It’s Monday, January 19, 2026, and if you’ve been eyeing that gold necklace or thinking about hedging your portfolio, today’s price tag just got a bit heavier.1
Gold rates in India have bounced back today, shaking off a minor dip from last week.2 The thing is, we’re seeing a “safe-haven” rally. Investors are spooked by the escalating US-Venezuela conflict—especially after the news of the US capture of President Maduro earlier this month—and fresh trade tariff threats from the US targeting Europe. Or nothing. Basically, when the world gets messy, everyone runs to the yellow metal. Those too.
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The Gold Desk: January 19 Field Notes
It’s an ongoing situation where the “correction” we saw over the weekend has already evaporated.
The Jump: 24K gold is up by roughly ₹191 per gram today.3 The thing is, while that sounds small, it pushes the 10-gram price toward the ₹1,45,690 mark in major cities.4
Global Triggers: It’s not just local wedding demand. And here’s the kicker: gold breached 4,600 per ounce globally this month.5 The thing is, with the US Fed Vice Chair hinting at more rate cuts because of a “fragile” job market, gold is looking like the only adult in the room for investors.
City Variations: Chennai is leading the pack as usual with the highest rates, while Mumbai and Kolkata are holding steady at the national average. Or nothing.
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Today’s Gold Price Hierarchy (INR per Gram)
| Carat Purity | Rate (1 Gram) | Rate (10 Grams) | Change Today |
| 24K (Pure Gold) | ₹14,569 | ₹1,45,690 | + ₹191 |
| 22K (Jewellery)6 | ₹13,3557 | ₹1,33,5508 | + ₹1759 |
| 18K (Low Purity)10 | ₹10,92711 | ₹1,09,27012 | + ₹14313 |
City-Wise Snapshots (24K Gold)
Chennai: ₹14,673 (The highest, thanks to local taxes).14
Delhi: ₹14,584.15
Mumbai/Bangalore/Kolkata: ₹14,569.16
Ahmedabad/Vadodara: ₹14,574.17
And Here’s the Kicker…
The thing is, silver is actually outperforming gold in the volatility department. It’s hovering near ₹3 lakh per kg today. Or nothing. The market logic has shifted—between the “Absolute Resolve” military operation in Venezuela and Trump’s weird threat to tariff Europe over Greenland, people are treating precious metals like a life raft.
It’s an ongoing situation where the “high” for January (so far) was on the 14th, and we’re creeping right back up to that peak. If you’re buying for a wedding, the thing is, you might want to watch the afternoon MCX (Multi Commodity Exchange) session. Those too.
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