Slight fall in gold prices, is this the right time to buy? Know the latest rates of February 28: – ..
New Delhi/Lucknow. The last day of February (28 February 2026) has brought relief news for the Indian bullion market. There has been a slight decline in the skyrocketing prices of gold today, which has brought some relief to families planning to buy during the wedding season. In the domestic market due to profit booking in the international market and the strength of the dollar. 24 karat, 22 karat and 18 karat The prices of all three categories have come down.
Today’s Latest Gold Rates (Per 10 Grams)
Today, on 28 February 2026, the average prices of gold in major cities of the country are as follows:
| carat | Today’s price (per 10 grams) | yesterday’s price | shift |
|---|---|---|---|
| 24 carat (purest) | ₹1,61,580 | ₹1,61,680 | ▼₹100 |
| 22 carat (for jewellery) | ₹1,48,110 | ₹1,48,210 | ▼₹100 |
| 18 carat (designer jewellery) | ₹1,21,190 | ₹1,21,290 | ▼₹100 |
Note: These prices are indicative and do not include GST, TCS and making charges. Contact your nearest jewelery showroom for exact price.
Today’s situation in metros: Prices fell in Lucknow also
A slight difference has been seen in the price of gold in other big cities of the country including Lucknow, the capital of Uttar Pradesh, due to local taxes:
Delhi: ₹1,61,710 (24K) | ₹1,48,240 (22K)
Mumbai: ₹1,61,580 (24K) | ₹1,48,110 (22K)
Lucknow: ₹1,61,710 (24K) | ₹1,48,240 (22K)
Chennai: ₹1,62,540 (24K) | ₹1,48,990 (22K)
Why did the prices fall?
According to market experts, ‘profit booking’ (profit booking) done by investors at the end of February has pushed the prices down. Globally, the movement of Brent crude and US dollar has also put pressure on gold. However, from a longer term perspective, gold has performed overall positive and remains above the psychological level of ₹1.60 lakh (per 10 grams) till February 2026.
Important tips for buyers: Pay attention to hallmark
In the style of Amar Ujala, we advise you to remember these things whenever you buy gold:
Hallmarking: Always buy gold with ‘BIS Hallmark’. This is a guarantee of purity.
Making Charge: Making charges of different jewelers are different, so definitely bargain.
Carat Identification: 24 carat is the best choice for investment (coins/bars) and 22 carat for jewellery.
Sure Bill: Make sure to take a confirmed GST bill, so that there is no problem while selling it in future.
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