Gold Rate Today 23 January 2026: Gold prices in India climbed to unprecedented levels on January 23, 2026, extending their strong upward momentum as global investors continued to seek safety in precious metals. Heightened geopolitical tensions, a weakening US dollar, and expectations of possible interest rate cuts by major central banks have significantly boosted demand for gold, both internationally and in the domestic market.
In India, physical gold prices surged across all major cities. The rate of 24-karat gold moved well above ₹1.58 lakh per 10 grams, reflecting robust buying interest from investors and jewellers alike. Variations in city-wise prices were mainly due to local taxes, logistics costs, and jeweller margins, but the overall trend remained decisively bullish.
Gold Rate Today 23 January 2026
| City | 24K Gold Price (₹/10g) |
|---|---|
| Mumbai | 1,58,500 – 1,59,710 |
| Delhi | 1,58,230 – 1,59,860 |
| Chennai | 1,58,960 – 1,59,820 |
| Bengaluru | 1,58,760 – 1,59,710 |
| Hyderabad | 1,58,890 – 1,59,710 |
For jewellery buyers, 22-karat gold—which is widely used for ornaments—was priced approximately 8–9% lower, ranging between ₹1,45,000 and ₹1,46,400 per 10 grams in major metropolitan areas.
The futures market also reflected the strong bullish sentiment. On the Multi Commodity Exchange (MCX), gold futures for the February contract opened near ₹1,58,889 per 10 grams and traded in a wide band of ₹1,57,680 to ₹1,59,226 during the session. This rally aligns with international spot gold prices approaching the $4,960 per ounce mark.
Market analysts suggest that gold may remain volatile in the near term but recommend a “buy on dips” strategy for traders. Key support is seen around ₹1,55,000–₹1,57,000, while resistance lies near ₹1,59,000–₹1,60,000 per 10 grams.
With economic uncertainty persisting, gold continues to reinforce its reputation as a reliable hedge against inflation and global instability.
Disclaimer: Gold prices are indicative and may vary across markets. Buyers and investors should verify rates with authorised dealers before making any transactions.
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.
