Gold Prices Drop: Geopolitical Tones & Profit Booking on 15 January 2026

Indian gold markets witnessed a notable downturn on January 15, 2026, with prices falling across major cities and futures contracts also showing a dip. The yellow metal experienced volatility on the Multi Commodity Exchange (MCX) as investors engaged in profit booking, contributing to the day's decline. This widespread drop has caught the attention of both jewelry shoppers and long-term investors alike, prompting questions about the metal's immediate future trajectory.

Today's price corrections were visible across various purities, with both 22K and 24K gold rates decreasing in key Indian metros like Delhi, Mumbai, Chennai, Kolkata, and Hyderabad. Reports indicated significant slashes in daily gold rates in cities such as Patna and Vijayawada. Gold futures for February delivery also moved downwards, reflecting the broader market sentiment. While gold saw a dip of ₹10, trading around ₹1,43,180 per 10 grams, silver showed a contrasting trend, climbing ₹100 to trade at ₹2,95,000 per kilogram.

Several factors contributed to today's downward pressure on gold prices. Globally, the strengthening US dollar made gold more expensive for holders of other currencies, dampening demand. A significant influence came from evolving geopolitical dynamics, specifically Donald Trump's perceived 'softer geopolitical tone,' which often reduces gold's appeal as a safe-haven asset. This sentiment, combined with profit booking by investors on the MCX after recent fluctuations, created a perfect storm for the yellow metal's decline. However, the looming uncertainty surrounding potential Trump Tariffs, and how a US Supreme Court move might impact them, continues to be a crucial factor for the Indian stock market, gold, and silver prices moving forward.

For Indian investors and jewelry shoppers, today's dip raises the perennial question: is it the right time to buy? While prices have softened, some market predictions suggest gold could eventually reach ₹1.5 lakh per 10 grams in the future, with silver potentially touching ₹3.2 lakh per kilogram. This indicates that despite short-term volatility, the long-term outlook for gold remains a subject of optimistic speculation for many. Those looking to purchase gold, whether for investment or consumption, should closely monitor global geopolitical developments, currency fluctuations, and domestic market trends to make informed decisions, potentially taking advantage of such dips.