New Delhi, January 8: Gold prices in India witnessed a marginal downward correction on Thursday, January 8, 2026, but continued to trade close to their historic highs. On the Multi Commodity Exchange (MCX), gold futures for February were hovering around INR 1,38,450 per 10 grams, indicating a cautious tone in the market as investors tracked global economic data, US dollar movements, and ongoing geopolitical developments. Check the current gold rates today in major Indian cities like Delhi, Mumbai, Chennai, Hyderabad, Bengaluru, Ahmedabad, Kolkata, Srinagar, Jodhpur, Jaipur, Bhopal, Lucknow, Noida, Ghaziabad, and Gurugram. Check the current gold rates in major Indian cities like Delhi, Mumbai, Chennai, Hyderabad, Bengaluru, Ahmedabad, Kolkata, Srinagar, Jodhpur, Jaipur, Bhopal, Lucknow, Noida, Ghaziabad, and Gurugram.

In the domestic retail market, prices softened slightly by INR 100–300 per 10 grams, largely due to profit-booking after the recent rally. However, strong wedding-season demand and steady investment interest continue to provide support to gold prices across major Indian cities. Gold Rate Today, January 7, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai, and Other Cities.

Gold Rates in India Today (January 8, 2026)

The table below shows the latest retail gold prices for 24K and 22K gold (per 10 grams) across key cities in India:

City 24K Gold (INR/10g) 22K Gold (INR/10g)
Delhi INR 1,38,020 INR 1,26,518
Mumbai INR 1,38,260 INR 1,26,740
Chennai INR 1,38,660 INR 1,27,105
Hyderabad INR 1,38,480 INR 1,26,940
Bengaluru INR 1,38,370 INR 1,26,839
Ahmedabad INR 1,38,450 INR 1,26,913
Kolkata INR 1,38,080 INR 1,26,573
Srinagar INR 1,38,150 INR 1,26,630
Jodhpur INR 1,38,240 INR 1,26,720
Jaipur INR 1,38,190 INR 1,26,674
Bhopal INR 1,38,410 INR 1,26,876
Lucknow INR 1,38,300 INR 1,26,775
Noida INR 1,38,300 INR 1,26,775
Ghaziabad INR 1,38,300 INR 1,26,775
Gurugram INR 1,38,230 INR 1,26,711

Key Market Observations

  • Marginal correction: Gold prices have cooled slightly after recent highs, with a modest decline seen across most cities.

  • Regional variation: Southern markets such as Chennai continue to quote slightly higher rates due to strong jewellery demand, while Delhi, Mumbai, and NCR cities remain competitive as major trading hubs.

  • Purity guide: 24K gold (99.9% purity) is mainly used for investment in coins and bars, while 22K gold (91.6% purity) is the preferred choice for jewellery. Gold Rate Today, January 6, 2026: Check 22K and 24K Gold Prices in Delhi, Mumbai, Chennai, and Other Cities.

Despite the short-term consolidation, the broader outlook for gold remains positive. Analysts believe that global uncertainties, central bank buying, and sustained domestic demand could keep gold prices elevated in 2026. Investors are also increasingly exploring Gold ETFs and digital gold as alternatives to physical purchases to avoid making charges and storage costs.

TruLY Score by LatestLY
Rating:3

TruLY Score 3 – Believable; Needs Further Research | On a Trust Scale of 0-5 this article has scored 3 on LatestLY, this article appears believable but may need additional verification. It is based on reporting from news websites or verified journalists (Goodreturns), but lacks supporting official confirmation. Readers are advised to treat the information as credible but continue to follow up for updates or confirmations

(The above story first appeared on LatestLY on Jan 08, 2026 08:42 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).