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Gold and silver prices hit new highs in January 2026, driven by geopolitical turmoil and central banks’ gold stacking.
Gold and silver prices rise on MCX on Tuesday
Gold and Silver Rates Today, January 27: The unprecedented rally of gold and silver prices continues to hit fresh peaks in the first month of January 2026, following the record year of 2025. The rising volatility, geopolitical turmoil, central banks’ gold stacking and loss of trust on dollar have caused the surge in bullion prices.
On Multi-commodity exchange (MCX), gold futures with expiry in February traded 1.55 per cent higher at Rs 1,58,453 per 10 grams. Meanwhile, silver futures with expiry in March jumped 6.86 per cent to Rs 3,57,650 per kg.
At COMEX, gold futures hovered at $5,069 per ounce with a slight drop of 0.26 per cent. Gold surged almost 90 per cent in the past one year.
Silver futures, meanwhile, dropped 5.30 per cent to $109.39 per ounce.
In Mumbai, 24K gold price stood at Rs 1,61,950 per 10 grams, while for 22K, the price remained at Rs 1,48,450 per 10 grams.
Meanwhile, silver in Indian market surged to Rs 3,60,000 per kg.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On January 27?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,48,600 | Rs 1,62,100 |
| Jaipur | Rs 1,48,600 | Rs 1,62,100 |
| Ahmedabad | Rs 1,48,500 | Rs 1,62,000 |
| Pune | Rs 1,48,500 | Rs 1,62,000 |
| Mumbai | Rs 1,48,450 | Rs 1,61,950 |
| Hyderabad | Rs 1,48,450 | Rs 1,61,950 |
| Chennai | Rs 1,48,450 | Rs 1,61,950 |
| Bengaluru | Rs 1,48,450 | Rs 1,61,950 |
| Kolkata | Rs 1,48,450 | Rs 1,61,950 |
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
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January 27, 2026, 09:47 IST
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