Gold rate today 31 January 2026 turned historic for Indian markets as gold prices witnessed a sharp correction after a powerful rally earlier this week. MCX Gold (February 2026 futures) settled near ₹1,49,075 per 10 grams , down by more than ₹20,000 from the previous close. Gold Rate Today 31 January 2026: City-wise PricesRetail gold prices across major cities also dropped sharply. There were three main reasons behind the fall in gold rate today 31 January 2026. With volatility likely to remain high, investors are closely watching Budget announcements for the next move in gold prices.

Source: Mint January 31, 2026 16:04 UTC