Date: 24 January, 2026
Gold prices in India have recorded a powerful rally this week, reinforcing the yellow metal’s status as the world’s most trusted safe-haven asset. According to the latest market data, Gold Price Today for 24-carat gold has climbed to an all-time high of ₹1,54,310 per 10 grams, reflecting a sharp weekly jump of ₹12,717. Silver has mirrored this momentum, rising by ₹35,815 to reach ₹3,17,705 per kilogram.
This sudden surge has caught the attention of investors, jewellers, and households alike, as precious metals continue to outperform most traditional asset classes in early 2026. Heightened global uncertainty, a historic fall in the Indian rupee, and aggressive gold accumulation by central banks have combined to fuel this strong upward trend.
Gold Price Today in India (24 January 2026)
As of today, gold prices across different purity levels show a clear upward trajectory. The following table provides a clean snapshot of Gold Price Today in India based on carat value.
Gold Price Today by Purity (₹ per 10 grams)
| Gold Purity | Price (₹) |
|---|---|
| 14 Carat | ₹90,271 |
| 18 Carat | ₹1,15,733 |
| 22 Carat | ₹1,41,348 |
| 24 Carat | ₹1,54,310 |
Note: Prices are per 10 grams
Source: IBJA
The premium on higher-purity gold reflects both strong investment demand and rising import costs linked to currency depreciation.
Gold Price Today Across Major Indian Cities
Gold prices vary slightly across cities due to differences in local taxes, logistics, and jeweller margins. Below is the latest city-wise breakdown for 24-carat gold prices.
Gold Price Today in Indian Cities (24 Carat / 10 grams)
| City | Price (₹) |
|---|---|
| Jaipur | ₹1,60,410 |
| Delhi | ₹1,60,410 |
| Patna | ₹1,60,310 |
| Ahmedabad | ₹1,60,310 |
| Lucknow | ₹1,60,410 |
| Kolkata | ₹1,60,260 |
| Mumbai | ₹1,60,260 |
| Bhopal | ₹1,60,310 |
| Raipur | ₹1,60,260 |
| Chennai | ₹1,59,490 |
Note: Prices are per 10 grams of 24-carat gold
Source: Goodreturns
Chennai remains marginally cheaper compared to northern cities, while Delhi, Jaipur, and Lucknow are trading at the higher end of the spectrum.
Weekly Price Movement: Gold and Silver Post Strong Gains
The latest rally has been swift and decisive. Just a week ago, on 16 January 2026, gold was trading at ₹1,41,593 per 10 grams. Within seven days, prices have jumped by ₹12,717, underscoring the intensity of buying pressure.
Silver has delivered an even more dramatic move.
Weekly Price Change Snapshot
| Metal | Previous Price | Current Price | Increase |
|---|---|---|---|
| Gold (10g) | ₹1,41,593 | ₹1,54,310 | ₹12,717 |
| Silver (1kg) | ₹2,81,890 | ₹3,17,705 | ₹35,815 |
This surge has strengthened the case for precious metals as a hedge against global instability and currency risk.
Why Gold Price Today Is Rising: Three Major Reasons
1. Global Geopolitical Tensions and the Greenland Dispute
One of the biggest drivers behind the current rally in Gold Price Today is escalating global uncertainty. The renewed geopolitical friction surrounding Greenland, coupled with tariff threats from US President Donald Trump towards European nations, has shaken global financial markets.
Whenever the risk of a trade war or diplomatic conflict intensifies, investors tend to exit equities and move capital into safe-haven assets such as gold. This flight to safety has significantly boosted global gold demand over the past week.
2. Record Weakness in the Indian Rupee
Another crucial factor influencing Gold Price Today is the sharp depreciation of the Indian rupee. The currency has slipped to an all-time low of ₹91.10 against the US dollar.
Since India imports most of its gold, a weaker rupee directly increases the landing cost of the metal. Market experts note that even if global gold prices remain stable, domestic prices rise sharply when the rupee falls.
According to commodity analysts, the current currency weakness alone has pushed gold prices well beyond the ₹1.5 lakh mark in India.
3. Heavy Buying by Central Banks Worldwide
Central banks across the globe are continuing to increase their gold reserves at an aggressive pace. Institutions such as the Reserve Bank of India (RBI) are actively diversifying away from fiat currencies to protect foreign exchange reserves.
Data from the World Gold Council indicates that after record purchases in 2025, central bank demand has remained strong in early 2026. With supply remaining limited and demand expanding, prices have naturally moved higher.
Silver Price Today: Industrial Demand Fuels the Rally
While gold often dominates headlines, silver has quietly delivered even stronger returns. Silver Price Today has crossed ₹3.17 lakh per kilogram, driven by a mix of industrial and investment demand.
Key Reasons Behind the Silver Price Surge
1. Rising Industrial Consumption
Silver is no longer just a precious metal used in jewellery. It is now a critical raw material for solar panels, electric vehicles, electronics, and advanced manufacturing. Rapid expansion in these sectors has created sustained demand.
2. Fear of US Tariffs
Concerns over potential US tariffs have prompted companies to stockpile silver, reducing available supply in global markets.
3. Competitive Buying by Manufacturers
Fears of production disruptions have encouraged manufacturers to secure long-term supply in advance, keeping prices elevated.
Gold and Silver Performance Over the Past Year
The long-term numbers reveal why precious metals are attracting renewed interest from investors.
Price Growth in 2025
| Metal | Price on 31 Dec 2024 | Price on 31 Dec 2025 | Increase | Growth |
|---|---|---|---|---|
| Gold (10g) | ₹76,162 | ₹1,33,195 | ₹57,033 | 75% |
| Silver (1kg) | ₹86,017 | ₹2,30,420 | ₹1,44,403 | 167% |
These figures highlight how gold and silver significantly outperformed many traditional investment avenues during 2025.
Can Gold Reach ₹1.90 Lakh in 2026?
Market experts believe the rally may not be over yet. According to research analysts, if geopolitical tensions escalate further and tariff disputes intensify, gold could reach ₹1,90,000 per 10 grams during 2026. Silver, under similar conditions, could potentially touch ₹4 lakh per kilogram.
Such projections are based on a combination of sustained central bank demand, limited mining supply, and ongoing global economic uncertainty.
What Gold Price Today Means for Investors and Buyers
For long-term investors, the current rally reinforces gold’s role as a portfolio stabiliser. While short-term volatility cannot be ruled out, analysts believe dips could offer attractive buying opportunities.
For jewellery buyers, higher prices may lead to a temporary slowdown in demand, especially in urban markets. However, cultural and wedding-related buying is expected to continue providing a strong base.
Outlook: Gold Price Today and the Road Ahead
As global risks continue to mount and currencies face pressure, gold and silver are likely to remain in focus throughout 2026. Whether as a hedge against inflation, a safeguard against geopolitical risk, or a long-term store of value, precious metals are once again proving their relevance.
With Gold Price Today already at historic highs, market participants will closely watch currency movements, global politics, and central bank actions to gauge the next phase of this powerful rally.
