Gold Prices Rebound After Sharp Fall, Silver Turns Cheaper: Check Latest Rates Across Major Cities
Gold Price Today (March 28, 2026): After witnessing a sharp decline a day earlier, gold prices in India have staged a strong comeback. Meanwhile, silver continues to remain under pressure, becoming more affordable for buyers. The latest rates indicate mixed trends in the bullion market, influenced by both domestic demand and global price movements.
Gold Recovers After Previous Day’s Dip
Gold prices have bounced back in major Indian cities on March 28, reflecting renewed buying interest. In the national capital Delhi, the price of 24-carat gold climbed to ₹1,44,870 per 10 grams in early morning trade. Similarly, Mumbai recorded a rate of ₹1,44,720 per 10 grams for 24-carat gold.
This rebound comes just a day after a notable correction in the bullion market. On the previous trading session, gold prices in Delhi had dropped sharply by ₹1,900, or around 1.3%, settling at ₹1,47,800 per 10 grams. The sudden recovery suggests that investors are still viewing gold as a safe-haven asset despite short-term volatility.
Global Market Influence on Gold Prices
International trends are also playing a key role in shaping domestic gold prices. In the global market, spot gold is currently trading around $4,416 per ounce. Fluctuations in the US dollar, interest rate expectations, and geopolitical developments continue to impact gold’s direction worldwide.
Experts believe that even though gold may not deliver returns similar to previous years over the next five years, it still remains an important part of long-term investment portfolios due to its stability and hedge against inflation.
Latest Gold Rates in Major Indian Cities
Here’s a look at the updated gold prices across key cities:
- Delhi: ₹1,32,810 (22-carat), ₹1,44,870 (24-carat) per 10 grams
- Mumbai: ₹1,32,660 (22-carat), ₹1,44,720 (24-carat)
- Ahmedabad: ₹1,32,710 (22-carat), ₹1,44,770 (24-carat)
- Chennai: ₹1,32,660 (22-carat), ₹1,44,720 (24-carat)
- Kolkata: ₹1,32,660 (22-carat), ₹1,44,720 (24-carat)
- Hyderabad: ₹1,32,660 (22-carat), ₹1,44,720 (24-carat)
- Jaipur: ₹1,32,810 (22-carat), ₹1,44,870 (24-carat)
- Bhopal: ₹1,32,710 (22-carat), ₹1,44,770 (24-carat)
- Lucknow: ₹1,32,810 (22-carat), ₹1,44,870 (24-carat)
- Chandigarh: ₹1,32,810 (22-carat), ₹1,44,870 (24-carat)
Prices may vary slightly depending on local taxes, making charges, and demand patterns in each city.
Silver Prices Decline Further
While gold has shown signs of recovery, silver prices have moved in the opposite direction. As of March 28, silver is priced at ₹2,39,900 per kilogram in the domestic market.
Just a day earlier, silver saw a steep fall of ₹11,250, nearly 5%, dropping to ₹2,30,000 per kilogram in Delhi’s bullion market. This sharp decline reflects weaker demand and possible profit-booking by investors.
In the international market, spot silver is currently trading at approximately $68.12 per ounce. Despite the recent correction, silver had witnessed a strong rally earlier this year, even crossing the ₹4 lakh per kilogram mark in January 2026.
What’s Driving the Bullion Market?
Several factors are influencing gold and silver prices right now:
- Global economic uncertainty continues to drive safe-haven demand for gold
- Currency fluctuations, especially the rupee against the US dollar
- Interest rate outlook in major economies
- Seasonal demand in India, including weddings and festivals
- Industrial demand trends, which significantly impact silver prices
Outlook for Investors
Market analysts suggest that while gold may not offer the same high returns seen in recent years, it remains a reliable investment for long-term wealth preservation. On the other hand, silver’s price volatility may create opportunities for short-term investors.
For buyers, the current dip in silver prices could be a favorable entry point, while gold’s recovery indicates continued investor confidence.
Conclusion:
The bullion market is currently witnessing a mixed trend, with gold recovering after a brief decline and silver becoming more affordable. As global and domestic factors continue to influence prices, investors and buyers are advised to keep a close watch on market movements before making decisions.
