Gold rate in India today: The MCX gold rate continued its 2026 bull run amid escalating global tensions and worries about an impending US recession. The price of the valuable yellow metal has risen from ₹1,35,447 to ₹1,38,875 per 10 grams, giving investors a return of almost 2.50% in 2026.
Gold Price Rally Driven by Global Uncertainty
Experts in the commodities market claim that because of the increased geopolitical tensions after the US airstrikes on Venezuela, the gold price is now in a bull trend. They said that the US’s 4.4% unemployment rate at the start of 2026 has sparked concerns about a potential recession.
In the near run, this combination creates a favorable safe-haven demand for gold. They projected that once gold prices in India surpass the existing barrier of ₹1,40,000 per 10 gm, they would shortly reach ₹1,45,000 per 10 gm. They said that the US Supreme Court’s opinion on tariffs would be important since the court is scheduled to rule on Trump’s tariffs on Wednesday.
Why Gold Is Acting as a Safe-Haven Asset in 2026
Anuj Gupta, a commodities specialist registered with SEBI, explained why the price of gold is now in a bull trend: “The main grounds for anticipating the continuation of the bull trend in gold prices are rising geopolitical tension and the rekindled fear of US recession.” After the worst monthly rate of job growth outside of a recession since 2003, the US started 2026 with an unemployment rate of 4.4%. This shows that Trump’s tariffs are weakening the US economy and setting off a recession.
According to Anuj Gupta, the geopolitical tension has become worse due to the US invading Venezuela and the lack of any tangible progress on a peace agreement in the conflict between Russia and Ukraine. In actuality, the US-Venezuela confrontation is a harbinger of a realignment of the world’s forces since China may now begin invading Taiwan, modeling its actions after the US assaults on Venezuela.
Gold Market Risks: Focus on US Supreme Court Tariff Verdict
“The US Supreme Court’s decision on Trump’s tariffs was expected on Friday, but the US Supreme Court is set to issue its next round of rulings on January 14, 2026, i.e., on Wednesday next week,” said Amit Goel, Chief Global Strategist at Pace 360, advising gold investors to be cautious about the court’s decision. The market is speculating that Donald Trump may lose the US Supreme Court’s decision over tariffs, which would reduce concerns about a trade war and tariff increases.
🟡 MCX Gold Price Snapshot (2026)
- Current Price: ₹1,38,819 per 10 grams
- 2026 Return: ~2.50%
- Support Zone: ₹1,35,000 – ₹1,37,000
- Immediate Resistance: ₹1,40,000 – ₹1,42,000
- Market Bias: Bullish on dips
Technical View: Support and Resistance Levels
Ponmudi R, CEO of Enrich Money, predicted that the bull trend will continue, saying, “Today’s gold rate on MCX is quoting ₹1,38,819 per 10 grams, stabilizing after recording lifetime highs and moving inside a well-defined upward channel.” The range of ₹1,35,000 to ₹1,37,000 provides strong support for the price of gold today.
The ₹1,40,000 to ₹1,42,000 range is the immediate barrier; a clear breakthrough over this range might push prices closer to ₹1,45,000 and beyond. Firm global pricing, a favorable rupee trend, and consistent investment flows all contribute to the overall structure’s continued positivity.
🌍 COMEX Gold Price Outlook
- Current Range: $4,500 – $4,517 per ounce
- Key Support: Near $4,400
- Bullish Trigger: Sustained move above $4,600
- Upside Target: $4,800 – $5,000
- Trend: Multi-year ascending channel intact
COMEX Gold Trend and Global Price Signals
According to Ponmudi R of Enrich Money, COMEX Gold futures are continuing to follow a multi-year ascending channel while stabilizing around the $4,500–$4,517 per ounce level after hitting recent highs. On pullbacks, price action keeps creating higher lows, indicating robust underlying demand.
In line with the channel base and important moving averages, crucial support is located close to $4,400. A persistent stay above this range keeps the bullish bias in place. A clear breakthrough over $4,600 might pave the way for a move toward $4,800–$5,000 on the upside. Due to central bank accumulation and safe-haven demand, the general trend still favors buy-on-dips.
Frequently asked questions
1. Is the price of gold increasing in India right now?
Yes, due to demand for safe havens and global signals, MCX gold has been going upward with notable gains lately.
2. How will the US Supreme Court’s tariff decision impact gold?
Indeed, it may have an indirect impact on gold flows by influencing trade policy mood, risk appetite, and currency strength.
3. Should I wait for the tariff ruling before purchasing gold?
Because the markets might swing either way, purchasing gradually (staggered purchases) may be preferable than making a single, substantial purchase before to the ruling if you are risk averse.
4. Is gold a reliable hedge against concerns about a recession?
Yes, historically, when GDP slows, inflation increases, or geopolitical tensions rise, gold often acts as a safe haven.
5. How long should gold investors take into account?
Forecasts and present fundamentals are favorable for long-term investors (12+ months). For short-term traders, keep an eye on important developments such as US economic statistics and tariff decisions.
Conclusion
Is this a good time to purchase gold? Yes, but with a plan.
Global uncertainty indicates that gold may continue to grow, and its trend is still optimistic. However, short-term volatility and price fluctuations may result from the impending US Supreme Court ruling. To reduce risk, think about using a staggered strategy (buying on dips) rather than making all of your purchases at once.
Disclaimer
There is no financial advice in this analysis. Price projections are inherently unpredictable, and market circumstances change quickly. Before making any investing choices, please speak with a professional financial adviser.
