Gold and silver prices in India remain elevated as of January 27, 2026, with gold reaching ₹1.62 lakh per 10 grams and silver nearing ₹3.75 lakh per kilogram amid ongoing market fluctuations.
On January 27, 2026, gold and silver prices in India exhibited a mixed trend following a significant rise in the previous week. Gold prices surged by 12% in January, while silver saw an impressive increase of over 18%. This upward movement has been attributed to global uncertainties, currency fluctuations, and robust demand within India.
Both precious metals recently reached record highs, with gold breaking the $5,000 per-ounce barrier for the first time, driven by heightened safe-haven demand amid escalating global tensions. However, after these peaks, both metals are now experiencing slight corrections, presenting investors with potential re-entry points.
As of today, the price of 24-carat gold stands at ₹16,195 per gram, while 22-carat gold is priced at ₹14,845 per gram. Silver prices have also seen an increase, with rates in Coimbatore reaching ₹375 per gram, equating to ₹3.75 lakh per kilogram.
Gold prices have shown volatility, hitting an all-time high earlier this week before experiencing a slight decline. Over the past week, gold has risen by approximately ₹1,690 per 10 grams, while silver has jumped nearly ₹40,000 per kilogram. Weekly trends indicate that gold has increased by about ₹12,170 per 10 grams, with silver rising roughly ₹45 per gram, reflecting a notable rally in bullion prices.
In Coimbatore, silver prices rose by ₹10 per gram in a single day, although some profit booking has been observed following consecutive daily gains. Despite this correction, global spot prices remain firm, and investor demand continues to be strong amid ongoing inflation concerns.
Gold futures on the Multi Commodity Exchange (MCX) remain close to their all-time highs, supported by a weakening rupee and a persistent search for safe-haven assets. Meanwhile, silver futures have displayed volatility due to increased industrial demand, particularly from the electronics and renewable energy sectors. Notably, industrial demand for silver has surged to 55% from below 40% a decade ago.
City-wise gold and silver prices in India are as follows:
Mumbai: 24K Gold: ₹16,195 per gram, 22K Gold: ₹14,845 per gram, Silver: ₹370–₹375 per gram.
Delhi: 24K Gold: ₹16,210 per gram, 22K Gold: ₹14,860 per gram, Silver: around ₹372 per gram.
Kolkata: 24K Gold: ₹16,195 per gram, 22K Gold: ₹14,845 per gram, Silver: near ₹370 per gram.
Bengaluru: 24K Gold: ₹16,195 per gram, 22K Gold: ₹14,845 per gram, Silver: ₹368–₹372 per gram.
Chennai: 24K Gold: ₹16,391 per gram, 22K Gold: ₹15,025 per gram, Silver: ₹375 per gram.
For investors, the current downturn in prices may present carefully considered buying opportunities. Gold serves as a hedge against inflation, while silver’s industrial applications offer a growth perspective. Analysts advise diversifying investments rather than making lump-sum purchases, especially given the uncertain outlook for global rates.
Several factors contribute to the daily fluctuations in gold and silver prices, including rising geopolitical tensions, a weakening rupee against the dollar, central bank gold accumulation, strong demand during festivals and weddings, and the growing industrial use of silver.
As the market continues to evolve, staying informed about price trends and market dynamics will be crucial for investors looking to navigate the complexities of gold and silver investments.
According to The Sunday Guardian.