Gold price today: Cools 0.20% to $5,071/oz after record run on Comex

Gold price today

• Gold at $5,071, down 0.20%, remains near record highs amid global tensions.
• MCX gold opened at Rs 1,58,551 per 10g, up 1.48 percent from previous close
• Analyst says gold may extend gains toward Rs 1,65,000 if momentum holds

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Gold price stood at $5,071 per ounce on January 27 (4:10 am GMT), down 0.20% from the previous close. The yellow metal breached the $5,000 mark for the first time on Monday and continues to hover near record highs, supported by geopolitical tensions and optimism over potential US Federal Reserve rate cuts.

On MCX, the domestic futures price opened today's session at Rs 1,58,551 per 10 grams of 24 carat purity, and continued to trade flat at Rs 1,58,347 (9:47 am IST), representing 1.48 percent gain from its previous close at Rs 1,56,037. The metal reached its peak at Rs 1,59,226 on MCX on January 23, 2026.

The gold price has surged amid fresh tensions between the US and NATO over Greenland. The ongoing crisis in Ukraine and Gaza, and the US capture of the Venezuelan President, have also kept the price of gold high. On Saturday, the US President threatened a 100 percent tariff on Canada if it strikes a trade deal with China.

Gold prices vary by purity. Check the prices of gold based on its purity:

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.

Outlook: Will gold continue its momentum?

“Gold once again touched fresh all-time highs. The ongoing US-led geopolitical uncertainty around trade tariffs, Venezuela, Greenland, and rising debt concerns continues to keep safe-haven demand elevated. As long as gold holds Rs 1,50,000, the momentum remains intact, and prices could extend towards Rs 1,65,000 in the coming sessions," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.