Gold prices have seen a rise today, January 10, 2026, influenced by a combination of factors including global market trends, safe-haven demand, and economic uncertainty. Investors and consumers are closely monitoring these fluctuations, especially with the festive and wedding season approaching.

Current Gold Rates in Major Cities

In Delhi, the price for 24-karat gold has risen to ₹14,066 per gram, while 22-karat gold is trading at ₹12,894 per gram. For 10 grams of gold, the rates are ₹1,40,661 for 24-karat and ₹1,28,944 for 22-karat.

In Mumbai, the rates are slightly different, with 24-karat gold at ₹79,210 per 10 grams and 22-karat gold at ₹72,610 per 10 grams.

Chennai sees 24-karat gold priced at ₹13,440 per gram and 22-karat gold at ₹12,800 per gram. For 10 grams, the rates are ₹1,34,400 for 24-karat and ₹1,28,000 for 22-karat.

These rates reflect a general firming trend in gold prices across major Indian cities.

Factors Driving the Price Increase

Several factors are contributing to the rise in gold prices. Globally, renewed safe-haven demand due to geopolitical uncertainties is pushing investors towards gold. Escalating tensions around regions like Venezuela, coupled with broader global uncertainty, are leading investors to seek the safety of bullion.

Expectations of the Federal Reserve cutting interest rates are also playing a role. Weaker-than-expected US labor data has reinforced these expectations, increasing demand for non-yielding assets like gold.

Global Market Trends

In the international markets, spot gold was trading flat at $4,479.38 per ounce, while silver saw a rise of 1.79% to $78.38 per ounce. Gold rose to $4,508.58 USD/t.oz on January 9, 2026, up 0.68% from the previous day.

Analyst Outlook

Major investment banks maintain a bullish outlook on gold prices. Some forecasts suggest that gold could test USD 5,000 per ounce later in 2026. Technical analysts are also closely watching key support levels, with ₹1,37,000 identified as a crucial level on the MCX.

Impact on Consumers

With the ongoing volatility in precious metal prices, traders are advising consumers and investors to closely monitor price movements before making any purchase decisions. This is particularly important with the festive and wedding season approaching, when gold purchases typically increase.

Regional Variations

It's important to note that gold prices can vary slightly from city to city due to local factors such as transportation costs, taxes, and demand. For instance, in Tamil Nadu, the price of 22-carat gold increased by ₹100 per gram, taking the rate to ₹12,900 per gram.

Overall, the trend indicates a positive outlook for gold, driven by a mix of global and local factors. Investors and consumers are advised to stay informed and monitor market movements to make informed decisions.