Gold Outlook Today: Spot Gold Eyes $4,425; Buy MCX Gold Near Rs 1.35 Lac Or Brace For A Deeper Fall?

The price of gold in India jumped dramatically on Monday, January 5th, reaching Rs 13,740 per gram for 24 carat gold, Rs 12,595 per gram for 22 carat gold, and Rs 10,305 per gram for 18 carat gold. This happened after an explosive mix of safe-haven demand, geopolitical uncertainty, and growing prospects of US monetary easing caused gold prices to trade with a strong upward bias on both the MCX and the international spot market.

Gold Rates In India Today

24k of 100 gms of gold will cost Rs 13,74,000 in India today, up from Rs 13,58,200 yesterday, indicating a price rising by Rs 15,800 overnight. Gold prices in India reached Rs 1,37,400 for 24k of 10 grams today, which was Rs 1,35,820 yesterday.

The price of 22k of 10 grams of gold in India today was Rs 1,25,950, up from Rs 1,24,500 yesterday, indicating an increase in price of Rs 1,450. Similarly, the price of 22k of 100 grams of gold in India on Monday became Rs 12,59,500, up from Rs 12,45,000 yesterday, indicating an overnight price boost of Rs 14,500.

The price of 18k of 100 gms of gold in India jumped by Rs 11,800 overnight to Rs 10,30,500 on Monday from Rs 10,18,700 yesterday. Today, the price of 18k of 10 grams of gold in India is Rs 1,03,050 instead of Rs 1,01,870 yesterday.

MCX Gold Outlook Today

"On the technical front, MCX Gold has witnessed its first major dip in the recent past and is now trading near its crucial 20 DEMA momentum support zone. Any break below the 20 DEMA line could invite further selling pressure. Over the last four sessions, prices have been consolidating in a very narrow range, indicating a lack of momentum. However, the broader trend continues to remain positive. Immediate resistance is placed at 140,440, while support is seen at 134,300. Since the trend remains bullish, traders can consider buying MCX Gold near 135,000 for a target of 139,400, with a stop-loss placed below 133,950," commented Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

"MCX Gold Feb is likely to move in a wider range of ₹134,500 and ₹137,200 with bullish bias. A move above ₹137,200, it would rise towards ₹139,000," stated the research analysts of ICICI Securities.

Spot Gold Outlook Today

"Spot gold is expected to move higher today, primarily driven by a surge in safe-haven demand due to fresh geopolitical tensions and a weaker US dollar. Fresh geopolitical conflict has increased market instability, pushing investors towards gold as a safe-haven asset to protect their wealth. In a massive escalation of tensions, the United States conducted a large-scale military operation in Venezuela on January 3, 2026, capturing President Nicolás Maduro," commented the technical research analysts of ICICI Securities.

"Prices would also get support from increasing prospects of further monetary policy easing from the US Fed. As per the CME Fed-watch tool March rate cut probability has gone above 50%. Further, Spot gold is expected to move towards $4425, as long as it holds above $4330 mark," they further added.

Gold And Silver Rates Fundamental Outlook Today

"Gold and silver prices are trading higher today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly higher for the day; as gold and silver prices advanced, with investors seeking the safety of precious metals to counter heightened geopolitical risks following the US capture of Venezuelan leader Nicolás Maduro," commented the research analysts of Nirmal Bang Securities.

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