After
undergoing
a
brief
correction
over
the
past
few
days,
gold
prices
in
India
have
rebounded
sharply,
because
of
the
bullish
momentum
as
the
New
Year
2026
begins.
The
recovery
comes
after
a
strong
performance
in
2025,
when
the
gold
rate
in
India
surged
by
nearly
64%,
becoming
one
of
the
best
years
for
the
yellow
metal
in
several
decades.
The
rally
in
gold
prices
last
year
was
supported
by
multiple
global
and
domestic
factors.
Interest
rate
cuts,
along
with
expectations
of
further
monetary
easing
by
the
U.S.
Federal
Reserve,
played
a
major
role
in
boosting
investor
appetite
for
the
safe-haven
asset.
Gold
Rate
In
India
Falls
for
3rd
Straight
Day
Ahead
of
New
Year
2026;
24K,
22K,18K
Gold
Now
Off
Record
High
Gold
Rate
in
India
Today
As
of
January
2nd,
the
24-carat
gold
rate
in
India
jumped
by
Rs.
1140
per
10
grams
to
retail
at
Rs.1,36,200.
The
22-carat
gold
rate
in
India
now
costs
Rs.
1,24,850
per
10
grams,
which
surged
by
Rs.
1050.
Likewise,
the
18-carat
gold
rate
in
India
spiked
Rs.860
per
10
grams
to
retail
at
Rs.
1,02,150.
In
a
similar
light,
the
higher
quantities
of
gold,
the
100
grams
of
24-carat
gold
rates,
now
retail
at
Rs.
13,62,000
which
jumped
by
Rs.
11,400.
While
the
22-carat
gold
art
is
priced
at
Rs.
12,48,500
per
100
grams,
which
surged
by
Rs.
10,500.
Gold
Prices
Today
on
New
Year:
Chennai
Sees
Dip,
Bengaluru
&
Hyderabad
Record
Gains;
Check
Rates
On
Jan
1
Silver
prices
in
India
today
Silver
rates
in
India
today
also
surged
just
like
gold
rates.
1
kg
of
silver
in
India
costs
Rs.
2,42,000
after
jumping
by
Rs.
4000.
While
100g
of
silver
rates
in
India
retails
at
Rs.
24,200.
Gold
prices
City
Wise
on
Friday
Gold
prices
dropped
across
the
country
today.
Below
are
the
gold
rates
in
the
major
cities
of
India:
MCX
Gold
and
Silver
Futures
Prices
Today
Gold
futures
prices
on
the
MCX
set
to
mature
on
February
4th,
jumped
once
again
and
are
trading
at
Rs.1,36,774,
surging
by
0.71%
at
the
time
of
writing.
Similarly,
silver
futures
prices
set
to
mature
on
March
5th,
traded
higher
at
Rs.
2,42,916
after
rising
by
2.99%%
at
the
time
of
writing.
Outlook:
“MCX
Gold
Feb
is
likely
to
move
in
a
wider
range
of
Rs.
134,500
and
Rs.
137,200
with
bullish
bias.
Only
a
move
below
Rs.
134,500,
it
would
correct
towards
Rs.
132,500.
MCX
Silver
March
is
expected
to
hold
support
at
Rs.
232,000
and
rise
towards
Rs.
242,000.”
according
to
the
ICICI
Direct
Research
report.
Spot
Gold
Price
and
Spot
Silver
Rate
As
per
a
Reuters
report,
“Spot
gold
climbed
1.3%
to
$4,372.02
per
ounce
as
of
0357
GMT,
after
hitting
a
record
high
of
$4,549.71
on
December
26.
U.S.
gold
futures
for
February
delivery
gained
1%
to
$4,386.40/oz.
Spot
silver
added
2.8%
to
$73.30
per
ounce.”
“Spot
gold
is
expected
to
move
higher
amid
geopolitical
risks.
Tension
between
UAE
and
Saudi
Arabia
have
widened
into
an
unprecedented
public
confrontation.
The
rift
escalated
dramatically
in
late
December
2025
due
to
a
series
of
military
and
diplomatic
clashes.
Prices
would
also
get
support
from
increasing
prospects
of
further
monetary
policy
easing
from
the
US
Fed
and
safe
haven
buying.
As
per
the
CME
Fed-watch
tool
March
rate
cut
probability
gone
above
50%.
Further,
rising
frictions
between
US
and
Venezuela
continue
to
underpin
gold’s
defensive
appeal.
Spot
gold
is
expected
to
move
towards
$4380,
as
long
as
it
holds
above
$4300
mark.”
according
to
the
ICICI
Direct
Research
report.
Disclaimer:
The
views
and
recommendations
expressed
are
solely
those
of
the
individual
analysts
or
entities
and
do
not
reflect
the
views
of
Goodreturns.in
or
Greynium
Information
Technologies
Private
Limited
(together
referred
as
“we”).
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provide
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investment
advice
or
solicit
the
purchase
or
sale
of
securities.
All
information
is
provided
for
informational
and
educational
purposes
only
and
should
be
independently
verified
from
licensed
financial
advisors
before
making
any
investment
decisions.
Credit:
Goodreturns