Today’s gold market has once again shown strong momentum, with prices climbing steadily across India. As of January 28, 2026, the 24-carat gold rate stands at ₹15,838 per gram, while 22-carat gold is priced at ₹14,518 per gram in Ahmedabad. The ongoing global economic uncertainty, along with fluctuating dollar values and local demand, continues to influence these rates. Investors are increasingly turning to gold as a safe-haven asset amid market volatility. Whether for investment or jewelry, today’s surge has caught the attention of traders and buyers across the country.
1. Current Gold Prices in India
Gold prices have experienced another significant rise today, making headlines for reaching new highs in early 2026. In Ahmedabad, one of India’s major gold trading hubs, the price of 24-carat gold reached ₹15,838 per gram, while 22-carat gold was recorded at ₹14,518 per gram. On a 10-gram basis, these rates translate to ₹1,58,380 for 24K and ₹1,45,181 for 22K respectively. The increase is largely due to global inflationary pressures, reduced interest rates, and investor confidence in gold as a reliable store of value.
2. Factors Driving Gold Prices
Several key factors have contributed to today’s sharp rise in gold rates. Firstly, global economic instability and geopolitical tensions have pushed investors towards safe-haven assets like gold. Secondly, fluctuations in the U.S. dollar index and international crude oil prices have created uncertainty in the stock markets. Moreover, wedding season demand in India has increased physical gold purchases, further strengthening the domestic market. Central banks across the world are also increasing their gold reserves, adding to the overall bullish sentiment in the market.
3. Comparison with Previous Rates
When compared to last week, gold prices have jumped by nearly ₹400 per 10 grams, reflecting a steady upward movement. Experts suggest that this upward trend may continue if inflation remains high and the global economy struggles to stabilize. In contrast, silver prices have remained relatively stable, offering an affordable option for small investors. However, gold remains the preferred choice due to its historical stability and high resale value in uncertain economic conditions.
4. Impact on Investors and Buyers
Today’s rise in gold rates could impact both investors and jewelry buyers. For investors, this could mean potential short-term profits but also a signal of inflationary concerns ahead. Jewelry buyers may face higher costs, especially during the peak wedding season. Despite the high prices, gold continues to hold its value as a timeless and secure investment. Experts recommend monitoring daily price fluctuations before making major purchases.
5. Future Outlook
Analysts predict that gold prices may continue to stay firm or even rise in the coming weeks. With global inflation and currency volatility showing no signs of cooling, gold remains a trusted hedge against uncertainty. Many traders expect the 24K price to cross ₹16,000 per gram if current market conditions persist. For Indian households and investors alike, gold continues to shine as both a symbol of prosperity and a stable financial asset.