Gold Prices Surge to Fresh High Near ₹17,900 on January 29: Latest 24K, 22K and 18K Rates Across India

Gold prices in India strengthened further in the second half of January, decisively breaking out of the brief consolidation phase and scaling fresh record highs. After easing to ₹15,431 per gram on January 22, the 24K benchmark rebounded to ₹15,715 on January 23 and gathered strong momentum in the final week, rising to ₹16,026 on January 25 and ₹16,195 on January 27. The rally extended on January 28, with prices climbing to a new peak of ₹16,517 per gram, confirming a clear upside breakout.

Prices are now comfortably above mid-January levels and well beyond the earlier base near the ₹15,400–₹15,500 zone, underscoring robust follow-through buying and elevated volatility. The swift move from around ₹15,400 on January 22 to above ₹16,500 within a few sessions highlights strong bullish momentum in the domestic gold market.

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Gold Prices Today in India January 29, 2026

As of 12:47 PM on January 29, gold rate today across major Indian cities declines compared to the previous session. Below are the latest per-gram prices for 24K, 22K, and 18K gold across key regions:

• Gold Price Today in Mumbai: 24K at ₹17,885, 22K at ₹16,395, 18K at ₹13,414.
• Gold Price Today in Chennai: 24K at ₹18,325, 22K at ₹16,800, 18K at ₹13,900.
• Gold Price Today in Bangalore:24K at ₹17,885, 22K at ₹16,395, 18K at ₹13,414.
• Gold Price Today in Hyderabad: 24K at ₹17,885, 22K at ₹16,395, 18K at ₹13,414.
• Gold Price Today in Kerala: 24K at ₹17,885, 22K at ₹16,395, 18K at ₹13,414.
• Gold Price Today in Delhi: 24K at ₹17,900, 22K at ₹16,410, 18K at ₹13,429.

Recent Gold Price Movements in India

Here’s a snapshot of how gold prices have moved over the past few days:

• January 29th: 24K at ₹17,885, 22K at ₹16,395, 18K at ₹13,414.
• January 28th: 24K at ₹16,517, 22K at ₹15,140, 18K at ₹12,388.
• January 27th: 24K at ₹16,195, 22K at ₹14,845, 18K at ₹12,146.
• January 25th: 24K at ₹16,026, 22K at ₹14,690, 18K at ₹12,019.
• January 23rd: 24K at ₹15,715, 22K at ₹14,405, 18K at ₹11,786.

Gold prices in India extended their rally in late January, breaking out of the mid-month consolidation and surging to fresh record highs. The 24K benchmark, after rebounding to ₹15,715 on January 23, strengthened further in the final week, rising to ₹16,026 on January 25 and ₹16,195 on January 27. The uptrend accelerated sharply thereafter, with prices climbing to ₹16,517 on January 28 and then spiking to a new peak of ₹17,885 on January 29. Prices are now decisively above earlier January levels, confirming a powerful upside breakout.

Lower purities mirrored the move. 22K gold advanced from ₹14,405 on January 23 to ₹14,690 on January 25, rose to ₹14,845 on January 27 and ₹15,140 on January 28, before jumping further to ₹16,395 on January 29. Similarly, 18K climbed from ₹11,786 on January 23 to ₹12,019 on January 25, moved up to ₹12,146 on January 27 and ₹12,388 on January 28, and then surged to ₹13,414 on January 29. The consistent sequence of higher highs across all purities underscores a firmly bullish near-term bias, supported by strong momentum and heightened volatility.

Gold Market Outlook

Gold prices in India extended their rally into late January and surged to fresh record highs, with the 24K benchmark rising from ₹15,431 on January 22 to ₹15,715 on January 23, ₹16,026 on January 25, ₹16,195 on January 27 and ₹16,517 on January 28, before jumping sharply to a new peak of ₹17,885 on January 29. The uninterrupted sequence of higher highs reflects sustained buying interest and a firmly entrenched upward trend.

Lower purities mirrored this strength. 22K gold advanced from ₹14,145 on January 22 to ₹14,405 on January 23, climbed to ₹14,690 on January 25, moved up to ₹14,845 on January 27 and ₹15,140 on January 28, before surging further to ₹16,395 on January 29. Similarly, 18K rose from ₹11,573 to ₹11,786, then to ₹12,019, ₹12,146 and ₹12,388, and finally spiked to ₹13,414 over the same period.

City-wise, Chennai continues to command a premium. On January 29, 24K gold in Chennai is hovering close to ₹18,100 per gram, compared with around ₹17,885 in Mumbai, Delhi, Bangalore, Hyderabad and Kerala. For 22K, Chennai is quoting near ₹16,550, while most other metros are clustered around ₹16,395. In 18K, Chennai is again higher at about ₹13,550, versus roughly ₹13,414 in other major cities.

Conclusion

As of January 29, gold in India is trading at fresh all-time highs, with 24K around ₹17,885–₹18,100 per gram, 22K near ₹16,395–₹16,550, and 18K close to ₹13,414–₹13,550 across major cities. The sharp rise from the ₹15,400 zone in the third week of January to nearly ₹18,000 within a few sessions underscores the strength of the ongoing uptrend. Broad-based firmness across all purities and key markets, led by a premium in Chennai and steady prices in other metros, indicates that the domestic gold market retains a strong bullish bias despite elevated short-term volatility.