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Gold prices in India could fall to below Rs. 1 lakh per 10 g in the aftermath of hitting Rs. 1.80 lakh in Jan 2026.

In early 2026, gold prices in India decreased in a rollercoaster fashion. In January the yellow metal recorded record highs, with a few recording highs of 24K gold of ₹1.80 lakh per 10 grams, equivalent to approximately ₹18,000 per gram in a few cases, meeting with the geopolitical tensions, the weak rupee, and the high demand of the safe haven in the global economic uncertainties.

In late January, 24K gold was bought for 24,000 in some cities, and the 10g price rose much higher than 178,000 rupees. This speculation was a meaningful upward analyst amidst previous levels driven by such factors as the US Federal Reserve indicators and overseas bullion speculations.

February 2026, however, had a correction of sharpness. By mid-February (c. February 20), 24K gold has dropped to about 2200 per gram, which is about 1.56 lakh per 10 grams on MCX and local markets. This is a decline of more than 10-15 percent in the weeks of January itself, with some reports showing a decline of 16-21 percent in the last few sessions on the back of profit booking, level world cues, and decreased buying interest.

Market analysts are now warning that in case the downward trend continues, as it may be due to cooling of tension or strengthening of the rupee or alteration of US policy, the gold rates may go down further, even below 1 lakh per 10 grams in the next few months or even by 2027. Although festive and wedding demand can slightly support buyers, analysts recommend caution to those who are on the periphery.

Investors are advised to carefully look at international spot prices (at the moment close to 4,900-5,000/oz) and national events. Gold is a long-term hedge, although the recent volatility illustrates how the hedge can be affected by the happenings across the globe. Keep time with the changing market!