Image Source: WOWNEWS24X7
On January 29, 2026, gold prices in India climbed sharply, with 24K gold at ₹179,550 per 10 grams, 22K at ₹164,588, and 18K at ₹13,414 per gram. Rates varied across major cities including Delhi, Mumbai, Chennai, Bengaluru, and Hyderabad, reflecting global bullion trends and domestic demand pressures.
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Gold prices in India witnessed a notable surge on Thursday, January 29, 2026, reflecting strong international bullion cues and heightened domestic demand. The 24K gold rate touched ₹179,550 per 10 grams, marking a gain of ₹12,650 compared to the previous close. Meanwhile, 22K gold stood at ₹164,588 per 10 grams, and 18K gold was priced at ₹13,414 per gram.
Key highlights:
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City-wise trends: In Delhi and Mumbai, 24K gold hovered near ₹179,550 per 10 grams, while Chennai and Bengaluru recorded similar levels, underscoring nationwide consistency. Hyderabad also reported comparable prices, reflecting uniformity across metros.
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Global comparison: Gold in India continues to trade at a premium compared to Dubai, with a difference of nearly 11.7%, driven by import duties and local levies.
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Market drivers: Prices are being shaped by international spot gold rates, US dollar fluctuations, and investor appetite for safe-haven assets amid global uncertainties.
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Domestic demand: Seasonal factors such as weddings and festivals are adding to local demand, further supporting elevated price levels.
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Investor perspective: With gold up nearly 20% year-to-date, analysts highlight its role as a hedge against inflation and currency volatility, making it a preferred asset for both retail buyers and institutional investors.
The sharp rise in gold prices underscores India’s dual role as one of the world’s largest consumers and a key market influenced by global macroeconomic shifts. For households, the surge impacts jewellery affordability, while for investors, it reinforces gold’s status as a resilient store of value.
Sources: Financial Express, Times Now, Daily Financial
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