MCX gold prices surged to all-time highs in late January 2026, fueled by strong global demand,
safe-haven buying, and growing expectations of US Federal Reserve rate cuts.
On January 29, 24K gold touched nearly ₹1,67,080 per 10 grams, marking a historic milestone
for Indian bullion markets.
📊 Current MCX Gold Levels
Gold futures on the Multi Commodity Exchange (MCX) continued their bullish momentum, supported by heavy volumes
and rising open interest — a clear sign of sustained trader participation.
Category
Price
MCX Gold (Feb Expiry)
₹1,61,035 / 10g (+2.12%)
Day’s High
₹1,62,429
Day’s Low
₹1,59,900
Spot 24K Gold
₹16,708 / gram
Spot 22K Gold
₹15,315 / gram
Daily gains for 24K gold stood at ₹513, while trading volume jumped to 93,300 lots with open interest at 8,896.
📈 Recent Gold Price Trends
Gold has delivered an explosive rally over the past week. Prices climbed nearly ₹2,000 per 10 grams, translating into a sharp 13% jump from January 22 levels.
Date
24K Gold (₹/10g)
Change
Jan 29
₹1,67,080
+₹513
Jan 28
₹1,67,080
—
Jan 27
₹1,61,950
+₹1,130
Jan 25
₹1,60,260
+₹1,110
Year-to-date, MCX gold has surged over 27% from its 52-week low of
around ₹98,169, highlighting gold’s renewed dominance as a defensive asset.
US Fed rate cut expectations increasing non-yielding asset appeal
Policy uncertainty around potential Trump-era tariff moves
Globally, Comex gold hovered near $5,500 per ounce, rising almost 4% in recent sessions — adding strong tailwinds to domestic prices.
🔮 Market Outlook & Key Resistance
Analysts remain bullish on gold in the medium term, especially if the US Federal Reserve
signals a softer interest rate stance. However, traders advise caution near the ₹1,70,000 resistance zone due to potential volatility from equity market rallies
or sudden dollar strength.
Silver also joined the rally, with MCX silver prices jumping to ₹3,87,640 per kg, up nearly 4.64%, reinforcing the broader precious metals uptrend.
With macro uncertainty still high, gold continues to glitter — but sharp moves ahead mean disciplined trading is key.
Disclaimer: Yeh views market experts ke hain and not of trueincome. Investment karne se pehle certified advisor se consult zaroor karein.
