Gold carries strong cultural and investment importance in India. As of January 2, 2026, the prices of 22K and 24K gold highlight a noticeable difference between Dubai and major Indian cities like Chennai, Mumbai, and New Delhi. This variation is driven by factors such as currency exchange rates, local demand, taxes, and import duties, often making gold purchases in Dubai relatively more cost-effective for buyers.
| City | 24 Karat (₹) | 22 Karat (₹) |
| New Delhi | 1,36,440 | 1,25,070 |
| Mumbai | 1,36,680 | 1,25,290 |
| Kolkata | 1,36,500 | 1,25,125 |
Note: Rates are as of 10:15 AM on January 2, 2026. Prices may change based on market fluctuations.
As of January 2, 2026, 1 AED = ₹24.43. Based on this rate, Dubai gold prices converted to INR show a pricing advantage over Indian domestic rates.
| Purity | Dubai Price (AED/gram) | INR/gram | INR/10 grams |
| 24K | 524.00 | ₹12,795.32 | ₹1,27,953.20 |
| 22K | 485.25 | ₹11,852.58 | ₹1,18,525.80 |
Note: Prices reflect Dubai's morning gold rates on January 2, 2026. INR values are calculated using the latest available AED-INR rate.
| Karat | India Avg (10g) | Dubai (10g) | Price Difference |
| 24K | ₹1,37,000 | ₹1,27,953.20 | ₹9,046.80 |
| 22K | ₹1,25,583 | ₹1,18,525.80 | ₹7,057.20 |
Note: Price differences exclude VAT, import duties, and making charges.
Also Read: Dubai Gold Rate: What Is the Price of 22K and 24K Gold in Dubai Today, January 2, 2026?
On January 2, 2026, gold prices in Dubai were lower than in India, with 24K gold approximately ₹9,046.80 less and 22K gold around ₹7,057.20 cheaper per 10 grams. Buyers looking to purchase gold abroad should consider these savings alongside potential additional costs, including travel, making charges, and import regulations.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 2, 2026, 10:24 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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