Gold Price Today [31 January, 2026]: MCX Gold Retreats to ₹1.69 Lakh per 10g | Check City-Wise Gold Rates in Delhi, Mumbai, Chennai, Kolkata & More

Gold Price Today, 31 January 2026: Gold prices in India corrected sharply on Saturday, giving up a significant portion of the previous day's historic gains. The pullback was driven by profit-taking and a stronger US dollar following the nomination of a new Federal Reserve Chair, shifting market sentiment away from safe-haven assets.

Gold Price Today (31 January 2026)

• 24K Gold: ₹16,934 per gram
• 22K Gold: ₹15,524 per gram
• 18K Gold: ₹12,704 per gram
• Gold prices fell from yesterday's record highs, with 24K down ₹965 and 22K down ₹885 per gram.
• MCX Gold trades near ₹1.69 lakh per 10g after failing to hold the ₹1.78 lakh level.

Gold Rate Today: Sharp Correction After Record Rally

• 24K Gold yesterday: ₹17,900 per gram (-₹965 today)
• 22K Gold yesterday: ₹16,410 per gram (-₹885 today)
• The weekly trend remains positive, but today's drop highlights extreme volatility.
• Market correction driven by a firmer US dollar and hawkish Fed expectations.
• Investors are reassessing positions after the unprecedented price surge.

Gold Price Today: MCX Gold & Silver Prices in India

• MCX Gold (Jan 31): ₹1,69,200 per 10g
• MCX Silver (Jan 31): ₹4,05,000 per kg
• Both precious metals faced selling pressure in line with global spot markets.

Gold Prices in Mumbai

• 24K Gold: ₹16,920 per gram
• 22K Gold: ₹15,510 per gram
• 18K Gold: ₹12,690 per gram
• Price decrease from yesterday is ₹965 (24K), ₹885 (22K), and ₹724 (18K).

Gold Rate Today in Delhi

• 24K Gold: ₹16,934 per gram
• 22K Gold: ₹15,524 per gram
• 18K Gold: ₹12,704 per gram
• Rates reflect the national correction, though local demand provides mild support.

Gold Prices in Kolkata

• 24K Gold: ₹16,920 per gram
• 22K Gold: ₹15,510 per gram
• 18K Gold: ₹12,690 per gram
• Prices aligned with other major hubs, retreating from weekly highs.

Gold Prices in Chennai

• 24K Gold: ₹17,673 per gram
• 22K Gold: ₹16,200 per gram
• 18K Gold: ₹13,254 per gram
• Chennai maintains a premium over other cities but follows the downward trend.

Gold Rate in Bengaluru

• 24K Gold: ₹16,920 per gram
• 22K Gold: ₹15,510 per gram
• 18K Gold: ₹12,690 per gram
• Retail buying interest subdued following the sharp price drop.

Gold Price City-Wise (₹/gram)

City	24K Gold	22K Gold	18K Gold
Mumbai	₹16,920	₹15,510	₹12,690
Delhi	₹16,934	₹15,524	₹12,704
Kolkata	₹16,920	₹15,510	₹12,690
Bengaluru	₹16,920	₹15,510	₹12,690
Chennai	₹17,673	₹16,200	₹13,254
Hyderabad	₹16,920	₹15,510	₹12,690
Kochi	₹16,920	₹15,510	₹12,690
Pune	₹16,920	₹15,510	₹12,690
Ahmedabad	₹16,925	₹15,515	₹12,694

24K Gold Price Country-Wise (per 10g)

Country	Price (Local Currency)	Price (INR Equivalent)
Bahrain	BHD 591	₹1,43,740
Kuwait	KWD 483	₹1,45,330
Malaysia	MYR 6,870	₹1,59,800
Oman	OMR 638.50	₹1,52,070
Qatar	QAR 5,990	₹1,50,710
Saudi Arabia	SAR 6,050	₹1,47,910
Singapore	SGD 2,220	₹1,59,980
United Arab Emirates	AED 5,905	₹1,47,420
United States	$1,580	₹1,44,880
England (UK)	£1,154.60	₹1,44,930
Canada	CAD 2,237.50	₹1,50,670
Australia	AUD 2,495	₹1,59,260
Nepal	NPR 2,90,895	₹1,81,800
China	CNY 11,624.50	₹1,53,770
Pakistan	PKR 4,91,137	₹1,61,350
Bangladesh	BDT 2,04,848	₹1,53,950
Sri Lanka	LKR 6,05,000	₹1,79,740
Russia	RUB 1,25,599	₹1,52,570
Japan	JPY 2,57,756	₹1,52,700
Germany	EUR 1,403	₹1,52,450
France	EUR 1,403	₹1,52,450
New Zealand	NZD 2,770	₹1,54,200

Gold Rate in India for Last 10 Days (1 Gram)

Date	24K Gold	22K Gold
31 Jan, 2026	₹16,934	₹15,524
30 Jan, 2026	₹17,900	₹16,410
29 Jan, 2026	₹16,708	₹15,315
28 Jan, 2026	₹16,195	₹14,845
27 Jan, 2026	₹16,195	₹14,845
26 Jan, 2026	₹16,026	₹14,690
25 Jan, 2026	₹16,026	₹14,690
24 Jan, 2026	₹15,715	₹14,405
23 Jan, 2026	₹15,431	₹14,145
22 Jan, 2026	₹15,660	₹14,355

Gold Retreats from Record High Amid Dollar Strength

Gold prices pulled back sharply in international markets, retreating from the record high near $5,626 per ounce set earlier in the week. The primary catalyst was the nomination of a new Federal Reserve Chair, which led markets to anticipate a more hawkish monetary policy stance, strengthening the US Dollar and triggering profit-taking in non-yielding bullion.

In New York spot market trading, gold prices consolidated, with analysts noting the correction was a natural reaction following one of the most aggressive monthly rallies in decades. Despite the pullback, strong underlying support from central bank buying and geopolitical tensions is expected to limit deeper losses, keeping the long-term bullish structure for the precious metal intact.