Gold prices ease after record high; Check city-wise price here

According to traders, despite limited fluctuations in international markets, strong buying by jewelers, stockists, and retail investors at the domestic level has supported prices.

Post Published By: Sona Saini

Updated : 16 January 2026, 7:58 AM IST

Gold Surges for Fifth Straight Day Amid Strong Buying

New Delhi: Gold prices have been on a steady upward trend, but saw a slight pullback this morning. February gold futures on the Multi Commodity Exchange (MCX) slipped 0.48% to ₹1,42,434 per 10 grams. This comes after a strong rally in the previous session, when MCX gold futures touched a fresh all-time high of ₹1,43,173 per 10 grams.

IBJA and domestic market latest rates

According to the Indian Bullion and Jewellers Association (IBJA), the price of 24-carat gold on Friday morning was ₹1,42,015 per 10 grams. Meanwhile, 23-carat gold was recorded at ₹1,41,446, 22-carat gold at ₹1,30,086, 18-carat gold at ₹1,06,511, and 14-carat gold at ₹83,079 per 10 grams. Prices varied slightly across platforms, with some cities seeing higher rates.

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24k, 22k, and 18k gold prices across cities

In cities like Delhi, Lucknow, Jaipur, and Gurugram, 24-carat gold is selling at around ₹1,43,760 per 10 grams, while in Mumbai, Kolkata, and Bengaluru, it is around ₹1,43,610. Chennai saw the highest price, with 24-carat gold reaching ₹1,44,990 per 10 grams. 22-carat and 18-carat gold prices also remained high in the same proportion.

New record in the futures market

Gold futures for February delivery on the Multi Commodity Exchange (MCX) rose 0.65 percent to a record high of ₹1,43,173 per 10 grams. In the international market, gold prices also rose to $4,636.71 per ounce on COMEX, although a slight decline was recorded in the spot market.

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Why are gold prices rising?

According to traders, despite limited fluctuations in international markets, strong buying by jewelers, stockists, and retail investors at the domestic level has supported prices. Experts believe that global uncertainty, inflationary pressures, and demand for safe investments may continue to strengthen gold prices. Therefore, investors will be keeping an eye on the next level of gold in the coming days.