Gold Rate Today – Key Prices (India)

The gold market in India continues to see significant gains, with prices rising sharply across purity levels. According to latest market rate feeds:

Gold Price per Gram (India – Jan 29, 2026)

• 24-carat gold: Rs.17,885 per gram (purest form)

• 22-carat gold: Rs. 16,395 per gram (most common for jewellery)

• 18-carat gold: Rs. 13,414 per gram

City-level examples:

• Chennai: 24K Rs.18,328/g, 22K Rs.16,800/g

• Hyderabad & Bangalore: similar elevated price levels around Rs.17,885/g for 24K

Across India, the price per 10 grams of 24-carat gold ranges around Rs.175,000 – Rs.178,000 today.

🌍 Global Gold Prices

Gold is also trading at elevated levels globally:

• Spot gold around $5,500+ per troy ounce as per international price charts.

• Futures markets show strong upward momentum with high trading ranges.

These global levels underpin the sharp rally seen in Indian domestic prices — especially given ongoing currency and macroeconomic influences.

What’s Driving the Rise in Gold Rates?

Several factors are contributing to the current record-breaking gold prices:

🔹 Weakness in the U.S. Dollar

A softer dollar makes gold — priced in dollars worldwide — more attractive and expensive in terms of rupees.

🔹 Safe-Haven Demand

Investors are increasingly turning to gold amid economic uncertainty and geopolitical tensions, which pushes up prices.

🔹 Strong Investment Flows

Global demand for gold — particularly ETFs and investment holdings — reached record highs in 2025, pushing prices even higher by early 2026.

🔹 Local Indian Dynamics

High import demand, seasonal purchasing (weddings, festivals), and currency fluctuations also elevate India's domestic gold rates.

Market Impacts & Reactions

Jewellery Demand Slows

At historic price levels (over Rs.1.6 lakh per 10g), jewellery buyers and even some retailers have paused purchases, shrinking physical demand.

Smuggling Shifts

Gold smuggling via traditional channels has fallen, as price parity between India and abroad narrows.

Investment Preference

Investors prefer gold ETFs and bars over jewellery when prices surge, which influences market structure and demand patterns.

Should You Buy Gold Now?

There’s no single answer — the decision depends on your goal:

For Investment

Gold is historically a hedge against inflation and volatility.
Record demand and price momentum could continue.

For Jewellery

⚠️ High prices mean greater cost per gram — waiting for a dip might be more economical.
⚠️ Consider purity and GST-inclusive costs when comparing alternatives.

For Loans or Selling

Higher gold prices increase the value of pledged gold and potential resale gains.

Today’s gold rates are at multi-year highs due to global safe-haven demand, weaker dollar, and strong investment flows. In India, prices have surged across all common purities, affecting buying behaviour and market dynamics. Whether you’re buying for investment or jewellery, stay updated on daily movements before making your decision.