Gold Rate In India Today Takes A Big Leap After Major Crash; Check 22K, 24K,18K Gold & Silver Price on Jan 2

After undergoing a brief correction over the past few days, gold prices in India have rebounded sharply, because of the bullish momentum as the New Year 2026 begins.

The recovery comes after a strong performance in 2025, when the gold rate in India surged by nearly 64%, becoming one of the best years for the yellow metal in several decades.

The rally in gold prices last year was supported by multiple global and domestic factors. Interest rate cuts, along with expectations of further monetary easing by the U.S. Federal Reserve, played a major role in boosting investor appetite for the safe-haven asset. Gold Rate In India Falls for 3rd Straight Day Ahead of New Year 2026; 24K, 22K,18K Gold Now Off Record High

Gold Rate in India Today

As of January 2nd, the 24-carat gold rate in India jumped by Rs. 1140 per 10 grams to retail at Rs.1,36,200. The 22-carat gold rate in India now costs Rs. 1,24,850 per 10 grams, which surged by Rs. 1050. Likewise, the 18-carat gold rate in India spiked Rs.860 per 10 grams to retail at Rs. 1,02,150.

In a similar light, the higher quantities of gold, the 100 grams of 24-carat gold rates, now retail at Rs. 13,62,000 which jumped by Rs. 11,400. While the 22-carat gold art is priced at Rs. 12,48,500 per 100 grams, which surged by Rs. 10,500. Gold Prices Today on New Year: Chennai Sees Dip, Bengaluru & Hyderabad Record Gains; Check Rates On Jan 1

Silver prices in India today

Silver rates in India today also surged just like gold rates. 1 kg of silver in India costs Rs. 2,42,000 after jumping by Rs. 4000. While 100g of silver rates in India retails at Rs. 24,200.

Gold prices City Wise on Friday

Gold prices dropped across the country today. Below are the gold rates in the major cities of India:

MCX Gold and Silver Futures Prices Today

Gold futures prices on the MCX set to mature on February 4th, jumped once again and are trading at Rs.1,36,774, surging by 0.71% at the time of writing. Similarly, silver futures prices set to mature on March 5th, traded higher at Rs. 2,42,916 after rising by 2.99%% at the time of writing.

Outlook: "MCX Gold Feb is likely to move in a wider range of Rs. 134,500 and Rs. 137,200 with bullish bias. Only a move below Rs. 134,500, it would correct towards Rs. 132,500. MCX Silver March is expected to hold support at Rs. 232,000 and rise towards Rs. 242,000." according to the ICICI Direct Research report.

Spot Gold Price and Spot Silver Rate

As per a Reuters report, "Spot gold climbed 1.3% to $4,372.02 per ounce as of 0357 GMT, after hitting a record high of $4,549.71 on December 26. U.S. gold futures for February delivery gained 1% to $4,386.40/oz. Spot silver added 2.8% to $73.30 per ounce."

"Spot gold is expected to move higher amid geopolitical risks. Tension between UAE and Saudi Arabia have widened into an unprecedented public confrontation. The rift escalated dramatically in late December 2025 due to a series of military and diplomatic clashes. Prices would also get support from increasing prospects of further monetary policy easing from the US Fed and safe haven buying. As per the CME Fed-watch tool March rate cut probability gone above 50%. Further, rising frictions between US and Venezuela continue to underpin gold's defensive appeal. Spot gold is expected to move towards $4380, as long as it holds above $4300 mark." according to the ICICI Direct Research report.

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