Gold Rates In India Alert; 24K, 22K, 18K Gold Prices Weekly Outlook For January 12-16, Will Gold Hit New High?

Gold rates in India paused its two-consecutive days rally on Sunday, January 11, with 10 grams gold price staying at Rs 1,40,460 in 24 carat. Gold prices witnessed a volatile but upside last week driven by tensions in global trade and geopolitical. Also, weaker US job creation data further ignited hopes of a rate cut from US Federal Reserve. At the latest prices, gold is nearing its record high levels. In the coming week, a host of festivals have queued such as Makar Sankranti and Pongal among others. That being said, gold is expected to trade between Rs 1.25 lakh to Rs 1.42 lakh in the coming week at MCX.

Gold Rates In India:

10 grams of gold were priced at Rs 1,40,460 in 24 carat, at Rs 1,28,750 in 22 carat and at Rs 1,05,340 in 18 carat. The cheapest gold prices are at Rs 14,046 per gram for 24 karat gold, Rs 12,875 per gram for 22 karat gold and at Rs 10,534 per gram for 18 karat gold (also called 999 gold).

Further, 100 grams gold price is at Rs 14,04,600 in 24 carat, at Rs 12,87,500 in 22 carat and at Rs 10,53,400 in 18 carat.

Silver Rates In India:

1kg silver price stood at Rs 2,60,000 on January 11, unchanged from the previous day. Silver rates in 100 grams and 10 grams stood at Rs 26,000 and Rs 2,600 respectively. While 8 grams silver is at Rs 2,080 and 1 gram silver is priced at Rs 260.

MCX Gold Price + MCX Silver Price

Last week, on January 9, MCX gold with February 2026 expiry, is at Rs 1,38,875 per 10 grams, up by Rs 56 or 0.04%. Meanwhile, MCX silver price with February 2026 expiry, stood at Rs 2,54,481 per 1Kg, registering a strong rally of Rs 8,494 or 3.45%.

Gold & Silver Rates In India Weekly Outlook: January 12 To January 16

Analysts at SMC Global Securities said, bullion market witnessed heightened volatility throughout the week, with prices showing sharp movements on both sides. Gold ended the week with gains of over 1.5%, while silver outperformed, rising more than 4% on a weekly basis. The rally was driven by investor caution ahead of key U.S. jobs data and escalating geopolitical tensions across multiple regions.

They explained that geopolitical concerns intensified after President Donald Trump warned of a strong response to any potential Iranian violence against protesters. These remarks followed recent U.S. actions in Venezuela and renewed statements regarding the possibility of acquiring Greenland through military force. Over the weekend, U.S. military forces reportedly captured Venezuelan President Nicolas Maduro, further adding to global uncertainty and supporting safe-haven demand for precious metals. Bullion prices also found strong support from continued central-bank buying.

Also, China extended its gold accumulation streak for the 14th consecutive month.

Additionally, data showed that new U.S. unemployment claims rose moderately last week, suggesting layoffs remained limited toward the end of 2025, although overall labor demand stayed sluggish.

Further, analysts added that markets are currently pricing in at least two interest-rate cuts by the Federal Reserve this year, despite policymakers signalling only one cut in 2026.

As per the analysts, with the Fed expected to keep rates unchanged this month, real yields remain suppressed, reducing the opportunity cost of holding nonyielding assets like gold. Investor interest has been particularly strong in India. Gold ETF recorded their highest-ever monthly inflows in December, with net investments of $1.25 billion-up 231% from November.

Hence, on the technical front, SMC analysts note said, "COMEX gold continues to trade in the range of 4,280-4,580, while silver may move between 69-82. On MCX, gold is expected to trade between 133,000-143,000, and silver between 236,000-260,000 in the coming week."

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