New Delhi, India — Thursday, January 29, 2026:
The gold rate today in India climbed to unprecedented levels on Thursday as investors and buyers reacted to global market shifts, economic data, and safe-haven demand. Precious metal prices surged sharply, breaking multiple historical records and influencing jewellery demand nationwide.
Current Gold Prices (India – January 29, 2026)
According to live price feeds:
- 24K Gold: Around ₹1,75,000–₹1,80,000 per 10 grams (approx ₹17,885 per gram)
- 22K Gold: Around ₹1,60,000 per 10 grams (approx ₹16,395 per gram)
- 18K Gold: Around ₹13,400 per gram
Across major markets including Delhi, Mumbai, Chennai, Bangalore and Kolkata, prices reflected this robust uptrend, with gains of over 7% compared to recent closes.
Market data also showed gold futures on the Multi Commodity Exchange (MCX) jumping nearly 9%, reinforcing the bullish outlook.
Why Are Gold Rates Surging Today?
Experts attribute the record-high gold rate today to a combination of factors:
- Global economic uncertainty — investors are moving into gold as a safe asset amid fluctuations in currency and equity markets.
- US Federal Reserve policy and Fed rate stability, which has historically boosted precious metal prices.
- Weakening Indian rupee relative to the US dollar, making imports costlier and pushing up domestic gold prices.
These macroeconomic triggers are elevating gold’s appeal not just as an ornament but as a hedge against inflation and volatility.
Silver Also on the Rise
Gold’s rally has been mirrored by silver, which has crossed the ₹4 lakh per kilogram mark in many cities, adding to the momentum in metals markets.
Impact on Jewellery Demand
The surge in gold prices has had a twofold effect:
- Investors are increasingly buying gold-related financial products such as ETFs.
- Physical jewellery demand has softened as high prices deter regular buyers, especially in traditional markets. Analysts noted that jewellery purchases dropped significantly even as the value of the gold market hit record highs.
City-Wise Spotlight
Rates varied slightly by region, but the overall trend remained sharply upward, with several cities reporting strong gains in both 22K and 24K gold rates throughout the day.
Summary:
Today’s gold rate in India is at historical peaks — with 24K gold trading around ₹1.75–1.80 lakh per 10 grams and 22K gold around ₹1.60 lakh per 10 grams. The surge reflects global market dynamics and strong investor demand, significantly impacting jewellery consumption and investment strategies across the country.
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