Gold Rate Today 1st January 2026: Gold is up by 0.14%; check prices in Mumbai, Chennai, Delhi, Bengaluru

Why is the Gold price moving today?

Gold prices were trending sideways on back a firm dollar index and  low trading owing to the holiday season and. A strong dollar makes precious metals like gold more expensive for other currency holders, thereby denting demand.  

Most international markets are closed today due to the New Year holiday. This year gold has gained nearly 66%, marking one of its best annual gains in more than four decades. The yellow metal surged in 2025, owing to tensions that came on the back of tariff rollout by the US. This along with US rate cuts added pressure to the gold prices. 

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The US Federal Reserve’s dovish stance and increasing bets of additional rate cuts in 2026 keep the precious yellow metal under pressure. Additionally, the safe-haven appeal of the metal continues to bring gains, owing to lack of optimism over the Russia-ukraine war. Further, tensions involving the Middle East, and geopolitical uncertainties between US-Venezuela continue to add pressure to the yellow metal. Robust buying by central banks, and ETF inflows continue to add gains to the precious metals. 

Silver prices were trending sideways, after recording historic highs in previous sessions, owing to aggressive profit booking and margin hikes by the CME group. However, prices are expected to elevate owing to strong industrial demand along with persistent supply constraints. China’s export restrictions are set to kick in from today, which is expected to add pressure on the prices of the white metal.

Outlook for Gold Investors

Analysts expect the prices of gold to remain elevated in the longer run. Experts have added that the yellow metal is expected to cross the $5,000/oz mark in 2026, owing to increasing bets of rate cut by the US Federal Reserve, and geopolitical tensions. For 2026, prices of silver are expected to  extend high gains as some analysts have said that the white metal may cross the $100/oz mark. The addition of silver to the lists of critical metals by the US, and China’s export restrictions are likely to add pressure on the white metal, which outperformed gold in 2025, as it gained nearly 144%. 

Retail investors are advised to track not just domestic rates but also international trends before making buying decisions.

Gold Rate Today in Metro Cities (₹ per 10 grams)

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