Gold Prices Hit New Records Across India on 24 January 2026

The Indian gold market witnessed an extraordinary day on January 24, 2026, as prices surged to unprecedented record highs across the nation. Both seasoned investors and everyday jewelry shoppers found themselves navigating a market where the yellow metal demonstrated remarkable upward momentum, reflecting a significant shift in value.

Gold prices soared across major Indian cities, with 10 grams of 24-carat gold hitting a notable ₹155,963 according to live market updates. Further reports indicated that prices touched ₹1.57 lakh per 10 grams in various locations, signifying a widespread and substantial increase. This record-breaking rally wasn't confined to gold alone; silver also experienced a dramatic surge, crossing the ₹3.6 lakh mark, setting new benchmarks for both precious metals. The momentum was palpable, with MCX futures for gold also reaching record levels, particularly noted in cities like Chennai, underscoring the broad-based nature of this price explosion.

This robust domestic performance was strongly influenced by a powerful global rally. International gold prices continued their impressive ascent, climbing above $4,967 per ounce. Market analysts are now closely monitoring the commodity, anticipating a potential breakthrough of the $5,000 milestone in the very near future if current trends persist. While specific detailed reasons for today’s sharp global rise were not immediately available, the sustained strength in international markets undeniably provided a strong tailwind for Indian prices, pushing them into uncharted territory.

For Indian investors, today's dramatic surge brings into sharp focus the importance of strategic financial planning. With gold prices now at such elevated levels, it becomes crucial to evaluate the various investment avenues available. Experts are advising investors to carefully consider their options, whether it's physical gold, Gold Exchange Traded Funds (ETFs), or Sovereign Gold Bonds, to determine the most suitable route for their portfolio in 2026. Similarly, jewelry shoppers planning significant purchases should factor in these record-high prices. The current market sentiment suggests a continued bullish outlook, making it essential for all participants to remain well-informed about evolving market dynamics and global economic indicators to make prudent decisions.