Gold Market Recap: Indian Prices Hit Record Highs Amid Safe-Haven Surge on January 12, 2026
Indian gold prices surged to unprecedented levels today, hitting ₹1.42 Lakh per 10g on MCX. Global safe-haven demand, fueled by geopolitical events, drove this historic rally.
💰 India Gold Rate on 12 January 2026
| Purity | Per Gram | Per 10g | Change |
|---|---|---|---|
| 24K Gold | ₹14,216INR | ₹1,42,160 | ↑ ₹171 |
| 22K Gold | ₹13,031 | ₹1,30,310 | ↑ ₹157 |
| 18K Gold | ₹10,662 | ₹1,06,620 | — |
Source: GoldMeter.in • Historical data for reference only
⚡ Key Highlights
- 1MCX Gold soared to a record ₹1.42 Lakh per 10g, with silver also surging.
- 2Global bullion prices topped $4,600, propelled by strong safe-haven buying.
- 322K and 24K gold rates saw significant jumps across major Indian cities.
- 4Geopolitical concerns, including Powell subpoenas, fueled investor demand globally.
- 5Outlook suggests continued volatility and potential for further price appreciation.
Today, January 12, 2026, marked a historic day for gold and silver in India and globally, as both precious metals surged to unprecedented levels. MCX gold futures touched an all-time high of ₹1.42 Lakh per 10 grams, while silver also witnessed a remarkable rally, reaching ₹2.68 Lakh per kilogram. This record-breaking movement was primarily driven by intense safe-haven buying, as investors flocked to traditional assets amidst rising global uncertainties.
The daily jump on MCX was substantial, with gold climbing ₹3,500 per 10g and silver rallying ₹15,500 per kg, reflecting significant market momentum. This strong domestic performance mirrored the global market, where bullion prices soared past the $4,600 mark. Consequently, 24K and 22K gold rates experienced considerable increases across all major Indian cities, including Chennai, Mumbai, Delhi, Kolkata, and Hyderabad, pushing them to new all-time highs for consumers and jewelers alike.
The primary catalyst for this surge was heightened safe-haven demand, with headlines pointing to global geopolitical developments, specifically mentioning "Powell subpoenas," contributing to investor apprehension. Market analysts also noted that anticipation surrounding a potential US Supreme Court decision on tariffs in the near future could be influencing buying sentiment, as investors seek to hedge against economic uncertainties and currency fluctuations. The overall sentiment remains one of caution and a flight to safety.
For Indian investors and jewelry shoppers, the current environment presents a complex picture. While gold has already seen a significant rise of 2.50% in 2026, experts suggest that the upward trajectory could continue into February, making it a crucial period for decision-making. Those looking to buy gold, whether for investment or personal use, should remain vigilant, keeping an eye on global events and expert predictions, as the market is poised for continued volatility and potentially further record-breaking movements.