22K and 24K gold rates increased across major Indian cities on June 28, with prices climbing by up to Rs 440 per 10 grams.
Highlights:
- 22K gold rose by Rs 410 to Rs 1,31,350 per 10 grams.
- 24K gold gained Rs 440 to Rs 1,43,390 per 10 grams.
- Updated rates were recorded in Delhi, Mumbai and Bengaluru.
- The increase reflects continued strength in domestic gold prices.
- Buyers may see higher jewellery costs if the upward trend continues.
Gold prices continued their upward trend on June 28, with both 22-carat and 24-carat gold becoming more expensive across major Indian cities, including Delhi, Mumbai and Bengaluru. The latest revision adds to the recent rally in precious metal prices, making jewellery purchases costlier for consumers.
According to the latest market update, the price of 22-carat gold increased by Rs 410 to Rs 1,31,350 per 10 grams. Meanwhile, 24-carat gold climbed by Rs 440, taking the rate to Rs 1,43,390 per 10 grams.
The revised prices were identical across Bengaluru, Mumbai and Delhi, indicating a uniform movement in domestic gold rates. Gold prices in India are influenced by several factors, including international bullion prices, the rupee’s exchange rate against the US dollar, import duties and local demand.
The recent rise comes at a time when global gold prices have remained firm, supported by investor demand for safe-haven assets amid economic uncertainty and expectations surrounding interest rate movements. Domestic prices also reflect changes in global markets along with taxes and other local charges.
For consumers planning to buy jewellery, even a small increase in gold rates can significantly impact the final purchase cost, especially during the wedding and festive seasons. Investors tracking gold as a long-term asset may continue to watch international developments, central bank policies and currency movements for further price direction.
Before making a purchase, buyers are advised to compare rates across jewellers and check for hallmark certification, making charges and GST, as these additional costs can substantially affect the final bill.
