Gold Rates Record Humongous Jump On Jan-21: Gold Rate Up Rs 74,800 In Hyderabad; 24K, 22K, 18K Gold Prices

Gold rates in India have just recorded a humongous single-day jump to hit yet another fresh all-time high on January 20. The reason behind safe-haven's impressive rally is the heightened global uncertainty amid trade war tensions, which escalates ahead of US President Donald Trump's World Economic Forum visit. Apart from this, investors are also eyeing the US' apex court ruling over Trump's extraordinarily high tariffs.

In cities like Hyderabad, gold prices rallied highest by nearly Rs 75,000 per 100 grams and lowest by Rs 560 per 1 gram, making it the best single-day performance of 2026. Gold in Hyderabad has recorded a three-consecutive-day rising spree and has been in the green for the past five days. Currently, gold rates are at a new historic high in the city.

Gold Rates In Hyderabad:

24 carat gold rallied by Rs 7,480 to new all-time high of Rs 1,57,260 per 10 grams, while 100 grams gold skyrocketed by Rs 74,800 to Rs 15,72,600 which is also a new record. Further, 8 grams and 1 gram gold prices rose by Rs 5,984 and Rs 748 to new record of Rs 1,25,808 and Rs 15,726 respectively.

Further, 22 carat gold prices surged by Rs 6,850 to Rs 1,44,150 per 10 grams, while the 100 grams gold climbed by Rs 68,500 to Rs 14,41,500. In the same carat, 8 grams gold soared by Rs 5,480 to Rs 1,44,150 and 1 gram gold is up by Rs 685 to Rs 14,415.

Under 18 carat gold, 10 grams price advanced by Rs 5,600 to Rs 1,17,940. Here, 100 grams gold price jumped by Rs 56,000 to Rs 11,79,400, while 8 grams is up by Rs 4,480 to Rs 94,352. The cheapest 18 carat is of Rs 11,794 per 1 gram, which saw an upside of Rs 560 on January 21.

So far this month, gold has skyrocketed by nearly 15%.

What Is Impacting Gold Prices In India & Globally?

According to Rahul Kalantri, VP Commodities, Mehta Equities, gold and silver prices extended their rally to fresh record highs, driven by heightened global uncertainty amid escalating trade war tensions.

Also, additional support came after the U.S. Supreme Court deferred its ruling on the legality of Trump-era tariffs. Sharp sell-offs in global equity markets, triggered by renewed geopolitical concerns including U.S. ambitions toward Greenland, prompted investors to shift toward safe-haven assets. Rising U.S. 10-year bond yields, influenced by heavy selling in Japanese bonds, further underpinned bullion prices.

Meanwhile, continued weakness in the Indian rupee provided additional upside support.

Gold Prices Prediction:

Looking ahead, Kalantri said, gold has support at $4695-4625 while resistance at $4820-4860. Silver has support at $92.10-89.75 while resistance is at $95.95-97.40. In INR gold has support at Rs1,49,050-1,47,310 while resistance at Rs1,51,950-1,54,470. Silver has support at Rs3,05,810, 2,92,170 while resistance at Rs3,30,810, 3,35,470.

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