Silver and gold prices reached their highest levels ever today (January 27). According to the India Bullion and Jewellers Association (IBJA), the price of one kilogram of silver increased by ₹26,859 to ₹3,44,564.
At the start of trading this morning, the price was ₹3,42,507. Previously, the price was ₹3,17,705 per kg. In just 27 days this year, it has become ₹1.14 lakh more expensive.
Meanwhile, the price of 10 grams of 24-karat gold increased by ₹4,591 to ₹1,58,901 at the close of trading today. This morning, the price was ₹1,59,027. Previously, the price of gold was ₹1,54,310 per 10g on January 23.
Gold has become ₹25,706 and silver ₹1,14,144 more expensive this year.
In just 27 days of January this year, silver has become ₹1,14,144 more expensive. On December 31, 2025, the price of one kilogram of silver was ₹2,30,420, which has now reached ₹3,44,564 per kg.
Similarly, the price of gold has increased by ₹25,706. On December 31, 2025, 10 grams of 24-karat gold cost ₹1,33,195, which has now become ₹1,58,901.
3 major reasons for the rise in gold prices:
Global tensions and the 'Greenland' dispute: US President Donald Trump's insistence on acquiring Greenland and his threat of tariffs against European countries on this issue have increased instability in global markets. Whenever the threat of a trade war increases in the world, investors withdraw money from the stock market and move towards safe investments like gold. Record Weakness of the Rupee: The price of gold in India depends not only on global rates but also on the dollar-rupee exchange rate. Today, the rupee is at an all-time low of ₹91.10 against the dollar. According to Jatin Trivedi of LKP Securities, the weakness of the rupee has made the landing cost of internationally purchased gold very expensive in India, pushing domestic prices above ₹1.5 lakh.
Heavy Buying by Central Banks: Central banks around the world (like India's RBI) are increasing their gold reserves to safeguard their foreign exchange reserves. According to World Gold Council data, after record buying in 2025, demand from central banks remains strong at the beginning of 2026, leading to higher prices due to limited supply and high demand.
3 Major Reasons for the Rise in Silver Prices
Industrial Demand – With heavy use in solar, electronics, and EVs, silver is no longer just for jewelry; it has become an essential raw material.
Trump's Tariff Fears – US companies are stockpiling large quantities of silver, and the resulting shortage in global supply has driven prices up.
Manufacturers in a Frenzy – Due to fears of production disruptions, everyone is buying in advance, which is why the upward trend will continue in the coming months.
Gold Could Reach ₹1.90 Lakh
According to Research Head Dr. Renisha Chainani, if US tariffs and tensions in the Middle East escalate further, gold could reach ₹1,90,000 per 10 grams in 2026. Silver, on the other hand, could reach ₹4 lakh.
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