Gold continues to play a central role in Indian culture and is also widely regarded as a preferred investment. On January 23, 2026, significant price differences were observed between Dubai and major Indian cities—including Chennai, Mumbai, and New Delhi, for both 22K and 24K gold. These variations are mainly influenced by changes in currency exchange rates, differing local demand, and variations in taxes and import duties.
| City | 24 Karat (₹) | 22 Karat (₹) |
| New Delhi | 1,58,710 | 1,45,484 |
| Mumbai | 1,58,980 | 1,45,732 |
| Kolkata | 1,58,770 | 1,45,539 |
Note: Rates are as of 09:30 AM on January 23, 2026. Prices may change based on market fluctuations.
As of January 23, 2026, 1 AED = ₹24.83. 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 gram |
| 24K | 595.50 | ₹14,786.27 | ₹1,47,862.65 |
| 22K | 551.50 | ₹13,693.75 | ₹1,36,937.45 |
Note: Prices reflect Dubai's morning gold rates on January 23, 2026. INR values are calculated using the latest available AED-INR rate.
| Karat | India Avg (10g) | Dubai (10g) | Price Difference |
| 24K | ₹1,59,130 | ₹1,47,862.65 | ₹11,267.35 |
| 22K | ₹1,45,869 | ₹1,36,937.45 | ₹8,931.55 |
Note: Price differences exclude VAT, import duties, and making charges.
Also Read: Silver Slips on January 22: Investors Step Back from Safe-Haven Assets
On January 23, 2026, gold prices in Dubai were significantly lower than in India, with 24K gold priced around ₹11,267.35 less and 22K gold about ₹8,931.55 cheaper per 10 grams. However, potential buyers need to consider additional costs, such as travel expenses, making charges, and applicable import regulations, before purchasing gold abroad.
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 23, 2026, 9:42 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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