Gold and silver prices surged to record levels in India on Tuesday, January 27, 2026, driven by strong global signals and rising demand for safe investments. Both precious metals showed sharp gains in the futures market, attracting attention from investors, traders, and jewellery buyers across the country.
Gold Futures Touch New Peak
Gold prices recorded a strong rise in the domestic futures market. Gold futures climbed sharply to cross ₹1.59 lakh per 10 grams, marking the highest level ever seen in India.
Market experts believe the rise reflects growing investor interest in safe assets as global economic uncertainty continues. Even after the peak, gold prices remained firm, showing steady demand.
Silver Outperforms Gold with Massive Jump
Silver prices moved even faster than gold. Silver futures jumped around 6 percent in a single session to touch an all-time high of over ₹3.54 lakh per kilogram.
So far this year, silver has gained more than 50 percent, making it one of the best-performing commodities. Strong industrial demand and global supply concerns are key reasons behind the sharp rise.
Global Factors Pushing Precious Metals Higher
International markets played a major role in lifting Indian gold and silver prices. Gold remained strong in overseas markets, supported by global uncertainty, inflation worries, and expectations of softer interest rates in major economies.
Silver also stayed near record highs globally, backed by its use in clean energy, electronics, and manufacturing. These global trends directly influence Indian bullion prices.
Gold Rates in Major Indian Cities Today
Gold prices vary slightly across Indian cities due to local taxes and demand. Current rates for 1 gram of gold are:
- Chennai: Higher prices compared to other cities due to strong jewellery demand
- Mumbai and Kolkata: Close to national average rates
- Delhi: Slightly costlier than Mumbai
- Bangalore, Hyderabad, Pune, Kerala: Similar pricing to Mumbai
- Ahmedabad and Vadodara: Marginally higher than western cities
Across most cities, 24 carat gold remains above ₹16,000 per gram, while 22 carat gold stays near ₹15,000 per gram.
Silver Prices Across Indian Cities
Silver prices also differ by location:
- Chennai, Hyderabad, Kerala: Higher silver rates due to local demand
- Mumbai, Delhi, Kolkata, Bangalore, Pune: Slightly lower compared to southern cities
In many cities, silver prices are trading close to ₹3.60 lakh per kilogram, reflecting strong buying interest.
What This Means for Buyers and Investors
For investors, the rally highlights the growing importance of precious metals during uncertain times. Gold continues to act as a stable long-term asset, while silver offers higher short-term price movement.
For jewellery buyers, rising prices may increase costs, but experts say long-term buyers should focus on quality and purity rather than daily fluctuations.
Conclusion
Gold and silver have reached record highs in India, supported by strong global cues and rising investor demand. While gold remains a trusted store of value, silver has emerged as the faster-moving metal this year. With prices at historic levels, market participants are advised to track daily updates and global developments before making buying or investment decisions.
FAQs
Why are gold and silver prices rising so fast?
Prices are rising due to global economic uncertainty, strong demand for safe assets, and positive trends in international markets.
Which metal has performed better this year?
Silver has performed better than gold, gaining more than 50 percent so far this year.
Do gold prices vary by city in India?
Yes, gold prices differ slightly due to local taxes, transportation costs, and regional demand.
Is this a good time to invest in gold or silver?
Long-term investors may still consider gold and silver, but short-term buyers should watch for price volatility.
Why is silver gaining faster than gold?
Silver benefits from both investment demand and industrial use, especially in renewable energy and electronics.