Gold prices in India surged sharply on Monday, January 5, tracking a strong rally in global precious metals amid heightened geopolitical tensions and a rise in safe-haven demand. Domestic rates moved higher across all purities, reflecting the overnight spike in international gold prices.
As per latest data, 24 karat gold is priced at Rs 13,740 per gram, up Rs 158 from the previous session. 22 karat gold rose by Rs 145 to Rs 12,595 per gram, while 18 karat gold climbed Rs 118 to Rs 10,305 per gram.
In value terms, 10 grams of 24K gold now costs Rs 1,37,400, compared with Rs 1,35,820 yesterday, while 100 grams is priced at Rs 13,74,000, up Rs 15,800. For 22K gold, 10 grams stands at Rs 1,25,950, and 100 grams at Rs 12,59,500, both reflecting a day-on-day rise of Rs 1,450 and Rs 14,500, respectively.
City-wise, gold prices remained largely uniform across major markets. Mumbai, Kolkata, Bengaluru, Hyderabad, Pune and Kerala reported 24K gold at Rs 13,740 per gram, while Delhi saw a slightly higher rate of Rs 13,755, and Chennai traded at Rs 13,833 per gram.
The sharp move in domestic prices followed a strong overnight rally in global markets, where spot gold surged over 2% to $4,425 per ounce, supported by escalating geopolitical developments and increased risk aversion.
Note: Gold rates are indicative and do not include GST, TCS or making charges. Actual prices may vary by city and jeweller.
