Gold Rate Today: MCX Gold Hits ₹1.58 Lakh as Global Spot Price Crosses $4,800

Mumbai, 21 January 2026: Gold prices surged to historic highs on Wednesday, extending an extraordinary rally across global and domestic markets. On the Multi Commodity Exchange (MCX), gold touched ₹1,58,339 per 10 grams, while international spot prices crossed the key psychological level of $4,800 per ounce for the first time, reinforcing bullion’s status as a preferred safe-haven asset amid mounting global uncertainty.

Spot Gold Crosses $4,800 as Safe-Haven Demand Intensifies

International gold prices surged past $4,800 an ounce, setting a fresh record. The sharp move followed heightened geopolitical tensions and a weakening US dollar, both of which supported demand for precious metals. Global markets remained unsettled by escalating diplomatic strains and instability in sovereign bond markets, pushing investors towards assets traditionally seen as stores of value.

MCX Gold Scales ₹1.58 Lakh After Opening at ₹1.51 Lakh

In domestic trade, MCX gold opened higher at ₹1,51,575 per 10 grams, compared with ₹1,50,565 in the previous session. Buying momentum remained strong through the day, lifting prices to a new all-time high of ₹1,58,339 per 10 grams, marking one of the steepest single-day moves in Indian bullion markets.

24K Gold Breaches ₹1.50 Lakh as Retail Prices Soar

Retail gold prices in India reflected the global rally. As of 21 January, 24-carat gold rose by ₹5,020 to ₹1,54,800 per 10 grams. 22-carat gold climbed by ₹4,600 to ₹1,41,900, while 18-carat gold increased by ₹3,770 to ₹1,16,110 per 10 grams. The price of 100 grams of 24-carat gold reached ₹15,48,000, underscoring the scale of the surge.

Gold Records Over 80% Rise in 12 Months

The current rally has taken gold prices up by over 80% in the past 12 months, delivering strong gains for holders of the yellow metal. However, the sharp rise has significantly raised acquisition costs for retail consumers, particularly ahead of the wedding and festive season, when physical demand typically peaks.

Bengaluru Gold Prices Jump ₹74,500 in a Single Day

Gold prices in Bengaluru mirrored the national trend. 24-carat gold rose by around ₹745 per gram to ₹15,726, translating to ₹15,72,600 per 100 grams, a jump of nearly ₹74,500 in one day. 22-carat gold increased to ₹14,415 per gram, while 18-carat gold climbed to ₹11,794 per gram, reflecting the sharp acceleration in prices.

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