#Gold Price News Today 20-1-2026 - Elliott Wave and technical analysis of Gold, focusing on market structure, key support and resistance zones. Video by MCO Global Equities & Commodities.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
Gold prices surged to new record highs on January 20, 2026, breaking through the $4,700 per ounce milestone in international markets. In India, domestic rates breached the ₹1.5 lakh per 10 grams mark for the first time. The rally is primarily driven by escalating global trade tensions following U.S. threats of tariffs against European nations, alongside domestic concerns regarding Federal Reserve independence.
Key Market Drivers
The current surge is attributed to a "perfect storm" of geopolitical and economic factors:
--Trade War Fears: Renewable tensions between the U.S. and Europe, specifically regarding tariff threats linked to Greenland, have sparked a massive flight to safe-haven assets.
--Fed Independence: News of a criminal investigation into Federal Reserve Chair Jerome Powell has raised concerns about political interference in monetary policy, weakening the U.S. dollar and boosting gold's appeal.
--Global Uncertainty: Ongoing conflicts in the Middle East and Ukraine continue to support long-term bullish sentiment for precious metals.
Current Market Rates (January 20, 2026)
Prices have shown significant daily gains across major benchmarks:
--International Spot Gold: Trading at approximately $4,737.40 per ounce, a gain of roughly 1.4% from the previous session.
--MCX Gold Futures (India): Reached a new peak of ₹1,47,821 per 10 grams (February expiry), rising over 1.5%.
--Retail Gold (India): 24K gold is priced at approximately ₹1,48,290 per 10 grams in major cities like Mumbai, while 22K gold stands at ₹135,933.
