Huge Rally in Gold Rate in India Today; Gold, Silver MCX Prices Hit Fresh Record High on 20 Jan Amid Global Trade-War Fears; Check Latest 22K, 24K ...

Gold prices in India hit a fresh record high today, continuing their strong rally for the past few sessions. On January 20, 2026, the price of 24 Karat gold rose to Rs 14,728 per gram, gaining Rs 104 from

the previous day, while 22 Karat gold climbed to Rs 13,500 per gram, up Rs 95. Over the last two days, gold prices have surged by nearly Rs 35,000 per 100 grams for 24 Karat gold.

Meanwhile, gold prices on the Multi Commodity Exchange (MCX) also touched a new record high on Tuesday morning, as escalating global trade-war risks boosted investor appetite for safe-haven assets while putting pressure on the US dollar.

"Gold and silver are no longer just commodities, they are geopolitics in metal form. When major powers fight over resources like Greenland, markets instinctively price in risk, and precious metals become the default refuge. This rally reflects not speculation, but a deeper loss of confidence in global stability,'' Mr. Amit Jain, Co-Founder of Ashika Global Family Office Services noted.

Gold Rate in India Today: Check Latest 22K, 24K & 18K Gold Prices on 20 January 2026

24 Karat Gold Rate Today in India

For 24 Karat gold on Tuesday, the price stood at Rs 14,728 per gram, up Rs 104 from yesterday's rate of Rs 14,624. At this level, 8 grams of 24 Karat gold cost Rs 1,17,824, reflecting an increase of Rs 832, while 10 grams were priced at Rs 1,47,280, up Rs 1,040. The price of 100 grams of 24 Karat gold rose sharply to Rs 14,72,800, marking a day-on-day gain of Rs 10,400.

22 Karat Gold Rate Today in India

22 Karat gold prices also moved higher on 20 January 2026. The rate rose to Rs 13,500 per gram, gaining Rs 95 from the previous day's Rs 13,405. Accordingly, 8 grams of 22 Karat gold were priced at Rs 1,08,000, up Rs 760 while 10 grams cost Rs 1,35,000, an increase of Rs 950. For larger purchases, 100 grams of 22 Karat gold were priced at Rs 13,50,000, reflecting a rise of Rs 9,500 from yesterday.

18 Karat Gold Rate Today in India

Meanwhile, the 18 Karat gold rate climbed to Rs 11,046 per gram, up Rs 78 from Rs 10,968 on January 20, 2026. Eight grams of 18 Karat gold were priced at Rs 88,368, higher by Rs 624, while 10 grams cost Rs 1,10,460, gaining Rs 780. The price of 100 grams of 18 Karat gold increased to Rs 11,04,600, registering a day-on-day rise of Rs 7,800.

MCX Gold Price Today: Check Spot Gold Rate on 20 January

MCX gold prices continued their upward momentum on Tuesday, January 20, 2026, with the February 5, 2026 expiry contract trading higher in the morning session. At around 10:31 a.m. IST, MCX gold was quoted at Rs 1,47,821 per 10 grams, registering a gain of Rs 2,182, or 1.5%, compared with the previous close.

The contract opened at Rs 1,45,775 per 10 grams, against a previous close of Rs 1,45,639, and witnessed healthy trading activity with a volume of 3,766 lots. Meanwhile, the spot gold price was recorded at Rs 75,340.

"MCX gold futures were holding near Rs 1.42-1.43 lakh per 10 grams after mild profit-taking from record highs, indicating resilience rather than trend exhaustion. The metal continues to find support from a softer dollar bias and ongoing geopolitical risks," Justin Khoo, Senior Market Analyst - APAC, VT Market.

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Credit: Goodreturns