Gold Rate Today Jan 15: 24K Price Drops to ₹14,318; Silver Hits Record ₹3 Lakh/kg

If you were hoping to buy gold today, Thursday, January 15, 2026, for the harvest festivals—Makar Sankranti or Pongal—you’ve actually caught a bit of a lucky break. After a massive five-day rally that saw prices hitting all-time highs, the gold market finally hit the brakes.

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The thing is, prices dropped by roughly ₹820 per 10 grams for the pure 24K stuff. Or nothing. Let’s be real, even with this “dip,” we are still looking at prices that would have seemed insane a year ago. Those too. While gold took a breather, silver decided to go rogue—it just crossed the ₹3 lakh per kg mark in some cities. It’s an ongoing situation where the two metals are moving in totally different directions.

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Gold Rate “Field Notes”: Jan 15, 2026

It’s an ongoing situation where the market is cooling off because investors are finally cashing in their chips (profit booking).

• The Purity Breakdown: 24K gold is sitting at ₹14,318 per gram. The thing is, if you’re looking at jewellery (22K), you’re paying about ₹13,125. And here’s the kicker—even 18K is staying above the 10k mark at ₹10,739.

• The “Venezuelan” Factor: Part of why gold has been so volatile is the escalating conflict between the US and Venezuela. The thing is, whenever there’s a whiff of military action, everyone runs to gold as a “safe haven.”

• The Maharashtra Trading Pause: If you’re in Mumbai, don’t expect the usual morning hustle. The thing is, the MCX (Multi Commodity Exchange) stayed shut for the morning session today because of municipal elections in Maharashtra. Trading only kicks off at 5:00 PM.

• The Festival Surge: Even with the slight price drop, jewellery shops in Chennai and Delhi are packed for Pongal and Sankranti. The thing is, in India, a price drop on a festival day is basically a “buy” signal for everyone.

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City-Wise Gold Price Tracker: Jan 15, 2026

And Here’s the Kicker…

While gold fell, silver is on a “tear.” It’s up ₹5,000 per kg today alone. The thing is, industrial demand for EVs and solar panels is sucking up all the silver supply. It’s reached a point where silver is almost performing like a tech stock rather than a precious metal.

It’s an ongoing situation where the US Federal Reserve is hinting at rate cuts, which usually means gold will start climbing again soon. This “dip” might be the shortest window you get.

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End…

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