Gold prices in India have soared to unprecedented levels, marking a significant milestone in the precious metals market. On Friday, January 23, 2026, the yellow metal rebounded strongly after a brief dip, driven by shifting global dynamics and robust investor demand.
Record-Breaking Surge in Gold Prices
According to data from GoodReturns, the price of 24-karat gold in India today has surged by an impressive ₹5,400 per 10 grams, breaking past previous highs. This upward momentum reflects a broader trend of increasing gold valuations, with prices extending their strong performance over recent sessions.
Carat-Wise Gold Rates in India
As of today, the gold rates per 10 grams across different carats are as follows:
- 24-carat gold: ₹159,710, up by ₹5,400
- 22-carat gold: ₹146,400, up by ₹4,950
- 18-carat gold: ₹119,780, up by ₹4,050
24-karat gold, known for its high purity, is primarily favored for investment purposes, while 22-karat and 18-karat gold are commonly used in jewellery making due to their durability and aesthetic appeal.
City-Wise Gold Prices Per Gram
Gold rates vary slightly across major Indian cities. Here is a detailed breakdown of today's prices per gram:
- Chennai: 24K at ₹15,982, 22K at ₹14,650, 18K at ₹12,220
- Mumbai: 24K at ₹15,971, 22K at ₹14,640, 18K at ₹11,978
- Delhi: 24K at ₹15,986, 22K at ₹14,655, 18K at ₹11,993
- Kolkata: 24K at ₹15,971, 22K at ₹14,640, 18K at ₹11,978
- Bangalore: 24K at ₹15,971, 22K at ₹14,640, 18K at ₹11,978
- Hyderabad: 24K at ₹15,971, 22K at ₹14,640, 18K at ₹11,978
- Kerala: 24K at ₹15,971, 22K at ₹14,640, 18K at ₹11,978
- Pune: 24K at ₹15,971, 22K at ₹14,640, 18K at ₹11,978
- Vadodara: 24K at ₹15,976, 22K at ₹14,645, 18K at ₹11,983
- Ahmedabad: 24K at ₹15,976, 22K at ₹14,645, 18K at ₹11,983
Market Context and Trends
The rebound in gold prices today comes after a slight decline yesterday, attributed to decreasing tensions in regions like Greenland. This volatility underscores the sensitivity of gold markets to geopolitical factors and global economic conditions. Investors and consumers alike are closely monitoring these fluctuations, as gold remains a key asset for wealth preservation and portfolio diversification.
With prices reaching new peaks, experts advise staying informed about daily rate changes to make timely decisions, whether for investment or jewellery purchases. The current surge highlights gold's enduring appeal as a safe-haven asset in uncertain times.
