Reporter: Aditi Sharma
January 26, 2025 — New Delhi
The gold and silver markets have witnessed another surge today, with prices climbing steadily across major Indian cities. As of this morning, the rate of 10 grams of 24-carat gold has reached ₹82,603 in Delhi, reflecting an increase of ₹350 from the previous day. Meanwhile, silver prices have jumped by ₹1,200, with 1 kg of silver now retailing at ₹1,00,700.
With wedding season at its peak and global economic factors influencing the bullion market, the current uptick in prices has significant implications for buyers, investors, and traders. Here’s a detailed analysis of today’s gold and silver rates across key Indian cities.
Gold Prices Across Major Indian Cities on January 26, 2025
| City | 24-Carat Gold (₹/10 gm) | 22-Carat Gold (₹/10 gm) | Silver (₹/Kg) |
| Delhi | 82,603 | 75,733 | 1,00,700 |
| Chennai | 82,451 | 75,589 | 1,07,800 |
| Mumbai | 82,457 | 75,594 | 1,00,000 |
| Kolkata | 82,455 | 75,592 | 1,01,500 |
The table highlights notable price variations between cities, with Chennai leading in silver rates at ₹1,07,800 per kilogram. These differences often arise due to local taxes, transportation costs, and demand-supply dynamics.
Price Movement in the Past Week
Gold prices have exhibited consistent gains over the last week, attributed to heightened demand and international market trends. For example, in Delhi:
- On January 24, 2025, 10 grams of 24-carat gold was priced at ₹82,273.
- A week ago, on January 19, the price stood at ₹81,283.
This marks a weekly increase of ₹1,320 per 10 grams. Silver rates have also demonstrated upward momentum, with Delhi witnessing an increase of ₹1,200 per kilogram over the last two days.
Factors Driving the Surge in Gold and Silver Prices
The sharp rise in gold and silver prices is influenced by a mix of domestic and global factors:
- Global Demand and Economic Trends
- The global demand for gold as a safe-haven asset has surged amid economic uncertainty.
- Ongoing inflation concerns and geopolitical tensions have bolstered investor confidence in precious metals.
- Currency Fluctuations
- A weakening Indian rupee against the US dollar has made gold imports costlier, directly impacting domestic prices.
- Government Policies and Import Duties
- Changes in government policies, including import duties on gold and silver, continue to influence market dynamics.
- Wedding Season Demand
- January marks the peak of India’s wedding season, leading to heightened demand for gold jewelry.
- Market Volatility and Interest Rates
- Investors are increasingly turning to gold and silver as a hedge against stock market volatility and fluctuating interest rates.
Gold and Silver Futures Update
On the Multi Commodity Exchange (MCX), gold and silver futures have been trading in the green:
- Gold June 2025 Futures: Trading at ₹81,603 per 10 grams, up by 0.428%.
- Silver July 2025 Futures: Trading at ₹95,477 per kilogram, up by 1.148%.
These numbers reflect the growing confidence among traders, with experts predicting sustained bullish trends in the short term.
One-Month Performance: Gold and Silver Rates
A comparison of gold and silver rates over the past month shows notable changes:
| Metal | Price on 26-01-2025 | Price on 26-12-2024 | % Change |
| Gold (24-carat, ₹/10 gm) | 82,603 | 87,200 | -5.3% |
| Silver (₹/Kg) | 1,00,700 | 1,06,300 | -5.3% |
Despite today’s rise, the overall trend for the past month indicates a correction phase, influenced by reduced global gold prices.
City-Wise Gold and Silver Rates: January 26, 2025
Here’s a deeper look at today’s rates:
- Delhi:
- 24-carat gold: ₹82,603 per 10 grams
- Silver: ₹1,00,700 per kilogram
- Mumbai:
- 24-carat gold: ₹82,457 per 10 grams
- Silver: ₹1,00,000 per kilogram
- Chennai:
- 24-carat gold: ₹82,451 per 10 grams
- Silver: ₹1,07,800 per kilogram
- Kolkata:
- 24-carat gold: ₹82,455 per 10 grams
- Silver: ₹1,01,500 per kilogram
Expert Analysis and Predictions
Market analysts foresee continued volatility in gold and silver prices in the coming weeks. Key factors to watch include:
- US Federal Reserve Decisions: Any changes in US interest rates could significantly impact gold prices globally.
- India’s Union Budget 2025: Announcements related to import duties or policy changes could directly influence bullion markets.
- International Market Trends: The performance of the US dollar and crude oil prices will also play a critical role.
For long-term investors, experts recommend using this price dip as an opportunity to accumulate gold.
Conclusion
As of January 26, 2025, gold and silver prices have shown strong upward momentum across India. Whether you are a jeweler, investor, or simply planning for an upcoming wedding, staying updated on daily rates is crucial.
Pro Tip: To get the best deal, monitor prices closely and compare across cities before making a purchase.
Disclaimer: The prices mentioned are subject to market fluctuations and may vary slightly depending on local jewelers. Always confirm rates with your local dealer before purchasing.