Gold Price Hits ₹1.6 Lakh: Why Gold & Silver Are Surging in 2026

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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Also Read | India’s 77th Republic Day: Operation Sindoor & Vande Mataram

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.

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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.

Also Read | India’s 77th Republic Day: Operation Sindoor & Vande Mataram

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