Gold Prices increase 4.42% (Check Your City Rate)

Gold prices in India saw a strong jump on January 28, 2026.

The price of 24K gold rose to ₹165,160 per 10 grams, marking a sharp increase of ₹6,990 from the previous session.

At the same time, 22K gold climbed to ₹151,397 per 10 grams.

This sudden rise has caught the attention of investors and buyers alike, as gold touched fresh record levels in the domestic market.

Gold prices in India are influenced by several global factors.

A major reason behind today’s surge is the sharp fall in the US dollar, which has pushed investors towards safe-haven assets like gold.

The dollar slipped to a four-year low after US President Donald Trump signaled comfort with a weaker currency to boost exports.

Added to this were policy uncertainties in the US, including tariff threats and criticism of the Federal Reserve’s independence.

These developments increased demand for precious metals globally.

Gold prices across purity levels moved up sharply today:

24 Carat: ₹165,160 (up ₹6,990 or 4.42%)

22 Carat: ₹151,397 (up ₹6,407.50 or 4.42%)

18 Carat: ₹123,870 (up ₹5,242.50 or 4.42%)

The rise was uniform across all categories, showing strong overall momentum in the gold market.

Gold continues to remain significantly cheaper in India compared to Dubai.

On January 28, 2026, 24K gold in Dubai was priced at ₹1,527,418 per 10 grams, making Indian prices about 89% lower.

A similar price gap was seen in 22K and 18K gold as well.

However, this comparison does not include import duties, taxes, or additional charges that apply when buying gold abroad.

Gold has already risen nearly 20% so far this year, supported by steady central bank buying and strong inflows into gold ETFs.

While the US Federal Reserve is expected to keep interest rates unchanged for now, investors are closely watching for signs of future rate cuts.

With ongoing global uncertainty and strong demand, gold continues to remain a preferred choice for long-term investors looking for stability.