Gold price today: Spot price rises 2.42% in a week to $4,451; check prices in your city

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

• Gold spot price rose 0.06 percent to $4,451 an ounce on January 6
• Gold futures on MCX opened at Rs 1,38,148 per 10g, up 0.02% from previous close.
• Gold sales dropped 35–40 percent YoY in December 2025 due to high prices

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The gold spot price, which is bought and sold for immediate delivery, stood just above $4,451 an ounce on January 6 (8:13  a.m. IST), representing a gain of 0.06 percent from its previous close and 2.42 percent 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 Tuesday session at Rs 1,38,578 per 10 grams of 24-Carat purity, which is 0.23 percent up from its previous close at Rs 1,38,120. 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 90.135 against the U.S. dollar on Tuesday, representing a decline of 0.08 percent in a day and 0.41 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, "The momentum in bullion remains strong as a data-heavy week in the US lies ahead, with ADP employment, Non-Farm Payrolls, unemployment rate, and initial jobless claims expected to inject heightened volatility into prices. Overall sentiment remains positive, with gold expected to trade in a volatile range of Rs 1,36,500–Rs 1,40,000 in the near term."

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

Meanwhile, high prices are keeping buyers away due to the fear of overpaying. The gold sales dropped 35–40 percent year-on-year (YoY) in December 2025, according to the India Bullion & Jewellers Association (IBJA).

Outlook: Will gold continue its momentum this week?

The Augmont Bullion weekly blog, published on January 5, noted that increased geopolitical tensions across many global flashpoints have bolstered gold and silver's status as preferred safe-haven investments. Escalating tensions between the US and Iran, fresh strains in US-Venezuela relations, and the ongoing Russia-Ukraine conflict have all contributed to greater uncertainty in bullion markets, global commerce and financial stability.