Gold prices in India witnessed a fresh uptick on Monday, January 6, continuing their positive momentum on the Multi Commodity Exchange (MCX). The surge is attributed to robust physical demand and escalating geopolitical tensions, which traditionally drive investors towards safe-haven assets like gold.
MCX Gold Climbs to Near ₹1.39 Lakh Mark
During the early trading session, the price of 24 karat gold on MCX increased by approximately 0.34%. At 10:45 am, the rate had jumped by ₹466 to reach ₹1,38,570 per 10 grams. This rise brings gold closer to the historic peak of ₹1,40,465 per 10 grams recorded in the final week of December. However, prices are currently consolidating near the ₹1,38,500 level as some investors engage in profit-booking following a remarkable rally in 2025.
City-Wise Gold Rates Reflect National Trend
The upward trend was mirrored across major Indian cities, with rates for 24K, 22K, and 18K gold all moving higher compared to the previous trading day.
Metropolitan Gold Prices on January 6
Mumbai: The financial capital saw its 24 karat gold price rise by ₹440 to ₹1,38,790 per 10 grams. The 22 karat variant was priced at ₹1,27,224, while 18 karat gold traded at ₹1,04,093.
Delhi: In the national capital, 24K gold increased by ₹440 to ₹1,38,550 per 10 grams. The price for 22 karat gold stood at ₹1,26,004, and 18 karat gold was valued at ₹1,03,913.
Kolkata: Prices here jumped by over 0.3%, with 24 karat gold gaining ₹430 to hit ₹1,38,600 per 10 grams. The 22K and 18K rates were ₹1,27,050 and ₹1,03,950 respectively.
Chennai: The southern metro recorded a 24 karat gold price of ₹1,39,180 per 10 grams, marking an increase of ₹430. The 22K and 18K prices were ₹1,27,582 and ₹1,04,385.
Other Major Cities:
- Bengaluru: 24K gold at ₹1,38,900 (up ₹440).
- Hyderabad: 24K gold at ₹1,39,000 (up ₹430).
- Ahmedabad: 24K gold at ₹1,38,960 (up ₹430).
Market Drivers and Investor Advisory
The primary factors fueling this price rise are healthy spot demand in the physical market and increased geopolitical uncertainties globally. These conditions often lead investors to seek the stability of gold. Market analysts note that while the long-term outlook remains supported by these fundamentals, short-term volatility is expected.
Disclaimer: This market update is for informational purposes only. The views mentioned are those of analysts or broking firms. Investors are strongly advised to consult with certified financial experts before making any investment decisions, as market conditions are subject to rapid change and individual circumstances vary.
