Gold Prices Witness Notable Decline Across India on January 30
The bullion market in India experienced a downward correction on Friday, January 30, 2026, with gold prices recording a significant drop across all purity levels. This decline comes after a period of substantial gains, where gold had reached an all-time peak earlier in January 2026, marking an impressive rise of almost 20 per cent. Historically, gold has been regarded as a reliable hedge against inflation, attracting investors seeking a stable asset amidst economic fluctuations.
Carat-Wise Gold Rate Per Gram in India
Today's gold rates in India reflect a uniform decrease, impacting various carat categories used for different purposes. The price of 24-karat gold, known for its high purity and primarily purchased for investment, fell by ₹823 to settle at ₹17,062 per gram. Similarly, 22-karat gold, commonly used in jewellery making, dropped by ₹755 to ₹15,640 per gram. The 18-karat gold, also popular for jewellery, saw a correction of ₹617, reaching ₹12,797 per gram.
Gold Price Today in Major Indian Cities (Per Gram)
Here is a detailed breakdown of gold prices across key metropolitan and regional hubs in India as of January 30, 2026:
- Chennai: 24K at ₹17,673, 22K at ₹16,200, 18K at ₹13,500
- Mumbai: 24K at ₹17,062, 22K at ₹15,640, 18K at ₹12,797
- Delhi: 24K at ₹17,077, 22K at ₹15,655, 18K at ₹12,812
- Kolkata: 24K at ₹17,062, 22K at ₹15,640, 18K at ₹12,797
- Bangalore: 24K at ₹17,062, 22K at ₹15,640, 18K at ₹12,797
- Hyderabad: 24K at ₹17,062, 22K at ₹15,640, 18K at ₹12,797
- Kerala: 24K at ₹17,062, 22K at ₹15,640, 18K at ₹12,797
- Pune: 24K at ₹17,062, 22K at ₹15,640, 18K at ₹12,797
- Vadodara: 24K at ₹17,067, 22K at ₹15,645, 18K at ₹12,802
- Ahmedabad: 24K at ₹17,067, 22K at ₹15,645, 18K at ₹12,802
- Jaipur: 24K at ₹17,077, 22K at ₹15,655, 18K at ₹12,812
- Lucknow: 24K at ₹17,077, 22K at ₹15,655, 18K at ₹12,812
- Patna: 24K at ₹17,067, 22K at ₹15,645, 18K at ₹12,802
- Nagpur: 24K at ₹17,062, 22K at ₹15,640, 18K at ₹12,797
- Chandigarh: 24K at ₹17,077, 22K at ₹15,655, 18K at ₹12,812
- Surat: 24K at ₹17,067, 22K at ₹15,645, 18K at ₹12,802
- Bhubaneswar: 24K at ₹17,062, 22K at ₹15,640, 18K at ₹12,797
This city-wise data highlights that while most cities, including Mumbai, Kolkata, Bangalore, Hyderabad, Kerala, Pune, Nagpur, and Bhubaneswar, share identical rates for 24K, 22K, and 18K gold, others like Chennai, Delhi, Vadodara, Ahmedabad, Jaipur, Lucknow, Patna, Chandigarh, and Surat show slight variations, reflecting local market dynamics and demand-supply factors.
Market Insights and Future Outlook
The recent dip in gold prices underscores the volatile nature of the precious metals market, influenced by global economic trends, currency fluctuations, and domestic demand. Despite today's decline, gold remains a favored asset for long-term investment and jewellery, with its historical performance as an inflation hedge continuing to attract buyers. Investors and consumers are advised to monitor daily updates for informed decisions, as prices may fluctuate based on international cues and local market conditions.
