Gold prices in India on January 31, 2026, remain near record highs, with 24K gold trading at approximately ₹1,69,190 per 10 grams, showing only a marginal decline from the previous session. This reflects a broadly bullish trend that has dominated January 2026, even as intraday volatility and minor profit-booking phases continue.
The current level is supported by firm international prices and resilient domestic demand, keeping spot gold well above its long-term averages. While the most recent move has been slightly negative on a day-on-day basis, prices are still elevated compared to earlier in the month, and traders remain alert to fresh global cues that could push the metal to new peaks.
Major trends include mild daily pullbacks within an overall upward structure, with price action influenced by central bank buying, macro uncertainty, and a still‑favourable real rate backdrop. If the dollar and global yields firm up further, some additional cooling in rupee gold cannot be ruled out; however, safe‑haven flows continue to provide a solid floor.
Gold prices in India on January 31, 2026
As of today, gold prices in India have softened slightly but remain strong due to ongoing safe-haven demand and elevated global benchmarks. The cost of 24K gold is priced at ₹16,919 per 1 gram, while 22K gold is ₹15,509 per 1 gram and 18K gold at ₹12,689 per 1 gram.
Gold Rate Comparison: Last 7 Days (per gram)
|
Date |
24K Gold Price (₹ per gram) |
Change from Previous Day (₹) |
% Change (approx.) |
Key Notes / Trend |
|---|---|---|---|---|
|
31 January 2026 |
₹16,919 |
-₹1 |
-0.01% |
Minor dip, prices still near highs |
|
30 January 2026 |
₹16,920 |
+₹? (prev.) |
Flat to mildly positive |
Stability after strong January rally |
|
29 January 2026 |
₹16,800–₹16,900 (indicative) |
Moderate rise |
+0.5–0.8% |
Uptrend resumes toward new highs |
|
28 January 2026 |
₹16,600–₹16,700 (indicative) |
+₹150–₹200 |
+0.9–1.2% |
Renewed buying interest |
|
27 January 2026 |
₹16,400–₹16,500 (indicative) |
+₹100–₹150 |
+0.6–0.9% |
Momentum builds near peaks |
|
26 January 2026 |
₹16,250–₹16,350 (indicative) |
+₹150–₹200 |
+0.9–1.2% |
Support from global cues |
|
25 January 2026 |
₹16,050–₹16,150 (indicative) |
Baseline |
– |
High base after mid‑January surge |
Gold Rate Comparison: Last 7 Days (per 10 grams)
The following table shows the gold rates per 10 grams for 24K, 22K, and 18K gold over the last 7 days, based on averaged data from reliable sources. Prices have remained volatile but broadly elevated, with roughly 1–2% movement around record bands as of January 31.
|
Date |
24K (₹) |
22K (₹) |
18K (₹) |
|---|---|---|---|
|
Jan 31, 2026 |
1,69,190 |
1,55,090 |
1,26,890 |
|
Jan 30, 2026 |
1,69,200 |
1,55,100 |
1,26,900 |
|
Jan 29, 2026 |
~1,68,000 |
~1,54,000 |
~1,25,500 |
|
Jan 28, 2026 |
~1,66,800 |
~1,52,900 |
~1,24,500 |
|
Jan 27, 2026 |
~1,65,000 |
~1,51,500 |
~1,23,500 |
|
Jan 26, 2026 |
~1,63,500 |
~1,50,200 |
~1,22,500 |
|
Jan 25, 2026 |
~1,61,500 |
~1,48,800 |
~1,21,200 |
City-Wise Gold Rates - January 31, 2026 (per 10 grams)
Indicative gold rates per 10 grams on January 31, 2026, vary slightly across major cities due to local taxes, transportation costs, and demand dynamics. Chennai and Hyderabad often show marginally higher rates, while Mumbai and Delhi remain close to pan‑India benchmarks. The table below provides rates for 24K, 22K, and 18K gold based on the latest indicative averages.
|
City |
24K (₹) |
22K (₹) |
18K (₹) |
|---|---|---|---|
|
Mumbai |
1,69,190 |
1,55,090 |
1,26,890 |
|
Delhi |
~1,69,300 |
~1,55,200 |
~1,26,950 |
|
Chennai |
~1,70,000 |
~1,56,000 |
~1,28,000 |
|
Kolkata |
1,69,190 |
1,55,090 |
1,26,890 |
|
Bangalore |
~1,69,250 |
~1,55,100 |
~1,26,900 |
|
Hyderabad |
1,69,190 |
1,55,090 |
1,26,890 |
|
Ahmedabad |
~1,69,250 |
~1,55,150 |
~1,26,920 |
Why Gold Prices Increased in Recent Days
Gold prices have primarily increased due to a combination of international and domestic factors:
Gold prices in India have continued to hover near historic highs through the end of January, with only very small daily corrections, because of overlapping global and local drivers. Internationally, ongoing geopolitical tensions, concerns over global growth, and persistent tariff and policy risks have reinforced gold’s status as a safe‑haven asset, lifting spot prices and feeding into the Indian market.
Central banks, particularly in emerging markets, have maintained robust gold purchases to diversify reserves away from major currencies, keeping underlying demand strong. Expectations that major central banks may eventually cut rates, alongside periods of dollar softness, have further supported bullion as yields on competing assets look less attractive.
Domestically, the rupee’s sensitivity to global risk sentiment and capital flows has meant that any depreciation quickly translates into higher landed costs for imported gold, amplifying international price moves. Solid investor interest, both via physical buying and financial products, has also underpinned prices even in the absence of large festival‑driven jewellery demand.
Short‑term declines on select days have typically followed brief rebounds in the dollar or profit‑taking after sharp rallies, but these pullbacks have so far been shallow compared to the overall climb. With inflation worries and broader macro uncertainty still in focus, gold remains a preferred hedge, keeping 24K rates well above ₹1.65 lakh per 10 grams as of January 31, 2026.
Disclaimer
Gold prices mentioned in this article are based on publicly available market data and may vary by city, jeweller, and time of day. Rates for 22K and 24K gold on MCX and in major cities like Delhi, Mumbai, Hyderabad, Chennai and Bangalore are indicative only. Always confirm with your local jeweller or official price source before buying or selling.
