Historic Gold Surge: 24K Gold Hits ₹1.6 Lakh Milestone
In a breathtaking rally for precious metals, gold prices in India have crossed the historic ₹1.6 lakh per 10 grams mark for the first time. On Monday, January 26, 2026, spot gold prices globally surged past the psychological barrier of $5,000 per ounce, reflecting a “climate of fear” in global financial markets.
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1. Today’s Gold & Silver Rates (Jan 26, 2026)
While domestic markets are officially closed for Republic Day, bullion rates in the grey market and international spot markets show a massive jump.
| Metal/Purity | Rate (Approx.) | Daily Change |
| 24K Gold (10g) | ₹1,60,410 | + ₹1,680 |
| 22K Gold (10g) | ₹1,47,050 | + ₹1,540 |
| 18K Gold (10g) | ₹1,20,340 | + ₹1,260 |
| Silver (1kg) | ₹3,35,000 | + ₹6,500 |
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2. Why is Gold Skyrocketing?
Analysts point to a “perfect storm” of geopolitical and economic triggers that have turned gold into the world’s most sought-after asset this month.
The “Greenland Saga”: A major diplomatic rift between the U.S. and NATO/EU over Greenland has rattled investors. President Trump’s threat of 100% tariffs on allies and his push for U.S. control over the territory have sparked fears of a fractured Western alliance.
Global Debt Crisis: Rising concerns that major economies may attempt to “inflate away” their massive debt are driving a flight to hard assets.
Central Bank “Frenzy”: Emerging market central banks have increased their gold purchases five-fold since 2022, aggressively diversifying away from the U.S. Dollar.
Resource Nationalism: Growing tensions in Ukraine, Gaza, and Venezuela have increased the “geopolitical risk premium,” making gold the ultimate safe haven.
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3. Expert Predictions: How High Will It Go?
Wall Street is turning increasingly bullish, with many expecting the current rally to extend through the spring.
“The $5,000 mark was a signal; investors are now looking toward the $6,000 horizon.” — Market Analyst, Augmont
Goldman Sachs: Raised its end-2026 target to $5,400/oz (approx. ₹1.7 Lakh in India).
Bank of America: Predicts a surge to $6,000/oz by mid-2026 if the dollar continues to weaken.
JP Morgan: Foresees sustained demand from private sector “hedgers” who are diversifying out of volatile tech stocks.
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