Huge Rally in Gold Rate in India Today; MCX Prices Hit Fresh Record High on 20 Jan Amid Global Trade-War Fears
Gold prices in India hit a new record high today, continuing their strong rally for the past few sessions. On January 20, 2026, the price of 24 Karat gold rose to Rs 14,728 per gram, gaining Rs 104 from the previous day, while 22 Karat gold climbed to Rs 13,500 per gram, up Rs 95. Over the last two days, gold prices have surged by almost Rs 35,000 per 100 grams for 24 Karat gold.
Meanwhile, gold prices on the Multi Commodity Exchange (MCX) also touched a new record high on Tuesday morning, as escalating global trade-war risks boosted investor hunger for safe-haven assets while putting pressure on the US dollar.
“Gold and silver are no longer just commodities, they are geopolitics in metal form. When major powers fight over resources like Greenland, markets instinctively price in risk, and precious metals become the default refuge. This rally reflects not speculation, but a deeper loss of confidence in global stability,” Mr. Amit Jain, Co-Founder of Ashika Global Family Office Services noted.
Gold Rate in India Today: Check Latest 22K, 24K & 18K Gold Prices on 20 January 2026
24 Karat Gold Price Today in India
For 24 Karat gold on Tuesday, the price stood at Rs 14,728 per gram, up Rs 104 from yesterday’s rate of Rs 14,624. At this level, 8 grams of 24 Karat gold cost Rs 1,17,824, reflecting an increase of Rs 832, whereas 10 grams were priced at Rs 1,47,280, up Rs 1,040. The price of 100 grams of 24 Karat gold rose sharply to Rs 14,72,800, marking a day-to-day gain of Rs 10,400.
22 Karat Gold Rate Today in India
22 Karat gold prices also moved higher on 20 January 2026. The rate rose to Rs 13,500 per gram, gaining Rs 95 from the previous day’s Rs 13,405. Accordingly, 8 grams of 22 Karat gold was priced at Rs 1,08,000, up Rs 760 while 10 grams cost Rs 1,35,000, an increase of Rs 950. For larger purchases, 100 grams of 22 Karat gold were priced at Rs 13,50,000, reflecting a rise of Rs 9,500 from yesterday.
18 Karat Gold Rate Today in India
Meanwhile, the 18 Karat gold rate climbed to Rs 11,046 per gram, up Rs 78 from Rs 10,968 on January 20, 2026. Eight grams of 18 Karat gold were priced at Rs 88,368, higher by Rs 624, while 10 grams costs Rs 1,10,460, gaining Rs 780. of 18 Karat gold increased to Rs 11,04,600, registering a day-on-day rise of Rs 7,800.
MCX Gold Price Today: Check Spot Gold Rate on 20 January
MCX gold prices continued their upward momentum on Tuesday, January 20, 2026, with the February 5, 2026 maturity contract trading higher in the morning session. At around 10:31 a.m. IST, MCX gold was quoted at Rs 1,47,821 per 10 grams, registering a gain of Rs 2,182, or 1.5%, compared with the previous close.
The contract opened at Rs 1,45,775 per 10 grams, against a previous close of Rs 1,45,639, and witness healthy trading activity with a volume of 3,766 lots. Meanwhile, the spot gold price was recorded at Rs 75,340.
“MCX gold futures were holding near Rs 1.42-1.43 lakh per 10 grams after mild profit-taking from record highs, indicating resilience rather than trend exhaustion. The metal continues to find support from a softer dollar bias and ongoing geopolitical risks,” Justin Khoo, Senior Market Analyst – APAC, VT Market.
Gold Rate Today in India
On 20 January 2026, the price of 24Kgold at ₹148,290 per 10 grams, reflecting a gain of ₹2,160 compared to its previous close. Meanwhile, 22K gold is at ₹135,933 per 10 grams.
Gold prices in India are largely influenced by international spot gold rates, US dollar fluctuations, and import duties on Gold among other things.
Gold prices in India continue to remain higher than in Dubai. On 20 January 2026 th is at ₹148,290 per 10 grams, while in Dubai it is ₹112,816, reflecting a difference of ₹35,474 or 31.44%. Similarly, 22K and 18K gold prices in India were also about 31.44% costlier compared to the not accounting for fees, duties, and taxes.
Why is the Gold price moving today?
Gold prices were trading up on the back of increased safe- haven demand. US President Donald Trump’s threats over acquiring Greenland have boosted the safe-haven appeal of the precious metal. Political tensions related to the US-EU over tariff concerns tied to Greenland continue to add impetus to the yellow metal’s gains. Also, growing concerns over the US Federal Reserve’s independence continue to accelerate the momentum for gold rates.
Outlook for Gold Investors
Analysts expect gold prices to remain range-bound in the near term, as the yellow metal is expected to conserve its recent record high gains. However, the long-term undertone for gold remains bullish as geopolitical tensions over the US, Greenland, and the EU continue to boost safe-haven demand for the asset. Markets will be eyeing key US economic data and the Federal Reserve’s upcoming stance, which will help provide a longer-term trajectory for the prices of the yellow metal.
Retail investors are advised to track not just domestic rates but also international trends before making buying decisions.
Gold Rate Today 20 January 2026:
Gold prices continued to move higher today as increasing global uncertainty pushed investors toward safe-haven assets. In the international bullion market, gold is trading close to its record-high levels, backed by rising geopolitical concerns and fears of an expanding trade conflict between major global economies. Recent developments involving renewed tensions between the US and Europe have further strengthened gold’s appeal, leading to a ripple effect in domestic markets as well.
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