Gold prices in India soared to a fresh record high on Tuesday, January 20, 2026. The precious metal extended its strong upward trend, driven by rising global trade tensions that boosted demand for safe-haven assets. This surge follows a positive movement from the previous day, with rates climbing further across all carat categories.
Gold Prices Per Gram in India Today
The price of 24-karat gold, known for its high purity and investment appeal, increased significantly. It rose to Rs 14,728 per gram, marking a jump of Rs 104 from Monday's rate of Rs 14,624. Similarly, 22-karat gold, commonly used in jewellery, advanced to Rs 13,500 per gram, up Rs 95 from Rs 13,405. The rate for 18-karat gold also saw a rise, reaching Rs 11,046 per gram, an increase of Rs 78 from Rs 10,968.
City-Wise Gold Rates for January 20
Gold prices vary slightly across different Indian cities due to local factors like taxes and demand. Here is a detailed breakdown of today's rates per gram in major urban centers:
- Chennai: 24K at ₹14,848, 22K at ₹13,610, 18K at ₹11,355
- Mumbai: 24K at ₹14,728, 22K at ₹13,500, 18K at ₹11,046
- Delhi: 24K at ₹14,743, 22K at ₹13,515, 18K at ₹11,061
- Kolkata: 24K at ₹14,728, 22K at ₹13,500, 18K at ₹11,046
- Bangalore: 24K at ₹14,728, 22K at ₹13,500, 18K at ₹11,046
- Hyderabad: 24K at ₹14,728, 22K at ₹13,500, 18K at ₹11,046
- Kerala: 24K at ₹14,728, 22K at ₹13,500, 18K at ₹11,046
- Pune: 24K at ₹14,728, 22K at ₹13,500, 18K at ₹11,046
- Vadodara: 24K at ₹14,733, 22K at ₹13,505, 18K at ₹11,051
- Ahmedabad: 24K at ₹14,733, 22K at ₹13,505, 18K at ₹11,051
Factors Driving the Gold Price Surge
Global trade tensions have escalated recently, prompting investors to seek safer assets. Gold, as a traditional safe-haven, benefits from such uncertainties. The increased demand pushes prices higher, reflecting its role in portfolio diversification. In India, this trend aligns with the ongoing festive and wedding seasons, which typically boost jewellery purchases.
Market analysts note that 24-karat gold is primarily bought for investment purposes due to its purity. In contrast, 22-karat and 18-karat gold are more popular for jewellery making, catering to consumer preferences for durability and design. The price differences between carats highlight these distinct uses, with 24K commanding a premium.
Looking ahead, experts suggest monitoring international markets and domestic economic indicators. Any further escalation in global conflicts or changes in monetary policies could influence gold rates. For now, the record highs indicate strong investor confidence in the metal's value retention.
Consumers planning to buy gold should check local rates regularly, as prices can fluctuate daily. Comparing rates across cities might help secure better deals, especially for bulk purchases during peak seasons.
