Gold Rate Today Jan 16: Prices Dip 0.13%; 24K Gold at ₹1.43 Lakh in India

If you were planning to buy gold today, Friday, January 16, 2026, you’re looking at a tiny bit of relief. Prices have dipped about 0.13%, bringing the cost for 10 grams of 24K gold to roughly ₹1,43,250.

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The thing is, we’re coming off a massive rally where gold hit all-time highs earlier this week. Or nothing. Let’s be real, even with today’s “dip,” gold is still up nearly 7% since New Year’s Day.¹ Those too. The cooling off is mostly because the US Dollar is showing some muscle again, and there’s talk that President Trump might delay military action in Iran. It’s an ongoing situation where the “safe haven” trade is taking a breather.

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The “Gold Pulse” Log: Field Notes

It’s an ongoing situation where the yellow metal is stuck between a strong dollar and central banks that just won’t stop buying.

• The Dollar Effect: The US Dollar index is up. The thing is, when the dollar is strong, gold usually gets squeezed.² And here’s the kicker—investors are starting to think the Fed might not cut interest rates as fast as they hoped. Those too.

• The Dubai Gap: If you have a friend flying in from the UAE, now’s the time to call them. 24K gold in Dubai is sitting at around ₹11,282 per gram. The thing is, in India, you’re paying about ₹14,325. That’s a massive premium.

• City Variations: Prices aren’t the same across the map.³ Chennai is usually the priciest due to high local demand for jewelry. The thing is, Delhi is actually seeing some of the “cheapest” rates today at ₹1,42,910 for 24K.

• Silver’s Story: Don’t ignore the white metal. It’s hovering around ₹2,86,900 per kg. The thing is, people are starting to ask if “Digital Silver” is actually backed by the real stuff or just paper.

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Gold Rates: City Snapshot (Jan 16, 2026)

And Here’s the Kicker…

Analysts are saying this is just “profit booking.” The thing is, the long-term outlook is still very bullish. Some big banks are predicting gold could hit ₹1.75 lakh by the end of the year if the crisis in Venezuela or the Middle East flares up again.

It’s an ongoing situation where “Digital Gold” is becoming the go-to for Gen Z. The thing is, with these prices, buying a physical biscuit feels like a massive commitment.

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End…

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