Gold Shatters All Records: ₹16,386 Per Gram as Monday Opens with Historic ₹526 Surge!
Fikrokhabar's predictions come true! Gold explodes past ₹16,800 with GST as India witnesses another jaw-dropping rally experts stunned as 24K breaches new all-time high on Monday morning.
New Delhi, January 26, 2026 – The gold market opened Monday with a thunderous roar, defying all expectations as prices skyrocketed to unprecedented levels. Just as Fikrokhabar predicted, the precious metal continued its historic rally, with 24-karat pure gold now trading at a staggering ₹16,386 per gram and crossing ₹16,877 per gram when including 3% GST.
This represents a massive ₹526 single-day jump, leaving investors, jewelers, and buyers across the nation in absolute shock.
Today’s Record-Breaking Prices
India Gold Prices (January 26, 2026):
Base Prices + With 3% GST:
- 24K Pure Gold: ₹16,386 per gram | ₹16,877 with GST 🔼 (up ₹526)
- 22K Gold: ₹15,021 per gram | ₹15,472 with GST 🔼 (up ₹483)
- 18K Gold: ₹12,290 per gram | ₹12,659 with GST 🔼 (up ₹395)
UAE Gold Prices:
- 24K Gold: AED 599 per gram 🔼 (up AED 8) – NEW ABSOLUTE PEAK!
- 22K Gold: AED 549.08 per gram 🔼 (up AED 7.33)
- 18K Gold: AED 449.25 per gram 🔼 (up AED 6)
Silver Also Joins the Rally
India Silver Prices (January 26, 2026):
- Pure Silver: ₹340 per gram | ₹350 with GST 🔼 (up ₹5)
UAE Silver Price:
- Pure Silver: AED 12.6 per gram 🔼 (up AED 0.4)
Market in Complete Frenzy
Monday’s opening has confirmed what many feared and few hoped the gold rally shows no signs of stopping. Jewelers across major cities report phones ringing non-stop with panicked customers checking prices, while others are walking into stores only to walk out in disbelief.
“We’ve crossed ₹16,000 with GST just days ago, and now we’re approaching ₹17,000,” said a Mumbai-based jeweler. “Customers don’t know whether to buy now or wait. Nobody has seen anything like this.”
What Global Experts Are Saying
The rally is being driven by multiple global factors that continue to strengthen:
Goldman Sachs has raised its year-end gold target to $5,400 per ounce, citing gold as “long-term insurance against heightened debt levels and policy uncertainty.”
JP Morgan forecasts gold averaging $5,055 per ounce by Q4 2026, potentially reaching $5,400 by end of 2027, based on continued strong central bank and investor demand.
MKS PAMP’s head of metals strategy expects $5,400 this year, calling it “a secular trade, not a commodity blowoff top.”
Why This Rally Won’t Stop
Several powerful forces are driving prices higher:
Central Bank Buying: Banks purchased 750-900 tonnes in 2025, with similar buying expected in 2026.
Geopolitical Tensions: Ongoing global uncertainties are pushing investors toward safe-haven assets.
Weaker Dollar: Currency movements are making gold more attractive internationally.
Inflation Fears: Rising inflation globally is driving massive demand for gold as a wealth protector.
Investor Demand: Gold ETF inflows in India hit record ₹116 billion in December 2025 alone.
India’s Gold Reality Check
For a standard 10-gram gold jewelry purchase today:
- 24K: ₹1,68,770 (nearly ₹1.7 lakh!)
- 22K: ₹1,54,720 (over ₹1.5 lakh!)
- 18K: ₹1,26,590 (over ₹1.25 lakh!)
Wedding planners are in crisis mode. Families who budgeted ₹2-3 lakhs for gold purchases just weeks ago now find their budgets falling short by lakhs of rupees.
Expert Advice for Buyers
For Wedding Purchases: Buy only absolutely essential items. Consider lightweight designs. Explore gold exchange programs. Postpone non-urgent jewelry buying.
For Investors: Avoid panic buying at these elevated levels. Consider systematic investment plans. Book partial profits if you bought lower. Diversify across multiple assets.
For Long-Term Holders: Don’t panic sell. Review your portfolio allocation. Rebalance if gold is now too large a portion of your wealth.
What to Watch This Week
Several critical factors will determine if this rally continues:
Federal Reserve Meeting: Expected to keep rates unchanged, but any surprise could move markets dramatically.
Dollar Strength: A stronger dollar could pressure gold prices downward.
Geopolitical News: Any escalation in global tensions will likely push gold even higher.
Physical Demand: Watch Indian and Chinese buying patterns for market direction signals.
ETF Flows: Continued inflows suggest more upside; reversals could signal a top.
The Big Picture
What started as an extraordinary rally has now become a full-blown market phenomenon. With gold crossing ₹16,800 per gram (with GST) in India and approaching $5,000 per ounce globally, the precious metals market has entered uncharted territory.
Whether this represents a sustainable new price level or an unsustainable bubble that will eventually burst remains the trillion-rupee question. What’s certain is that the coming days will be absolutely critical for anyone involved in the gold market.
For buyers, investors, and traders alike, one thing is clear: the gold market of 2026 is rewriting all the rules. The only constant is volatility, and the only certainty is uncertainty.
Stay connected with Fikrokhabar for real-time gold and silver price updates and breaking market news throughout the day.
Market Opens Monday: Key Levels to Watch
- Support: ₹15,800-₹16,000 (24K before GST)
- Resistance: ₹16,500-₹16,700 (24K before GST)
- Critical Psychological Level: ₹17,000 with GST (equals approximately ₹16,505 before GST)
