Gold Price Today: Gold Prices Hit Record Highs on January 21, 2026 Amid Escalating Trade Tensions; Indian Stocks Plunge

Gold Price Today:  Gold prices in India and globally shattered fresh records on January 21, 2026, as escalating U.S. tariff threats tied to the Greenland dispute intensified safe-haven buying. The precious metal’s rally reflected heightened investor caution amid renewed trade-war fears, a depreciating rupee, and persistent central bank accumulation worldwide.

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On the Multi Commodity Exchange (MCX), February gold futures soared as much as 5.16% intraday, peaking at ₹1,58,339 per 10 grams before settling around ₹1,57,591—a robust gain of ₹7,026 or 4.67% from the previous close. This marked a continuation of the momentum that pushed prices past the ₹1.5 lakh threshold earlier in the week. Spot gold rates in major cities climbed sharply, averaging ₹1,55,380 per 10 grams for 24-karat, up approximately ₹4,150 or 2.74% in early trade. In Mumbai, 24-karat gold traded near ₹1,54,800–₹1,55,100 per 10 grams, with similar highs reported in Delhi, Bangalore, and other hubs. The weaker Indian rupee, hovering around ₹91.36–₹91.44 against the dollar, amplified the domestic upside.

Globally, spot gold breached the $4,800 per ounce milestone, climbing over 2% to levels around $4,850–$4,870 per troy ounce, with intraday highs approaching $4,878. This surge was driven by flight-to-quality flows as equity markets wavered and bond yields fluctuated.

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Analysts point to multiple catalysts: renewed U.S.-Europe trade frictions, potential Federal Reserve rate-cut expectations, and strong physical demand in Asia ahead of seasonal buying. Geopolitical uncertainties have reinforced gold’s appeal as a hedge against inflation and currency risks.

Gold Price Today 21 January  2026

Gold Variant Today’s Price (per 10 grams) Previous Close (per 10 grams) Change (%)
MCX Gold (Feb Futures) ₹1,57,591 ₹1,50,565 +4.67%
Spot 24K Gold (Avg. Major Cities) ₹1,55,380 ₹1,51,230 +2.74%
Mumbai 24K Gold ₹1,55,100 ≈₹1,50,950 +2.75% (approx.)

Looking ahead, market participants will watch U.S. policy developments, rupee movements, and global risk sentiment closely, as these factors could sustain or temper the current bullish trajectory in gold.

Disclaimer This article is for informational purposes only and reflects gold market data as of January 21, 2026. Prices are volatile and indicative; actual rates may vary by source, location, purity, taxes, and timing.

It does not constitute financial, investment, or trading advice. Always verify live prices from official sources (e.g., MCX, authorized dealers) and consult a qualified financial advisor before making any decisions.

The author and platform accept no liability for losses arising from the use of this information. Invest responsibly.

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