Gold prices in India continued to trade at elevated levels on Sunday, reflecting strong domestic demand, global market strength, and anticipation of policy decisions in the upcoming Union Budget 2026. Investors, buyers and jewellers across the country remain focused on the yellow metal, with prices currently hovering near multi-year highs.
📊 Latest Gold Rates (India) — 25 January 2026
As per market data, gold prices in India today are as follows:
- 24-karat gold: ~₹16,026 per gram (₹1,60,260 per 10 g)
- 22-karat gold: ~₹14,690 per gram (₹1,46,900 per 10 g)
- 18-karat gold: ~₹12,019 per gram
These rates represent national averages, and prices can vary slightly across cities like Delhi, Mumbai, Chennai, Kolkata, Jaipur and Bengaluru due to local taxes, transportation costs and supply conditions.
Why Prices Are Elevated
Experts point to several key reasons behind the sustained strength in gold prices:
🔹 Robust Domestic Demand
The Indian market continues to see strong interest from both jewellery buyers and investors. With weddings and festivals on the horizon, many households are opting to buy gold even at higher price levels.
🔹 Budget 2026 Uncertainty
Speculation around potential changes in import duty on gold ahead of the Union Budget has pushed premiums higher. Traders are stocking up in anticipation of possible duty changes, which could further tighten supply. The result has been higher local premiums and firm prices at retail.
🔹 Global Market Support
Gold’s safe-haven appeal remains strong amid global economic uncertainty and financial market volatility. International bullion prices and weak currency pressures have lent additional support to domestic rates. Analysts suggest that global cues will continue to influence Indian gold prices in the coming weeks.
City-Wise Price Snapshot
While overall trends are consistent across India, specific city markets show slight variations. In major centres like Delhi and Mumbai, gold prices remain tightly clustered around the national average. Premiums vary due to local demand and taxation effects.
What This Means for Buyers
- Jewellery buyers are facing higher costs compared to the previous year, prompting many to delay purchases unless necessary.
- Investors view gold as a hedge against inflation and economic uncertainty.
- Many buyers are exploring digital gold, gold ETFs and sovereign gold bonds for investment diversification.
Analyst Outlook
Market analysts remain cautiously optimistic. While prices are high, they could stay supported as long as global uncertainties persist and budget expectations remain unresolved. However, short-term volatility is expected, especially around policy news and currency movements.
In summary: Gold continues to command strong prices in India, with 24 K around ₹16,000 per gram and 22 K near ₹14,700 per gram on 25 January 2026. Demand, import duty speculation and global factors are the key forces shaping the market right now.
