28 Jan 2026 | 5 Mins Read

Gold price surges to all-time high of $5,220/oz amid tariff threats

Flipitmoney

Gold price reached an all-time high of $5,220 per ounce on January 28, with a 2.37% increase from the previous close. On the MCX, gold futures closed at Rs 1,57,666 per 10 grams, a 0.02% decline from the previous close. Gold prices surged due to geopolitical tensions, including US-NATO tensions over Greenland, and the ongoing crisis in Ukraine and Gaza.