Gold Price in India September 28: Historical 22k Rates and MCX Levels

If you searched for the gold price in india september 28, the figures below are historical prices from Monday, September 28, 2026. They are not live rates for November 11, 2026. This explainer uses dated reports from The Economic Times and The Times of India, plus Google Trends search data, to show what rates were, why they fell, and why search interest spiked around September 28 to 29.

September 28, 2026: 22k Gold Rates by Brand and City

The Economic Times reported that major jewellery brands updated daily prices on September 28, 2026. Tanishq quoted 22k gold jewellery at Rs 13,810 per gram across Delhi, Mumbai, Chennai, Kolkata, Trivandrum and Bengaluru. That was down from Rs 14,040 per gram on September 25, 2026. Malabar Gold & Diamonds, Kalyan Jewellers and Joyalukkas quoted 22k gold at Rs 13,765 per gram in those same cities on September 28, compared with Rs 14,010 per gram on September 25.

Brand or index	September 28, 2026	September 25, 2026	Change
Tanishq 22k across six cities	Rs 13,810 per gram	Rs 14,040 per gram	Down Rs 230
Malabar, Kalyan, Joyalukkas 22k	Rs 13,765 per gram	Rs 14,010 per gram	Down Rs 245
IBJA fine gold 999, am indicative	Rs 14,805 per gram	Not comparable	Indicative only
IBJA 22 KT, am indicative	Rs 14,450 per gram	Not comparable	Indicative only

IBJA rates were indicative morning rates and had not been fully updated for the day when The Economic Times published its report. Because the September 25 IBJA figures were evening rates, they are not directly comparable with the September 28 morning rates.

Why Gold Prices Fell on September 28

Analysts cited by The Economic Times pointed to rising bond yields, interest-rate expectations and uncertainty around the Strait of Hormuz. The US Federal Reserve had already raised rates once that month, and investors priced roughly a 65% chance of another hike in October. The 10-year Treasury yield was near 5.20%, which makes non-yielding bullion less attractive.

IBJA President Prithviraj Kothari described the week as punishing for gold and silver, driven by rates rather than fading safe-haven appeal. Oil swings tied to the US-Iran standoff added to inflation worries instead of supporting bullion. Central bank buying may cushion further losses, according to the same report.

MCX Outlook: Support and Resistance Levels

The Times of India, citing Manav Modi of Motilal Oswal Financial Services, reported that MCX gold entered the week around Rs 148,300 after falling from the Rs 160,000 to Rs 162,000 region. Prices were testing the Rs 148,000 to Rs 148,500 zone as a key decision area, with the 61.8% Fibonacci retracement near Rs 148,400. Immediate support was placed at Rs 148,000, with resistance at Rs 151,000.

These are analyst opinions and price outlooks, not guaranteed targets or investment advice. The weekly bias was described as range bound, with crude oil, Treasury yields, Federal Reserve communication and US-Iran negotiations expected to remain the main drivers.

Search Trend and Date Warning

Google Trends India logged roughly 1,000 searches and about 500% growth for the term around September 28 to 29, 2026. Search volume confirms public interest only; it does not verify that any price is current or accurate today.

All rates in this article are historical. As of November 11, 2026, these prices are weeks old. For live gold prices, check a jeweller's website, IBJA or MCX directly before making any purchase or investment decision.

The Economic Times: September 28, 2026 gold rates

The Times of India: MCX gold outlook for September 28 week