Gold Rate Today in India 2026-01-23- Check 22K, 24K Live Gold Price

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Gold Rate Today in India: 23 January 2026 - Check Latest 22 & 24 Carat Gold Prices in Major Cities

Gold rate today in India shows an upward trend across major cities as investors closely monitor global market trends and geopolitical developments. Whether you're planning to purchase gold jewellery, invest in gold coins, or simply stay informed about the precious metal market, knowing the current gold prices is essential for making sound financial decisions.

Today's Gold Rate in India - Quick Overview

Note: Gold rates increased today with 24K gold up by ₹540, 22K gold up by ₹495, and 18K gold up by ₹405 per gram. The above rates are indicative and do not include GST, TCS, and other levies.

Gold Rate Today in Major Indian Cities (23 January 2026)

Here's a comprehensive breakdown of gold rate today 22 carat and gold rate today 24 carat across 15 major cities in India:

Rates may vary slightly based on local taxes, transportation costs, and making charges. Data as of January 23, 2026.

Latest Gold Price News: Why Are Gold Rates Rising Today?

The gold rate today in India has witnessed a significant increase, with 24-carat gold rising by ₹540 per gram, 22-carat gold up by ₹495 per gram, and 18-carat gold gaining ₹405 per gram. This upward movement comes as global uncertainty continues to drive safe-haven demand for precious metals.

Gold prices in India currently stand at ₹15,971 per gram for 24K gold and ₹14,640 per gram for 22K gold, reflecting strong buying interest from investors and jewellers ahead of the upcoming wedding season. International gold prices have been hovering near record highs, with spot gold trading above $4,850 per ounce in global markets.

Key Factors Influencing Gold Prices in January 2026:

Geopolitical Tensions: Ongoing global uncertainties and policy shifts in major economies continue to support gold's appeal as a safe-haven asset. Political developments in Europe and policy announcements from the United States have created volatility in financial markets, pushing investors toward gold.

Central Bank Demand: Major financial institutions predict central banks will purchase around 755 tonnes of gold in 2026, maintaining elevated buying levels. Asian central banks, particularly in China and India, continue accumulating gold as a hedge against currency volatility and to diversify their foreign exchange reserves.

Investment Flows: Analysts expect approximately 250 tonnes of inflows into gold ETFs during 2026, with bar and coin demand projected to exceed 1,200 tonnes annually, reflecting robust retail investor interest globally.

Rupee-Dollar Movement: The exchange rate between the Indian Rupee and US Dollar significantly impacts domestic gold prices. Any depreciation in the rupee makes gold imports costlier, pushing up local prices even when international rates remain stable.

Inflation Concerns: With inflation data showing fluctuations and central banks worldwide adjusting monetary policies, gold maintains its traditional appeal as a hedge against economic uncertainty and currency devaluation.

Understanding Different Gold Purity Grades

Gold Rate Today 24 Carat

24-carat gold represents the purest form of gold available in the market, containing 99.9% pure gold with minimal or no alloy metals. Currently priced at ₹15,971 per gram, 24K gold is softer and less suitable for intricate jewellery designs due to its malleability. It's primarily purchased in the form of gold coins, bars, and digital gold for investment purposes. The gold rate today 24 carat increased by ₹540 compared to the previous day.

Gold Rate Today 22 Carat

22-carat gold (also known as 916 gold) contains 91.6% pure gold mixed with other metals like copper or silver for added strength and durability. Trading at ₹14,640 per gram today (up ₹495), this is the most popular choice for gold jewellery in India, offering an ideal balance between purity, durability, and workability. The gold rate today 22 carat is naturally lower than 24K gold due to reduced gold content, but it's perfect for crafting intricate designs that maintain their shape over time.

Gold Rate Today 18 Carat

18-carat gold contains 75% pure gold and 25% alloy metals, making it more affordable and durable than higher-purity gold. Currently at ₹11,978 per gram (up ₹405), it's gaining popularity among younger buyers seeking contemporary jewellery designs. The gold rate today 18 carat appeals to buyers looking for budget-friendly options without compromising too much on gold content.

What Affects Daily Gold Rate Variations Across Cities?

The gold rate today varies across different Indian cities due to several interconnected factors:

• Local Taxes and Levies: State-specific taxes, octroi charges, and municipal levies create price differences between cities. States with higher local taxes typically see elevated gold prices.
• GST Impact: A uniform 3% GST applies to gold purchases nationwide, with an additional 5% GST on making charges for jewellery craftsmanship.
• Import Duties: Custom duty on gold currently stands at 6%, affecting overall pricing uniformly across India, though port cities may have marginal advantages.
• Transportation Costs: Distance from major import hubs like Mumbai, Delhi, and Chennai affects the final retail price. Cities farther from these hubs typically have slightly higher prices due to logistics costs.
• Demand-Supply Dynamics: Regional festivals, wedding seasons, and local demand patterns influence pricing. South Indian cities often see higher demand during specific festivals, creating temporary price pressures.
• Making Charges: These vary significantly by city and jeweller, typically ranging from 8% to 25% of the gold value depending on design complexity.

Gold Investment Options in India (2026)

Beyond physical gold, Indian investors have several modern alternatives to consider:

Sovereign Gold Bonds (SGBs): Issued by the Reserve Bank of India, these government securities offer dual benefits of gold price appreciation plus approximately 2.5% annual interest paid semi-annually. SGBs have an 8-year maturity with exit option from the 5th year, and provide capital gains tax exemption on maturity.

Gold ETFs: Traded on stock exchanges like any other stock, Gold Exchange Traded Funds offer high liquidity and represent ownership in gold without the hassles of physical possession. They eliminate concerns about storage, purity verification, and theft while charging minimal expense ratios.

Digital Gold: Enables investors to buy gold online in small denominations starting from as low as ₹1, offering maximum convenience and flexibility. Major platforms provide 24K gold with assured purity, doorstep delivery options, and the ability to convert holdings into physical gold or jewellery.

Gold Mutual Funds: These funds invest primarily in Gold ETFs and gold mining companies, providing portfolio diversification and professional fund management. They're suitable for investors seeking gold exposure without directly buying the metal.

Physical Gold: Traditional options include jewellery, coins, and bars. While jewellery has emotional and cultural value, investment-grade gold coins and bars from certified sources like banks and authorized dealers offer better value retention. Remember to verify BIS hallmarking and keep proper purchase documentation.

Gold Price Forecast for 2026

Financial experts maintain a bullish outlook on gold for 2026, with several major institutions projecting significant price appreciation:

• JP Morgan forecasts gold prices could reach $5,000 per ounce by the fourth quarter of 2026, with potential to hit $6,000 in the longer term driven by central bank buying and geopolitical uncertainties.
• HSBC predicts gold could touch $5,050 per ounce in the first half of 2026, supported by dovish monetary policies and inflation concerns.
• Goldman Sachs maintains a positive stance, citing continued central bank diversification away from dollar assets.
• Retail investor surveys indicate 71% expect gold to trade above $5,000 per ounce during 2026.

In Indian rupee terms, if international prices reach $5,000 per ounce and assuming the rupee trades around ₹84-85 per dollar, domestic gold prices could potentially touch ₹17,000-₹18,000 per gram for 24K gold by late 2026, though with periodic corrections based on global cues.

Tips for Buying Gold in India

Verify Hallmark Certification: Always check for BIS hallmark certification to ensure purity and quality. Post-January 2023, mandatory hallmarking applies to gold jewellery. Verify the hallmarking centre's licence status on the official BIS Care app or website.

Understand Making Charges: Making charges for gold jewellery in India typically range from 8% to 25% of the gold value, depending on design complexity, craftsmanship, and brand. Simple designs have lower charges while intricate work commands premium rates. Negotiate these charges as they're often flexible.

Check GST and TCS: Factor in 3% GST on gold value and TCS (Tax Collected at Source) at 1% for purchases exceeding ₹10 lakhs in cash or ₹50 lakhs through other modes in a financial year. This TCS can be claimed as credit while filing income tax returns.

Compare Prices: Gold rates vary between cities and jewellers due to making charges and local factors. Compare prices from multiple authorized dealers before making large purchases, especially for jewellery.

Buy from Authorized Dealers: Purchase only from authorized and reputed jewellers to ensure quality, proper hallmarking, and transparent pricing. Keep all purchase bills safely for future reference and resale purposes.

Consider Timing: While timing the market perfectly is difficult, monitoring trends during off-season periods or when prices dip temporarily can offer better value. Major festivals and wedding seasons typically see premium pricing due to high demand.

Plan for Long-Term: Gold performs best as a long-term investment (5+ years). Avoid buying gold on credit or for short-term trading unless you're an experienced market participant.

Conclusion

The gold rate today in India shows a positive trend across all major cities, with 24-carat gold priced at ₹15,971 per gram (up ₹540), 22-carat gold at ₹14,640 per gram (up ₹495), and 18-carat gold at ₹11,978 per gram (up ₹405). This upward movement reflects strong global safe-haven demand and positive sentiment in precious metals markets.

Whether you're looking to buy gold for weddings, festivals, or investment purposes, staying updated with the latest gold rate today 24 carat, gold rate today 22 carat, and gold rate today 18 carat helps you make informed decisions. Consider your investment goals, budget, and the various options available—from traditional physical gold to modern alternatives like SGBs, Gold ETFs, and digital gold—to build a diversified portfolio.

With major financial institutions projecting gold prices to potentially reach $5,000 per ounce or higher in 2026, the precious metal continues to offer attractive prospects for long-term wealth preservation and portfolio diversification.

Disclaimer: Gold prices are subject to market fluctuations and may change multiple times throughout the day. The rates mentioned are indicative based on data from January 23, 2026, and do not include GST, TCS, making charges, or other applicable levies. Always verify current rates with authorized jewellers before making a purchase. Making charges can significantly impact the final price of jewellery.

Stay Updated: Bookmark this page for daily updates on gold rate today in India across all major cities. For the most accurate and up-to-date prices, consult with authorized hallmarked jewellers and check official commodity exchange rates on MCX.