Gold Prices Today in India: A Detailed Overview (January 31, 2026)
Gold rates in India continue to be a focal point for investors and consumers alike. As of today, January 31, 2026, various factors, including global market trends, currency fluctuations, and local demand, influence the prices of gold across different cities in India. Here's a comprehensive look at the current gold rates for 24 karat, 22 karat, and 18 karat gold in major Indian cities.
Delhi
In Delhi, the gold rates today are as follows: * 24 Karat Gold: ₹16,073 per gram or ₹1,64,497 per 10 grams * 22 Karat Gold: ₹14,735 per gram or ₹1,50,795 per 10 grams * 18 Karat Gold: ₹12,059 per gram
There has been a decrease compared to yesterday's rates, with 24K gold decreasing by ₹-862, 22K gold decreasing by ₹-790, and 18K gold decreasing by ₹-646.
Mumbai
The gold rates in Mumbai today are: * 24 Karat Gold: ₹16,058 per gram or ₹1,61,874 per 10g * 22 Karat Gold: ₹14,720 per gram or ₹1,48,384 per 10g * 18 Karat Gold: ₹12,044 per gram or ₹1,21,405 per 10g
Similar to Delhi, Mumbai has also seen a decrease in gold prices compared to yesterday. The prices of 24K, 22K and 18K gold have decreased by ₹-862, ₹-790 and ₹-646 respectively.
Bangalore
Here's a breakdown of the gold rates in Bangalore:
- 24 Karat Gold: ₹16,919 per gram or ₹16,058 per gram
- 22 Karat Gold: ₹15,509 per gram or ₹14,720 per gram
- 18 Karat Gold: ₹12,689 per gram or ₹12,044 per gram
Like other major cities, Bangalore's gold rates have also experienced a decrease. 24K gold decreased by ₹-862, 22K gold saw a decrease of ₹-790, and 18K gold registered a decrease of ₹-646.
Other Cities
Across other major cities in India, the prices vary slightly due to local market dynamics. As of today:
- Chennai: 24 Karat: ₹17,333 per 10 grams, 22 Karat: ₹16,508 per 10 grams
- Kolkata: 24 Karat: ₹17,333 per 10 grams, 22 Karat: ₹16,508 per 10 grams
- Hyderabad: 24 Karat: ₹17,333 per 10 grams, 22 Karat: ₹16,508 per 10 grams
Factors Influencing Gold Prices
Several factors influence gold prices in India:
- Global Market Trends: International gold prices play a significant role in determining domestic rates.
- Currency Fluctuations: The strength of the Indian Rupee against the US Dollar impacts gold prices.
- Local Demand: Seasonal demand, especially during festivals and weddings, can drive prices up.
- Government Policies: Changes in import duties and taxes, such as the Goods and Services Tax (GST), affect gold rates.
Understanding Gold Purity
- 24 Karat Gold: This is the purest form of gold, containing 99.9% gold. It is typically used for investment purposes like coins and bars.
- 22 Karat Gold: This form contains 91.67% gold, with the remaining portion comprising other metals. It is commonly used for making jewellery.
- 18 Karat Gold: This contains 75% gold mixed with other metals, making it more durable for jewellery.
Impact of GST
The introduction of the Goods and Services Tax (GST) has streamlined the tax structure on gold, leading to more uniform and transparent pricing across the country. Currently, a 3% GST is levied on gold jewellery and coins.
Disclaimer: The gold rates provided in this article are based on current market information and are subject to change. Readers are advised to verify the rates with local jewelers before making any purchasing decisions.
