Global Gold Prices Down 24% From Record. In India, It's Down 20%. Here's What Makes Up The Difference
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Global gold prices fell 24% from the record high hit on Jan.
- ✓29, 2026, while Indian prices dropped 20%.
- ✓The gap exists because India raised import duties to 15% on May 13.
Story at a Glance
- Category
- Indian Markets
- Reported By
- NDTV Profit
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
If you bought gold in Delhi at the peak in January, you are sitting on a smaller loss than someone who bought in London or New York on the same day.
Globally, spot gold ended at $4,068.71 an ounce on Friday. That is about 24% below the record close of $5,379 it hit on Jan. 29, 2026.
In the national capital, 99.9% pure gold closed at Rs 1,46,300 per 10 grams on Dhanteras, according to the All India Sarafa Association. It had touched a record Rs 1,83,000 on Jan. 29. That works out to a fall of about 20%.
So where did the other four percentage points go? Two things changed in India between January and now, and a third thing that was propping up local prices in January has since disappeared.
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