Gold and silver prices in India fell sharply on Saturday, continuing a global sell-off triggered by a stronger US dollar and risk-off sentiment in commodities markets. Despite late-month corrections, both metals posted strong gains for January.
Current Rates in Major Cities (per gram)
Gold
Delhi: 24K ₹16,934 | 22K ₹15,524 | 18K ₹12,704
Mumbai: 24K ₹16,919 | 22K ₹15,509 | 18K ₹12,689
Hyderabad: 24K ₹16,919 | 22K ₹15,509 | 18K ₹12,689
Bengaluru: 24K ₹16,919 | 22K ₹15,509 | 18K ₹12,689
Kolkata: 24K ₹16,919 | 22K ₹15,509 | 18K ₹12,689
Surat: 24K ₹16,063 | 22K ₹14,725 | 18K ₹12,049
Silver
National Capital: ₹3,12,000 per kg (down ₹72,500 or 18.85% from previous session)
(Source: Good Returns, All India Sarafa Association)
MCX Futures Performance
Gold (April 2026): ₹1,50,849 per 10 grams, down ₹1,496 (0.98%) from previous close of ₹1,52,345. Still ₹29,930 below all-time high of ₹1,80,779.
Silver (March 2026): ₹2,91,922 per kg, down 30.5% from record high of ₹4,20,048 per kg.
January Monthly Performance
Gold: Up ₹27,800 or 20.2% from ₹1,37,700 per 10 grams (Dec 31, 2025)
Silver: Up ₹73,000 or 30.5% from ₹2,39,000 per kg (Dec 31, 2025)
Global Market Trends
US Spot Gold: Fell 9.7% to $4,851.40 per ounce on Saturday
Global Commodities: Gold futures dropped 11% to $4,745/oz; silver futures fell 31% to $78.53/oz; copper fell 4.5% to $5.924/lb; platinum dropped 19% to $2,121.6/oz
Market Drivers:
Strong US dollar
Broad-based commodity sell-off
Risk-off trading sentiment
Profit booking after prior rallies
