Introduction
New Delhi/Mumbai: As India celebrates its 77th Republic Day, the gold market is witnessing fireworks of its own. While domestic commodity exchanges (MCX) remain closed for the national holiday, spot market indicators show gold prices holding firm at historic highs. On Monday, January 26, 2026, the price of 24K gold (99.9% purity) is trading in the range of ₹1,60,000 to ₹1,62,000 per 10 grams, driven by a massive global rally.
The Global Push: $5,000 Milestone
The domestic surge mirrors international trends where spot gold has crossed the psychological barrier of $5,000 per ounce.
- Why the Rise? Analysts attribute this “super-bull run” to aggressive safe-haven buying amidst rising geopolitical tensions and uncertainty surrounding US trade policies.
- Silver Surge: The white metal is not far behind, with silver prices touching a staggering ₹3,40,000 per kg in retail markets.
City-Wise Gold Rates (Jan 26, 2026)
Note: These are indicative retail prices for 10 grams. Actual prices may vary due to GST and making charges.
| City | 22K Gold (Jewellery) | 24K Gold (Pure) | 18K Gold |
| New Delhi | ₹1,47,050 | ₹1,60,410 | ₹1,20,340 |
| Mumbai | ₹1,46,900 | ₹1,60,260 | ₹1,20,190 |
| Chennai | ₹1,47,800 | ₹1,61,100 | ₹1,23,000 |
| Kolkata | ₹1,46,900 | ₹1,60,260 | ₹1,20,190 |
| Bangalore | ₹1,46,900 | ₹1,60,260 | ₹1,20,190 |
| Hyderabad | ₹1,46,900 | ₹1,60,260 | ₹1,20,190 |
| Ahmedabad | ₹1,46,950 | ₹1,60,310 | ₹1,20,230 |
Key Highlights: What Investors Should Know
- Market Status: The Multi Commodity Exchange (MCX) is closed for the entire day (both morning and evening sessions) on account of Republic Day. Trading will resume on Tuesday, Jan 27, at 9:00 AM.
- Buying Tip: With 22K gold hovering near ₹1.47 Lakh, jewellery buyers are advised to check “Making Charges” carefully, as they can add another 10-20% to the final bill.
FAQ Section
A: Gold prices in southern cities like Chennai often carry a slight premium (as seen in today’s rates) due to higher local demand and specific transportation/logistics costs relative to the western refining hubs.
A: Absolutely. With prices at lifetime highs, selling old jewellery now could yield maximum returns.
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AUTHORSHIP & TRANSPARENCY
- Source Transparency: “Rates derived from LiveMint and local bullion association indicators (Jan 26, 2026).”
- Community Question: “Do you think gold will touch ₹2 Lakh this year? Share your predictions.”
- Accountability Footer: “Found an error? Email kittonews@gmail.com.”
