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Gold Rate In India Shines Bright on Makar Sankranti 2026; Silver & 24K, 22K,18K Gold At New Record On Jan 14
Gold prices in India today jumped for the fifth time this week, as festive season demand provided support to the yellow metal. In the last week, the gold rate in India has risen sharply, taking it to a record high, jumping about 51,500per 100 grams of 24-carat gold in just five days. On the occasion of Makar Sankranti, a rise in demand for jewellery has pushed the gold prices in India toward an all-time high.
Globally, spot gold prices jumped to trade near a fresh peak today as the US dollar gained 0.03%. Spot gold is currently trading above USD 4600 per ounce after hitting an all-time high. Spot silver, on the other hand, is undergoing a record rally as it has breached the $90 per ounce mark.
Gold Rate in India Today
As of Wednesday,14th January, the 24-carat gold rates in India jumped by Rs. 1090 to cost Rs.1,43,620 per 10 grams, while the 22-carat gold rates are at Rs. 1,31,650 per 10 grams, which increased by Rs. 1000 per 10 grams. On a similar note, 18-carat gold rates in India are retailing at Rs. 1,07,720 per 10 grams after rising by Rs. 820.
Just like that, the 100 grams of 24-carat gold rates are currently retailing at Rs. 14,36,200, while the 22-carat gold rate today costs Rs 13,16,500.
Silver Rate in India Today
White metal prices in India today also jumped sharply for the third time this week. On January 15 the price of 1 kg of silver in India was Rs. 2,90,000, while 100 g costs Rs. 29,000.
Gold Price / Silver Price Outlook Ahead
"Gold prices are expected to rise. One can buy at 142700 with a stop loss of 141800 for the target at 144000-144700," as per Nirmal Bang Commodity Research report.
Meanwhile, "Silver prices are expected to rise. One can buy at 284000 with a stop loss of 280000 for the target at 288000-292000."
MCX Gold Futures and Silver Futures Prices
Gold futures at the Multi Commodity Exchange jumped sharply on Wednesday Gold futures, which are expected to mature on 5th February, are currently at Rs 1,43,084 per 10 gram after rising 0.59% per 10 grams as of 10:30 am. Similarly, silver futures slated to mature on March 5th spiked by 3.89% to trade at Rs 2,85,900 per Kg.
Spot Gold Prices + Spot Silver Price Today
According to a Reuters report, "Spot gold rose 0.9% to $4,627.95 per ounce as of 0406 GMT, having hit a record high of $4,634.33 on Tuesday. U.S. gold futures for February delivery rose 0.8% to $4,635.60. Spot silver jumped 4.6% to $90.95 per ounce."
"Spot Gold is likely to trade with a positive bias and rise further towards the $4650 level on softening of US treasury yields. Further, recent inflation data cemented bets on a Federal Reserve rate cut this year. Fed is expected to hold rates steady at its January meeting, but the market is pricing 2 more rate cuts this year. Moreover, demand for safe havens may increase as geopolitical tensions remain elevated due to unrest in Iran, escalation in fighting between Russia and Ukraine and US renewed signals to take control of Greenland after the capture of Venezuela's President Nicolas Maduro. Furthermore, prices may rally on concerns over Fed independence. Additionally, US President Donald Trump threatened to slap 25% tariff on countries trading with Iran. As per the ICICI Commodity Report.
City-Wise Gold Rates Today
Here's the latest city-wise update on 22-carat and 24-carat gold rates as of January 14th.
Gold Rates in Chennai
Gold Rates in Bangalore
Gold Rates in Hyderabad
Gold Rates in Mumbai
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Credit: Goodreturns
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