It’s Wednesday, January 28, 2026, and if you’re planning a wedding or just trying to protect your savings, the gold market is currently doing its best impression of a rocket ship. We just hit an all-time peak.
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The thing is, gold has jumped 20% nearly since the start of the year. Prices are up again today by about ₹322 per gram for the pure stuff. Or nothing.
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The Gold Rush: Field Notes
It’s an ongoing situation where global jitters are pushing the price of “safe haven” assets through the roof. Here’s the ground reality:
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The Greenland Factor: And here’s the kicker—part of this massive spike is actually tied to geopolitics. Specifically, the “Greenland saga” and fresh US trade war fears. When the dollar slips and global markets get nervous, everyone runs to gold. Those too.
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The “Shaadi” Pivot: Let’s be real—at ₹1,65,170 for 10 grams, the traditional heavy bridal set is becoming a luxury of the past. Jewellers in Delhi and Mumbai are reporting a huge shift toward “lightweight” 18K designs. People still want the gold, just less of the weight.
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The Global Gap: Chennai is currently topping the charts as the most expensive city for gold in India today. If you’re buying in Mumbai or Kerala, you’re saving a few hundred bucks per 10 grams, but even then, it’s a record-breaking spend.
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Today’s Gold Rate Tracker (Jan 28, 2026)
| City | 24K (Per Gram) | 22K (Per Gram) | 18K (Per Gram) |
| Chennai | ₹16,734 | ₹15,330 | ₹12,785 |
| Delhi | ₹16,530 | ₹15,155 | ₹12,403 |
| Mumbai | ₹16,517 | ₹15,140 | ₹12,388 |
| Bangalore | ₹16,517 | ₹15,140 | ₹12,388 |
| Ahmedabad | ₹16,520 | ₹15,145 | ₹12,393 |
And Here’s the Kicker…
Market experts are saying that if this “Western Disturbance” in the global economy continues, we could see gold testing ₹1.75 lakh per 10 grams by the end of the year. The thing is, the rupee weakening against the dollar is making imports even pricier. It’s an ongoing situation where “buying the dip” feels more like “buying the cliff.” Or nothing.
One side comment—silver isn’t sitting out the party either. It’s up nearly 6% today, nearly touching the ₹4 lakh per kg mark in some futures markets. Industrial demand for EVs and solar panels is making the “white metal” just as hot as the yellow one. Those too.
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End…
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