On 10 January 2026, gold prices rose sharply because of the persistent global economic and political uncertainty. The price of 24-carat gold rose to new levels in key cities of India, and 22-carat gold rose as well. In Mumbai, 24-carat gold is priced at Rs 1,39,320 per 10 grams and 22-carat gold at Rs. 1,27,710 per 10 grams. Important to note that these rates do not include the Goods and Services Tax (GST) or making charges, which can further influence the final price for buyers.

Gold Prices in Major Indian Cities on January 10, 2026.

Here is a breakdown of the latest gold rates in different cities across India for both 24-carat and 22-carat gold:

1. Delhi: 24K Gold: Rs 1,39,470, 22K Gold: Rs 1,27,860

2. Jaipur: 24K Gold: Rs 1,39,470, 22K Gold: Rs 1,27,860

3. Ahmedabad: 24K Gold: Rs 1,39,370, 22K Gold: Rs 1,27,760

4. Pune: 24K Gold: Rs 1,39,320, 22K Gold: Rs 1,27,710

5. Mumbai: 24K Gold: Rs 1,39,320, 22K Gold: Rs 1,27,710

6. Hyderabad: 24K Gold: Rs 1,39,320, 22K Gold: Rs 1,27,710

7. Chennai: 24K Gold: Rs 1,39,320, 22K Gold: Rs 1,27,710

8. Bengaluru: 24K Gold: Rs 1,39,320, 22K Gold: Rs 1,27,710

9. Kolkata: 24K Gold: Rs 1,39,320, 22K Gold: Rs 1,27,710

Price​‍​‌‍​‍‌​‍​‌‍​‍‌ differences between these cities are quite small, with gold prices in the biggest cities of Mumbai, Pune, and Delhi being at roughly the same level. Such variations result from local demand and supply situations as well as gold market dynamics at the global level.

How the Global Market Affects Gold Prices?

Domestic levels of gold prices moving upwards are a result of international tendencies. For example, just this week, the gold price in India jumped because of the escalating global uncertainty. The international market has been influenced by such factors as geopolitical tension, worries about inflation, and the persistent US interest rate cuts, which have all made gold a less risky investment.

India's gold price is heavily influenced by global market prices, import duties, taxes, and exchange rate variations. Right now, the Indian rupee has depreciated against the US dollar, which has further contributed to the rise in gold prices. The rise is actually a sign of an even bigger phenomenon worldwide, where the price of gold has increased by 67% just this year and finally reached a record high of $4,549.7 per troy ounce on December 26, ​‍​‌‍​‍‌​‍​‌‍​‍‌2025.

Jewellery​‍​‌‍​‍‌​‍​‌‍​‍‌ Market Trends and Consumer Behaviour.

Even though gold prices have increased, the Indian market demand has been lukewarm. Mumbai-based bullion dealers have reported a low number of customers in jewellery stores, and only coin and bar demand has been slight. Several jewellers blame this on the high prices, which have made consumers careful in their buying behaviour.

On the other hand, while demand in India has been relatively weak, other markets, especially China, have experienced a demand upsurge. In China, the premium on gold bullion has increased drastically and can get as high as $21 per ounce, compared to only $3 per ounce a week ago. This shows that gold demand is stronger in other countries, thus highlighting the influence of global trends on local prices.

Gold Prices vs. Stock Market Performance

Gold has appeared as the clear winner against major stock indices in India in 2025. While the Nifty 50 index gained only 9.7%, gold prices soared by an amazing 77% over this period. This is evidence of the investors' faith in gold as a safe haven, especially when stock markets perform poorly or show signs of instability.

The year 2025 was the time when investors seeking protection against inflation and currency risks turned to gold as a viable alternative. Given the uncertain global economic scenario, many have thus preferred gold as a dependable source of value, thereby elevating the demand. ​‍​‌‍​‍‌​‍​‌‍​‍‌

Gold remains a common investment and cultural symbol in India, and its prices vary according to local and international conditions. Investing in the yellow metal is vital to monitoring gold prices and following market developments as the global economy is changing. Gold remains a special currency for millions of Indians, whether for investment or cultural value.