Gold Rate Hits Record High Jan 20, 2026: 24K Gold at ₹14,728/gm Amid Global Trade War Fears

It’s Tuesday, January 20, 2026, and if you’re looking at the gold price screen today, you might want to sit down. Prices haven’t just climbed; they’ve absolutely rocketed to a new record high. Or nothing. Let’s be real—we are seeing numbers that would have seemed like a typo just a year ago.

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The thing is, the “safe-haven” rush is in full swing. With global trade wars heating up—specifically the bizarre standoff over Greenland and new US tariff threats against Europe—investors are dumping equities and piling into bullion. Those too.

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The “Yellow Metal” Surge: Field Notes

It’s an ongoing situation where the price of a single gram of 24K gold has officially crossed the ₹14,700 mark.

• The Record Breaker: 24-karat gold jumped by over ₹1,000 per 10 grams overnight. The thing is, we’re now looking at ₹1.47 lakh for a standard 10g bar.

• The Silver “Bubble”: And here’s the kicker—silver just hit a historic milestone, breaching ₹3.15 lakh per kg in some cities. People keep saying the bubble will burst. And then it just keeps going up.

• The “Greenland” Effect: Why the spike today? The thing is, markets are reacting to the US threat of 10% tariffs on European nations starting February 1. When the world gets messy, gold gets expensive. Simple as that.

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Gold Rates Today: January 20, 2026

City-Wise 24K Rates (Per Gram)

• Chennai: ₹14,848 (Always the highest, those too.)

• Delhi: ₹14,743

• Mumbai / Bangalore / Kolkata: ₹14,728

• Ahmedabad: ₹14,733

And Here’s the Kicker…

The thing is, if you’re planning a wedding for late 2026, the “wait and watch” strategy is hurting. Or nothing. Analysts are now eyeing the ₹1.50 lakh mark for 10 grams of 24K gold by the end of this quarter if the trade tensions don’t cool down.

One side comment—digital gold transactions via UPI have tripled this month. The thing is, people can’t afford the bars anymore, so they’re buying “milligrams” instead. It’s an ongoing situation where the aam aadmi is basically priced out of physical jewelry for now. Those too.

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End…

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