Gold Shatters Records: Global Prices Surge Past $4,900 for the First Time
By Lions Roar Business Desk
GLOBAL (Friday, January 23, 2026) — In a historic shift for global commodity markets, the price of gold has shattered all previous records, surging past the US$4,900 mark for the first time in history. This unprecedented rally has sent shockwaves through financial sectors as investors flock to the precious metal amid shifting global economic dynamics.
📈 Historic Peak: $4,955.74 per Ounce
Foreign media reports confirm that gold reached a staggering high of US$4,955.74 per ounce today. This represents the highest valuation ever recorded, surpassing previous psychological barriers and setting a new benchmark for the “safe haven” asset.
- Market Momentum: The surge is being driven by a combination of geopolitical tensions, currency fluctuations, and a strategic move by institutional investors seeking stability.
- The New Benchmark: Analysts suggest that the $4,900 mark, once considered a distant possibility, has now become the new support level for the market.
🔮 Goldman Sachs Predicts $5,400
The rally appears far from over. Goldman Sachs, a leading global investment bank, has released a bold forecast suggesting that the upward trajectory will continue throughout the year.
- Year-End Forecast: The bank anticipates that gold could hit US$5,400 per ounce by the end of 2024/early 2025.
- Driving Factors: Goldman Sachs points to continued central bank purchases and a hedge against potential inflation as the primary catalysts for this projected 10% further increase.
🇱🇰 Impact on Sri Lanka: Prices Set to Skyrocket
The global surge is expected to hit the local market immediately. Market sources in Sri Lanka indicate that gold prices in Colombo’s Sea Street and other major hubs will likely see a significant spike today.
- Expectations: Given the global leap to nearly $5,000, the price of 24-karat and 22-karat gold in Sri Lanka is expected to reach record-breaking levels, potentially impacting the local jewelry industry and wedding season demand.
📊 Global Gold Price Snapshot: Jan 23, 2026
| Metric | Detail |
| New All-Time High | US$4,955.74 |
| Previous Milestone | US$4,900 |
| Goldman Sachs Projection | US$5,400 |
| Primary Trend | Aggressive Bullish |
