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Gold prices in Delhi climbed again on Wednesday, extending their early-January rally. With rates hovering near recent highs and demand building, buyers face a key question: buy now or wait for a dip? The trend may hold clues.
Gold prices climb in Delhi on Wednesday
New Delhi: Gold prices in the national capital moved higher today, continuing their upward momentum seen over the past week. As per the latest rates, 24 karat gold is priced at ₹13,963 per gram, while 22 karat gold is trading at ₹12,800 per gram. 18 karat gold, commonly used for lightweight jewellery, stands at ₹10,476 per gram.
An analysis of gold prices in Delhi over the last 10 days reveals considerable volatility, but with a clear upward bias in early January. After witnessing a sharp correction at the end of December, gold rebounded strongly from January 1 onward. Between January 1 and January 7, 24K gold gained over ₹440 per gram, while 22K gold rose by around ₹405 per gram.
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The most significant jump was recorded on January 5, when prices surged by more than ₹200 per gram in a single day. Since then, gold has continued to post incremental gains, reflecting firm buying interest in the domestic market.
| Date | 24K Gold (₹/gm) | Change | 22K Gold (₹/gm) | Change |
|---|---|---|---|---|
| Wed, Jan 07, 2026 | ₹13,963 | +66 | ₹12,800 | +60 |
| Tue, Jan 06, 2026 | ₹13,897 | +60 | ₹12,740 | +55 |
| Mon, Jan 05, 2026 | ₹13,837 | +240 | ₹12,685 | +220 |
| Sun, Jan 04, 2026 | ₹13,597 | 0 | ₹12,465 | 0 |
| Sat, Jan 03, 2026 | ₹13,597 | −38 | ₹12,465 | −35 |
| Fri, Jan 02, 2026 | ₹13,635 | +114 | ₹12,500 | +105 |
| Thu, Jan 01, 2026 | ₹13,521 | +17 | ₹12,395 | +15 |
| Wed, Dec 31, 2025 | ₹13,504 | −131 | ₹12,380 | −120 |
| Tue, Dec 30, 2025 | ₹13,635 | −305 | ₹12,500 | −280 |
| Mon, Dec 29, 2025 | ₹13,940 | −317 | ₹12,780 | −295 |
Market participants attribute the rise in gold prices to a combination of global and domestic factors. Internationally, economic uncertainty and cautious investor sentiment have supported demand for safe-haven assets such as gold. Domestically, a slightly weaker rupee and steady demand from jewellers ahead of the wedding season have added to price strength.
Additionally, investors are increasingly viewing gold as a hedge against inflation and market volatility, which has further supported prices in recent sessions.
For jewellery buyers, current prices may appear elevated, but they are largely in line with seasonal trends. With demand expected to pick up further in the coming weeks, delaying purchases could result in higher costs if prices continue to climb.
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For investors, gold is currently trading near its recent highs, suggesting limited upside in the very short term. However, from a long-term perspective, gold continues to remain a reliable store of value. Financial experts recommend a staggered buying approach, allowing investors to average costs and reduce exposure to short-term price swings.
Looking ahead, gold prices are expected to remain firm, though short-term fluctuations cannot be ruled out. Global economic cues and currency movements will continue to influence domestic rates.
Gold’s steady rise reinforces its appeal as both a safe-haven asset and a cultural investment. While prices are high, need-based buyers can consider purchasing, and investors should adopt a cautious, phased strategy to navigate current market levels.
