Once again a big movement is being seen in the prices of gold on January 3, 2026. Amidst the ever increasing inflation and turmoil in the global market, the prices of the yellow metal are skyrocketing. Instead of fading, the shine of gold is becoming brighter, which is directly impacting the common man's pocket and household budget. The latest data from Indian Bullion and Jewelers Association (IBJA) and bullion markets show that gold is now trading at record levels.

Increase in prices even after the market is closed

Bullion markets usually remain closed on weekends i.e. Saturday and Sunday, hence the price at which the market closes on Friday remains valid for the next two days. According to IBJA, by the time the market closed on Friday, the price of 24 carat gold rose to Rs 1,34,782 per 10 grams. However, this price is even higher in the retail market. If we look at the data of GoodReturns, today the average price of gold has become Rs 1,36,360 per 10 grams. The situation is even more shocking in the bullion market of the capital Delhi, where the price of gold has increased by Rs 1,100 to Rs 1,39,440 per 10 grams.

From Delhi to Chennai, know the condition of your city

It is very important for jewelery buyers to know the price of different carats, because jewelery is often made in 22 or 18 carats. According to the latest data of IBJA, the price of the purest i.e. 24 carat gold is Rs 1,34,782. At the same time, the price of 22 carat gold, which is most commonly used for jewellery, is Rs 1,23,460 per 10 grams. If you go for a slightly cheaper option i.e. 18 carat gold, then its price is Rs 1,01,087. The cheapest 14 carat gold is currently at the level of Rs 78,848 per 10 grams.

Why is the price of gold going out of control?

Not only domestic demand but also international reasons are responsible for these rising prices of gold. Market experts say that in times of global economic instability, investors are turning to gold as a safe investment. In the international market, spot gold has strengthened by 1.56 percent and reached $ 4,392.94 per ounce. According to Praveen Singh, expert of Mirae Asset Sharekhan, gold is also getting a boost due to the expectation of interest rate cut by the US Federal Reserve. Apart from this, central banks around the world are continuously buying gold, which is providing tremendous support to the prices. On MCX, the contract for February 5, 2026 also saw a rise and it reached Rs 1,36,448.