The new year has barely settled in, and gold is already reminding investors why it never really goes out of style.
On January 2, gold prices across India edged higher, continuing the quiet strength we saw toward the end of last year. 24K gold moved up to around ₹137,010 per 10 grams, a near 0.9% jump from the previous close. Not a dramatic spike — but enough to signal steady underlying demand rather than speculative noise.
Lower purity grades followed the same path. 22K gold hovered near ₹125,593, while 18K traded around ₹102,758 per 10 grams. The pattern is consistent: buyers are present across segments, not just at the top end.
What stands out is the price gap with Dubai. Indian gold remains noticeably more expensive, and that’s not accidental. Import duties, local taxes, and strong domestic demand — especially at the start of a calendar year — continue to keep prices elevated. This usually hints that physical buying hasn’t dried up.
Globally, the backdrop remains supportive. A softer dollar and ongoing strength in international bullion markets are quietly doing the heavy lifting. There’s no panic trade here. It’s more of a slow migration back toward safety as investors reassess macro risks early in 2026.
Market Take:
Gold isn’t screaming higher, but it doesn’t need to. Its appeal right now lies in consistency. In an environment where currencies, rates, and geopolitics still feel unresolved, bullion is doing what it does best —holding attention without demanding headlines.
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