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.

Gold Price Today: After the fall in gold prices last week, once again its price is gradually increasing. While the stock market saw a rise during early trade on Friday 29 August 2025 amid Trump tariff tension, on the other hand, gold prices have also shown a jump. Today 24 carat gold is being sold in the country at the rate of Rs 1,00,261 per 10 grams. While 22 carat gold is available at Rs 94,060 and 18 carat gold at Rs 76,960.

It is worth noting that while people buy 24 carat gold for investment purposes, 22 carat and 18 carat gold are bought for making jewelery. Let us know at what price gold is being sold in your city today.

Latest price of your city:

In the national capital Delhi, 24 carat gold is available at Rs 102,760 per 10 grams, while 22 carat gold is trading at Rs 94,210 while 18 carat gold is trading at Rs 77,090.

Similarly, the price of 24 carat gold in the financial capital Mumbai, Chennai, Kolkata, Hyderabad, Kerala and Pune today is Rs 1,02,610 per 10 grams. Whereas at these places 22 carat gold is being sold at the rate of 94,060 and 18 carat gold at the rate of Rs 76,960.

How is the rate decided?

The prices of gold and silver are decided on a daily basis and many factors are responsible for this. These mainly include the following reasons. Since the prices of gold and silver in the international market are fixed in US dollars, the change in the dollar-rupee exchange rate has a direct impact on the price of these metals. If the price of the dollar rises or the rupee weakens, the price of gold in India increases.

Most of the gold in India is imported. In such a situation, customs duty, GST and other local taxes affect the price of gold. Turmoil in the global market (such as war, economic recession or changes in interest rates) has a direct impact on the price of gold. When uncertainty increases in the global market, investors choose safe options like gold instead of stocks or other volatile assets.

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In India, gold is not only an investment, but is also associated with tradition and cultural beliefs. Buying gold on weddings, festivals and auspicious occasions is considered auspicious. Therefore, the demand is high, which affects the prices. Gold has long been an option that gives better returns than inflation. When inflation rises or there is risk in the stock market, people prefer to invest in gold. This is why its demand and price always remain the same.