drops Amid Global Market Pressures
The gold price in India has decreased on September 28, 2026. The price of 24K gold stands at Rs 15,017 per gram, marking a decrease of Rs 251 from the previous day's rate. Similarly, the prices of 22K and 18K gold currently stand at Rs 13,765 per gram and Rs 11,263 per gram respectively.
According to Vikram Subburaj, CEO of Giottus.com, the Indian bullion markets are starting the week on a mixed note. Gold remains under pressure, while silver is showing some early recovery. The pressure on gold is coming mainly from global markets, where spot gold fell 1.5% to around $4,224 an ounce.
Subburaj further added that higher oil prices are adding to inflation concerns, keeping expectations of further US rate hikes in focus. A stronger dollar and higher interest rates can weigh on non-yielding assets such as gold.