Gold price today
The gold spot price, which is bought and sold for immediate delivery, stood just above $4,365 an ounce on January 1 (8:38 am IST), representing 1.27 percent gain from its previous close and a decline of 3.68 percent in a week. The spot price surged to its peak performance at Rs $4,546 on December 26.
The domestic futures price of gold on MCX closed the Thursday session at Rs 1,35,690 per 10 grams of 24-Carat purity. The trading in futures involves standardised contracts to buy and sell the precious metal at a predetermined price. The price is down 0.8 percent from its previous close at Rs 1,35,804. The gold futures price peaked on MCX at Rs 1,38,300 as recorded on December 26.
Meanwhile, the rupee stood at 89.891 against the U.S. dollar on Friday, representing a decline of 0.09 percent in a day and a gain of 0.11 percent in a week.
Gold prices vary by purity. Check out below to see the prices of gold based on its purity
| Gold Purity | Price (₹) |
|---|---|
| 10 Grams of 24K Purity | 1,35,070 |
| 10 Grams of 22K Purity | 1,23,810 |
| 10 Grams of 18K Purity | 1,01,300 |
Source: Goodreturns
City-wise gold prices in India today
Gold rates across India’s major cities showed remarkable uniformity, with only marginal differences due to local taxes, jeweller margins, and logistics costs.
| City | 24K (per gram) ₹ | 22K (per gram) ₹ | 18K (per gram) ₹ |
|---|---|---|---|
| Chennai | 13,613 | 12,439 | 10,374 |
| Mumbai | 13,507 | 12,381 | 10,130 |
| Delhi | 13,522 | 12,396 | 10,145 |
| Kolkata | 13,507 | 12,381 | 10,130 |
| Bangalore | 13,507 | 12,381 | 10,130 |
| Hyderabad | 13,507 | 12,381 | 10,130 |
| Kerala | 13,507 | 12,381 | 10,130 |
| Pune | 13,507 | 12,381 | 10,130 |
| Vadodara | 13,512 | 12,386 | 10,135 |
| Ahmedabad | 13,512 | 12,386 | 10,135 |
Source: Goodreturns
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How did gold perform in 2025?
The Augmont Bullion report published on December 31 noted that in 2025, gold surged 65 percent, indicating a year of tremendous gains and positioning the precious metal for its best yearly performance in more than four decades.
The report added that persistent geopolitical concerns, US interest rate decreases, sustained central bank purchases, and increased holdings in gold-backed ETFs all boosted gold prices. Silver achieved several milestones in 2025, thanks to its status as a vital US commodity, supply constraints, low stocks, and increased industrial and investment demand.
Read more: Why gold may remain a reliable wealth builder in 2026: 5 trends to watch
Outlook: Will gold continue its momentum this week?
The Augmont Bullion report predicts that gold prices will consolidate in the range of $4,320 (Rs 1,34,000) and $4,420 (Rs 1,37,000) after this sharp rally and sell-off this week.
“Meanwhile, the Federal Reserve’s December meeting minutes, released on Tuesday, showed that most officials believe more rate cuts are justified if inflation continues to decline, while they disagreed on the timing and extent of prospective reductions.
“On the geopolitical front, uncertainties around a Russia-Ukraine peace accord, rising hostilities in the Middle East, and tensions between the United States and Venezuela are driving up demand for the safe-haven commodity,” the report further stated.