Gold Price Today Jan 9, 2026: Rates Rebound to ₹1,38,860 in Delhi Ahead of US Jobs Data

Gold is having a bit of a “bounce-back” morning.¹ As of Friday, January 9, 2026, prices in India have shifted upward, recovering from a two-day slide that saw the metal dip earlier in the week.²

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The thing is, the global market is on edge today. We’re waiting for the US Non-Farm Payrolls (NFP) report at 7:00 PM IST. Or nothing. Let’s be real, traders are literally holding their breath—if the US job numbers are weak, gold could skyrocket. If they’re strong, we might see another price drop. Those too.

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The “Gold Log”: Field Notes

It’s an ongoing situation where the Rupee is playing spoilsport, hovering around 90.05 against the Dollar.

• The Global Pulse: Spot gold is trading near 4,470 per ounce.³ It hit a record high of 4,549 just after Christmas, and now it’s consolidating.⁴

• The Geopolitical X-Factor: Trump’s recent comments about Greenland have actually unified the EU against him. Add in the US-Venezuela tension, and you’ve got a perfect recipe for “safe-haven” buying.

• The Sunday Factor: Don’t forget, the Union Budget is being presented this Sunday. There’s a lot of chatter about the government potentially rationalizing gold import duties to curb smuggling.

• The MCX Action: February futures are trading around ₹1,38,012, up about 0.20% this morning.

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City-Wise Gold Prices (Jan 9, 2026)

[Table: Purity & Location Rates]

And Here’s the Kicker…

While today’s rates show a slight “uptick” of about ₹700–₹800 per 10 grams compared to yesterday, the long-term trend for 2026 is still wildly bullish. The thing is, HSBC is already predicting gold could hit 5,000 (roughly ₹1.5 Lakh per 10g) by June if the US Fed continues with its projected rate cuts.⁵

Investors are currently “locking in profits,” which explains why the price isn’t shooting up in a straight line. It’s a messy, volatile range. If you’re looking to buy jewelry, wait until after the NFP report tonight—the weekend rates might be very different.

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End…

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