Gold prices in India showed limited movement on Thursday, January 29, 2026, reflecting a period of relative stability in the domestic bullion market. According to market data, the price of 24 karat gold stood at Rs 16,709 per gram, while 22 karat gold was priced at Rs 15,316 per gram. The rate for 18 karat gold was recorded at Rs 12,532 per gram.
Despite the overall stability, gold prices differed slightly across major Indian cities. These variations are common and depend on several factors, including regional demand, transportation and logistics costs, local taxes, and jeweller margins. Cities with strong jewellery demand or higher operational costs often see marginally higher rates.
In Chennai and Coimbatore, 24 karat gold was priced higher at Rs 17,030 per gram, while 22 karat gold stood at Rs 15,611 per gram. The rate for 18 karat gold in these cities was Rs 13,026 per gram. Similar prices were recorded in Madurai, reflecting consistent demand patterns across Tamil Nadu.
In Mumbai, Bangalore, Hyderabad, Kolkata, Pune, Kerala, and Vijayawada, gold prices remained uniform, with 24 karat gold at Rs 16,709 per gram, 22 karat gold at Rs 15,316 per gram, and 18 karat gold at Rs 12,532 per gram. These cities typically follow national benchmark pricing closely due to efficient supply chains and competitive markets.
In Delhi, Jaipur, Lucknow, and Chandigarh, prices were marginally higher. In these cities, 24 karat gold was priced at Rs 16,724 per gram, 22 karat gold at Rs 15,331 per gram, and 18 karat gold at Rs 12,547 per gram. Slight variations were also observed in Ahmedabad, Surat, Vadodara, and Patna.
Gold prices in India are influenced by a combination of domestic and global factors. International bullion prices play a key role, as India relies heavily on gold imports. Movements in the US dollar, interest rate expectations, and geopolitical developments also affect global gold prices, which in turn impact domestic rates.
Additionally, import duties and taxes imposed by the government contribute significantly to the final retail price of gold in India. Seasonal demand, especially during weddings and festivals, can also push prices higher in certain regions.
Market experts note that gold continues to attract interest as a safe haven asset amid global economic uncertainty. While prices have remained stable in recent sessions, investors and buyers are advised to track international trends and currency movements, as these could influence prices in the coming days.
