Gold Rate Today Hits All-Time High in India as Global Tensions Push Prices Up

Gold prices in India have surged to an all-time high today, continuing a powerful rally that has gathered momentum over the past three sessions. Since the recent price correction on January 9, gold has climbed sharply by nearly ₹3,800 per 10 grams — marking a cumulative rise of around 3% in just a few days. The steep upward movement has pushed gold rates to record territory, making purchases increasingly expensive for retail buyers.

Standard 22-carat gold, which is most commonly used for jewellery in India, has witnessed a dramatic escalation in prices. Over the past 12 months alone, 22K gold rates have soared by nearly 77%, reflecting sustained demand despite consistently rising prices. The relentless rally highlights gold’s growing appeal as both an investment and a safe-haven asset during uncertain times.

Global Gold Prices Hit Fresh Records

The strong uptrend is not limited to domestic markets. International gold prices have also surged to historic highs, with spot gold crossing the $4,600 per ounce mark earlier today. This sharp rise is being driven by heightened geopolitical tensions, particularly unrest in Iran following recent developments linked to Venezuela. These global uncertainties have prompted investors worldwide to shift capital into safe-haven assets such as gold and silver.

Market participants believe that continued geopolitical instability, combined with economic and monetary policy uncertainty in the United States, is likely to keep precious metal prices elevated in the near term.

Gold Rate in India Today – January 12 (Monday)

On Monday, January 12, gold prices across India recorded a sharp jump across all purity levels:

• 24-carat gold surged by ₹1,690 per 10 grams to reach ₹1,42,150

• 22-carat gold climbed ₹1,550 per 10 grams to ₹1,30,300

• 18-carat gold rose ₹780 per 10 grams to ₹72,130

In bulk pricing:

• 100 grams of 24K gold is now priced at ₹14,21,150

• 100 grams of 22K gold stands at ₹13,03,300

The rapid appreciation has raised concerns among jewellery buyers, while investors continue to benefit from gold’s strong upward momentum.

Silver Prices in India Today

Silver prices in India also witnessed a significant rally on Monday. The price of 1 kilogram of silver jumped by ₹10,000, reaching ₹2,70,000 per kg. Meanwhile, 100 grams of silver now costs ₹27,000, up by ₹1,000.

In just the last two trading sessions, silver prices have gained approximately ₹21,000 per kg, reflecting strong industrial and investment demand amid global uncertainty.

City-Wise Gold Prices Across Major Indian Metros

Gold prices across major cities remained largely in line with national averages:

Chennai

• 24K gold: ₹1,43,130 per 10 grams

• 22K gold: ₹1,31,200 per 10 grams

Bangalore

• 24K gold: ₹1,42,150 per 10 grams

• 22K gold: ₹1,30,300 per 10 grams

Hyderabad

• 24K gold: ₹1,42,150 per 10 grams

• 22K gold: ₹1,30,300 per 10 grams

Mumbai

• 24K gold: ₹1,42,150 per 10 grams

• 22K gold: ₹1,30,300 per 10 grams

MCX Gold and Silver Prices

Gold prices on the Multi Commodity Exchange (MCX) also scaled record highs. Gold futures for February 5 delivery surged 1.52% to trade near ₹1,40,930 per 10 grams, while silver futures for March 5 delivery remained volatile and were trading around ₹2,62,500 per kg, despite recent sharp gains.

Spot Gold and Silver Prices (International)

According to a Reuters report, spot gold rose 1.3% to $4,469.49 per ounce, after touching an intraday record of $4,600.33 per ounce. U.S. gold futures for February delivery climbed 2% to $4,591.10.

Spot silver also posted strong gains, rising 3.5% to $82.72 per ounce, continuing its bullish momentum in international markets.

Market Outlook for Gold Prices in India

A recent commodity outlook from the India Bullion and Jewellers Association (IBJA) noted that gold prices moved higher as traders evaluated the U.S. Federal Reserve’s interest rate outlook following mixed employment data. While job growth slowed in December, the unemployment rate edged lower, reinforcing expectations of potential interest rate cuts in 2026.

A lower interest-rate environment typically supports precious metals, and analysts believe this factor played a major role in gold’s strongest annual performance since 1979. Ongoing concerns surrounding the independence of the U.S. Federal Reserve and escalating protests in Iran have further intensified demand for gold and silver.

Gold Futures Rally to New Highs

Gold futures extended their rally on Monday, hitting fresh record levels both domestically and overseas as investors rushed toward safe-haven assets. On MCX, February gold futures jumped by ₹2,431 or 1.8%, reaching a lifetime high of ₹1,41,250 per 10 grams. Over the past week alone, gold has gained ₹3,058 or 2.25%.

In global markets, Comex gold for February delivery surged $111.8 or 2.5% to a record $4,612.7 per ounce, while silver futures climbed 5.8% to touch $83.90 per ounce, marking an all-time high.

Gold Prices in Key Indian Cities (Per Gram)

Delhi

• 22K gold: ₹13,045 (up ₹155)

• 24K gold: ₹14,230 (up ₹169)

Ahmedabad

• 22K gold: ₹13,035 (up ₹155)

• 24K gold: ₹14,220 (up ₹169)

Chennai

• 22K gold: ₹13,120 (up ₹220)

• 24K gold: ₹14,313 (up ₹348)