Gold Rate Today: Gold enthusiasts and investors witnessed another milestone today as prices soared to unprecedented levels, with 24-karat gold touching ₹1,59,710 per 10 grams across major Indian markets. This remarkable jump of approximately ₹5,400 in a single trading session underscores the precious metal’s resilience amid turbulent global conditions.
Gold Rate Today January 23, 2026
| City | 24K Gold (per 10g) | 22K Gold (per 10g) | 18K Gold (per 10g) |
|---|---|---|---|
| Mumbai | ₹1,57,150 | ₹1,46,400 | ₹1,19,780 |
| Delhi | ₹1,59,710 | ₹1,46,400 | ₹1,19,780 |
| Chennai | ₹1,59,820 | ₹1,46,500 | ₹1,19,865 |
| Kolkata | ₹1,57,890 | ₹1,46,450 | ₹1,19,820 |
Note: Prices may vary based on local taxes and jeweler charges
What’s Driving the Gold Rush?
Multiple catalysts are propelling gold’s meteoric rise. International tensions have sparked renewed interest in safe-haven assets, while the weakening US dollar makes gold more attractive to global buyers. Market analysts point to anticipated interest rate reductions by the Federal Reserve as another key driver, since lower rates typically diminish the opportunity cost of holding non-yielding assets like gold.
On global platforms, Comex gold futures are approaching the psychological barrier of $4,970 per ounce, reflecting worldwide bullish sentiment. Domestically, the Multi Commodity Exchange (MCX) February contracts climbed to ₹1,59,226 per 10 grams, establishing fresh benchmarks.
Should You Buy Gold Now?
For Indian households, gold remains deeply embedded in cultural traditions and financial planning. Whether for weddings, festivals, or portfolio diversification, the yellow metal continues attracting buyers despite elevated prices. However, prospective investors should exercise caution—gold markets are notoriously volatile, responding swiftly to currency fluctuations, policy announcements, and trade developments.
Financial advisors recommend verifying current rates with certified dealers before purchasing, as final prices include GST (currently 3%) and making charges that vary significantly between jewelers.
Important Note: This article provides market information for awareness purposes only and should not be construed as investment advice. Always consult qualified financial professionals and authenticate rates from official sources before making purchase decisions.
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Yogesh Kolhe is a business and market news writer covering the share market, company earnings, and gold and silver price movements, with a strong focus on the automobile sector. A Mechanical Engineering graduate with 5 years of share market experience, he provides data-driven, reliable insights into market and industry trends.
