Gold price rises 3.75% per ounce in a week, nears all-time peak; check prices in your city

Gold price today

• Gold spot price at $4,477/oz, down 0.43% from previous close, up 3.75% in a week
• MCX gold futures closed at Rs 1,39,040/10g, with peak at Rs 1,40,465 on Dec 26
• Safe-haven demand keeps gold prices firm amid global geopolitical tensions

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The gold spot price, which is bought and sold for immediate delivery, stood just above $4,477 an ounce on January 7 (8:18  a.m. IST), representing a decline of 0.43 percent from its previous close and a 3.75 percent gain in the past week. The spot price surged to its peak performance at Rs $4,546 on December 26, 2025.

The domestic futures price of gold on MCX opened the Wednesday session at Rs 1,38,750 per 10 grams of 24-Carat purity, and continued to hover around 1,38,402 (10:00 am IST), representing a 0.49 percent decline from its previous close at Rs 1,39,083. Trading in futures involves standardized contracts to buy and sell the precious metal at a predetermined price. The gold futures price peaked on MCX at Rs 1,40,465 as recorded on December 26.

Meanwhile, the rupee stood at 90.165 against the U.S. dollar on Wednesday, representing a gain of 0.09 percent in a day and 0.33 percent in a week.

Gold prices vary by purity. Check out below to see the prices of gold based on its purity

Gold Price Today (₹)

City-wise gold prices in India today

Gold rates across India’s major cities showed remarkable uniformity, with only marginal differences due to local taxes, jeweller margins, and logistics costs.

Gold Price In Indian Cities (₹)

Why is gold price up?

Jateen Trivedi, VP Research Analyst (Commodity and Currency), LKP Securities, said, "Risk sentiment continues to favour higher allocation toward gold amid renewed geopolitical tensions, with reports of the US  crossing the Venezuela border and heightened alerts involving its leadership adding to global uncertainty. These developments are keeping safe-haven demand firm. Gold is expected to remain volatile but biased upward, with a trading range seen between Rs 1,37,000 and Rs 1,42,000 in the near term."

Read more: Why gold may remain a reliable wealth builder in 2026: 5 trends to watch

Outlook: Will gold continue its momentum this week?

The Augmont Bullion report, published on January 6, noted that gold prices have rebounded from $4,300 and cleared the resistance of $4,450 (~Rs 138,000). The next resistance is $4,550 (Rs 1,40,000) and $4,600 (Rs 1,41,000).