Gold Price in January 2026
In January 2026, gold rose 9.3%, from $4,341.10 at the end of December to $4,745.10 per troy ounce on January 30, 2026. The highest close was $5,318.40 on January 29, 2026, the lowest $4,329.60 on January 2, 2026, and the average over 20 trading days was $4,739.93. Today's price is 18.3% lower than the January 2026 close.
Gold ended January higher. What usually happens in February after a higher January →
- Gold rose 9.3% in US dollars in January 2026.
- Measured in other currencies, the change ranged from +3.6% in ZAR to +11.8% in INR, because exchange rates moved too.
- It did better than bitcoin (−10.2%) and US stocks (+1.5%), and worse than silver (+11.6%).
- It closed higher on 13 trading days and lower on 7, with an average daily move of 1.80%.
- It set 10 record closing highs (London price, records since 1968), the last on 29 January.
- Gold/silver ratio: 61.9 → 60.6.
- The biggest reaction to a scheduled US release was to the Fed rate decision on 28 January: +4.6% over two sessions.
Gold price chart, January 2026
US dollars per troy ounce · daily closeGold in other currencies, January 2026
| Currency | Change in the month |
|---|---|
| INR | +11.8% |
| TRY | +10.6% |
| PKR | +8.7% |
| CNY | +8.6% |
| CAD | +7.7% |
| EUR | +7.3% |
| EGP | +7.3% |
| JPY | +7.0% |
| GBP | +6.6% |
| CHF | +5.5% |
| AUD | +3.9% |
| ZAR | +3.6% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes gold rise more in local terms.
Gold vs other assets, January 2026
| Asset | Change (USD) |
|---|---|
| Gold | +9.3% |
| Silver | +11.6% |
| Bitcoin | −10.2% |
| S&P 500 (with dividends) | +1.5% |
| US inflation (CPI, month) | +0.37% |
| Gold/silver ratio | 61.9 → 60.6 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
The Fed and US Data in January 2026
Scheduled US releases this month and how gold moved. For Fed decisions the move covers two sessions, because the statement comes after the gold futures settle.
| Date | Release | Result | Gold |
|---|---|---|---|
| Fri 9 Jan | Jobs report (December 2025) | — | +0.9% |
| Tue 13 Jan | CPI inflation (December 2025) | — | −0.3% |
| Wed 28 Jan | Fed rate decision | Rates unchanged (3.50–3.75%) | +4.6% |
Key Events in January 2026
- Friday, January 30President Trump names Kevin Warsh as his nominee for Federal Reserve chair; gold and silver fall sharply from record highs. SourceGold: −10.8% that day
Daily Gold Prices, January 2026
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 24K India, ₹ per 10 g | 24K UAE, AED per gram |
|---|---|---|---|---|---|
| Jan 2Fri | $4,329.60 | −0.26% | $139.20 | ₹1,25,227 | AED 511.07 |
| Jan 5Mon | $4,451.50 | +2.82% | $143.12 | ₹1,28,817 | AED 525.46 |
| Jan 6Tue | $4,496.10 | +1.00% | $144.55 | ₹1,30,434 | AED 530.73 |
| Jan 7Wed | $4,462.50 | −0.75% | $143.47 | ₹1,29,364 | AED 526.76 |
| Jan 8Thu | $4,460.70 | −0.04% | $143.41 | ₹1,28,879 | AED 526.55 |
| Jan 9Fri | $4,500.90 | +0.90% | $144.71 | ₹1,30,100 | AED 531.29 |
| Jan 12Mon | $4,614.70 | +2.53% | $148.37 | ₹1,33,880 | AED 544.73 |
| Jan 13Tue | $4,599.10 | −0.34% | $147.86 | ₹1,33,274 | AED 542.88 |
| Jan 14Wed | $4,635.70 | +0.80% | $149.04 | ₹1,34,544 | AED 547.20 |
| Jan 15Thu | $4,623.70 | −0.26% | $148.66 | ₹1,34,062 | AED 545.79 |
| Jan 16Fri | $4,595.40 | −0.61% | $147.75 | ₹1,33,505 | AED 542.45 |
| Jan 20Tue | $4,765.80 | +3.71% | $153.22 | ₹1,39,288 | AED 562.56 |
| Jan 21Wed | $4,837.50 | +1.50% | $155.53 | ₹1,41,716 | AED 571.03 |
| Jan 22Thu | $4,913.40 | +1.57% | $157.97 | ₹1,44,600 | AED 579.98 |
| Jan 23Fri | $4,979.70 | +1.35% | $160.10 | ₹1,46,586 | AED 587.81 |
| Jan 26Mon | $5,082.50 | +2.06% | $163.41 | ₹1,49,518 | AED 599.95 |
| Jan 27Tue | $5,082.60 | 0.00% | $163.41 | ₹1,49,868 | AED 599.96 |
| Jan 28Wed | $5,303.60 | +4.35% | $170.51 | ₹1,56,079 | AED 626.04 |
| Jan 29Thu | $5,318.40 | +0.28% | $170.99 | ₹1,57,381 | AED 627.79 |
| Jan 30Fri | $4,745.10 | −10.78% | $152.56 | ₹1,40,021 | AED 560.12 |
How January usually goes for gold
In the 20 years from 2006 to 2025, gold rose in January 14 times out of 20, with an average move of +3.5% and a median of +3.7%. Every January since 1971 →
Gold in January 2026: FAQ
What was the price of gold in January 2026?
Gold traded between $4,329.60 and $5,318.40 per troy ounce (daily closes) in January 2026, averaging $4,739.93. It closed the month at $4,745.10.
How much did gold go up in January 2026?
Gold rose 9.3%, from $4,341.10 to $4,745.10. The biggest daily rise was +4.3% on January 28, 2026 and the biggest fall −10.8% on January 30, 2026.
What was the gold price on January 2, 2026?
Gold closed at $4,329.60 per troy ounce on January 2, 2026, the first trading day of the month. 24K India, ₹ per 10 g: ₹1,25,227.
Is January usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in January 14 times out of 20, with an average move of +3.5% and a median of +3.7%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in January 2026?
Gold rose 11.8% in Indian rupee terms in January 2026, compared with +9.3% in US dollars.
Did gold beat stocks in January 2026?
Yes. Gold was +9.3% for the month, against +1.5% for the S&P 500 with dividends.
How did gold react to the Fed and US data in January 2026?
Of 3 scheduled US releases this month, the biggest move came after the Fed rate decision on 28 January: +4.6%. The full list with each reaction is on this page.
Did gold keep up with inflation in January 2026?
US consumer prices (CPI) changed +0.37% in January, so gold's real (inflation-adjusted) change was about +8.9%.
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026goldpriceinjanuary, author = {{Corgano}}, title = {Gold Price in January 2026}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2026/january}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}