Gold and silver have always held a special place in Indian households. Whether for weddings, festivals, investments, or cultural traditions, these precious metals remain timeless assets. As we move through January 2026, many people are searching for the silver gold price today in India to make informed buying or selling decisions. In this comprehensive guide, we cover the current rates, city-wise variations, key factors driving prices, historical trends, and tips for investors.
Current Silver Gold Price Today in India (as of January 16, 2026)
Precious metal prices fluctuate daily based on global and local factors. Here's the latest snapshot for silver gold price today in India:
Gold Price Today:
- 24 Karat Gold (pure): Around ₹14,300 – ₹14,730 per gram (or ₹1,43,000 – ₹1,47,300 per 10 grams in major markets like Delhi).
- 22 Karat Gold (common for jewellery): Approximately ₹13,100 – ₹13,500 per gram.
- 18 Karat Gold: Around ₹10,700 – ₹11,000 per gram.
Recent updates show 24K gold touching new highs near ₹1,47,300 per 10 grams in some cities due to strong demand.
Silver Price Today:
- Silver per gram: ₹290 – ₹295.
- Silver per kilogram: ₹2,90,000 – ₹2,95,000.
Silver has seen remarkable gains, with some reports indicating rates around ₹295 per gram, reflecting strong industrial and investment interest.
These figures are indicative and sourced from major aggregators like Goodreturns, Economic Times, and market associations. Always check live rates from trusted jewellers or MCX for the most accurate silver gold price today in India, as minor variations occur due to local taxes, making charges, and time of day.
City-Wise Gold and Silver Rates Today
Prices can differ slightly across cities because of transportation costs, local demand, and state taxes. Here are approximate rates for major cities on January 16, 2026:
- Delhi: Gold (24K) ~ ₹14,730 per gram / ₹1,47,300 per 10g; Silver ~ ₹295 per gram.
- Mumbai: Gold (24K) ~ ₹14,300 – ₹14,360 per gram; Silver similar to national average.
- Chennai, Bangalore, Hyderabad, Kolkata: Generally align closely with national trends, with minor differences of ₹50–200 per 10 grams for gold.
During festivals like Makar Sankranti (around mid-January), demand spikes, pushing prices higher in southern and northern markets.
Why Are Gold and Silver Prices Rising in 2026?
The silver gold price today in India reflects a mix of global and domestic influences:
1. Global Factors:
International spot prices: Gold often exceeds $4,000+ per ounce, while silver has crossed $60 per ounce in recent highs.
Geopolitical tensions, US dollar strength, and interest rate expectations from the Federal Reserve keep safe-haven demand strong.
Supply constraints: Silver faces persistent deficits due to high industrial use (solar panels, electronics, EVs).
2. Domestic Influences in India:
Rupee-Dollar Exchange Rate: A weaker rupee makes imports costlier, raising local prices.
Inflation and Economic Uncertainty: Gold acts as a hedge; silver benefits from both investment and industrial demand.
Festival and Wedding Season: Early 2026 sees continued buying post-Sankranti/Pongal.
Central Bank Purchases: Global banks (including RBI) continue accumulating gold.
In 2025, gold rose about 70-76%, while silver surged 140-170%. Experts predict continued momentum into 2026, with silver potentially targeting higher levels due to green energy demand.
Historical Trends: How Have Prices Moved Recently?
Looking back at the last few months:
- Gold started 2026 strong, with 24K rates climbing from lower levels in late 2025 to current highs around ₹1,43,000–1,47,000 per 10 grams.
- Silver showed explosive growth, moving from sub-₹2,00,000/kg levels to over ₹2,90,000/kg.
This upward trend aligns with global rallies, where both metals hit record highs. Investors who bought during dips in previous years have seen excellent returns.
Gold vs Silver: Which Is Better for Investment in 2026?
Many wonder whether to choose gold or silver when checking silver gold price today in India.
Gold:
- More stable, lower volatility.
- Preferred for jewellery, long-term wealth preservation.
- Lower industrial demand compared to silver.
Silver:
- Higher volatility but potentially bigger gains.
- Strong industrial usage (over 50% of demand), especially in renewables.
- More affordable entry point.
A balanced portfolio often includes both. Silver tends to outperform gold during bull markets.
How to Buy Gold and Silver in India
1. Physical Purchase:
- Jewellery stores (Tanishq, Malabar Gold, etc.).
- Local sarafa markets.
- Coins and bars from banks or certified dealers.
2. Digital/ Paper Gold:
- Sovereign Gold Bonds (SGBs): Issued by RBI, offer 2.5% interest + price appreciation.
- Gold ETFs: Traded on stock exchanges.
- Apps and platforms for fractional buying.
Always verify hallmark (BIS certification) for purity. GST (3%) applies on jewellery, while bars/coins may have different tax implications.
Factors to Watch for Future Price Movements
- US Fed interest rate decisions.
- Geopolitical events (Middle East, global trade).
- Indian rupee performance.
- Industrial demand for silver (solar, EVs).
- Upcoming festivals and wedding seasons.
Analysts forecast gold potentially targeting higher levels ($5,000+ per ounce globally) and silver reaching $95–$100 per ounce in optimistic scenarios.
Tips for Buyers and Investors
- Compare live rates across multiple sources before buying.
- Avoid impulse purchases during peak festival hype.
- Consider long-term holding for better returns.
- Diversify: Don't put all funds in one asset.
- Consult certified financial advisors for personalized advice.
The silver gold price today in India stands at attractive yet elevated levels, reflecting strong global momentum and domestic cultural demand. With gold near ₹1,47,000 per 10 grams (24K) in some markets and silver around ₹295 per gram, both metals continue to shine as hedges against uncertainty.
Whether you're buying for a wedding, gifting, or investing, staying updated on daily rates is key. Bookmark reliable sources and track trends to time your purchases wisely. Precious metals have proven resilient over centuries—2026 looks set to continue that legacy.
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