Gold and silver prices traded higher across major Indian cities on Friday, Jan. 23, 2026, as the precious metals felt the pressure of geopolitical risk and threats to the Federal Reserve's independence added support to a rally fueled by a retreat from currencies and bonds.
Today, gold is trading at Rs 157,270 while silver is at Rs 327,280, according to the India Bullions' website.
Gold Rates Today
In Mumbai, the financial heart of the country, 24-carat gold is retailing at approximately Rs 156,980 per 10 grams. Kolkata follows a similar upward trend, with its gold rate reported at Rs 156,770. Both cities have outpaced the national capital, Delhi, where the 24-carat rate currently stands at Rs 156,710.
The southern markets, however, continue to record the highest figures in the country. Chennai leads the metros with a peak rate of Rs 157,440, while Hyderabad and Bengaluru follow closely at Rs 157,230 and Rs 157,100 respectively, further widening the price gap between the southern hubs and the capital.
Gold Rates: City-Wise
The following rates are as per 10 grams of gold.
- Mumbai: Rs 156,980
- Delhi: Rs 156,710
- Bengaluru: Rs 157,100
- Chennai: Rs 157,440
- Hyderabad: Rs 157,230
- Kolkata: Rs 156,770
Silver Rates Today
Silver rallied even more than gold levels with an Indian average at Rs 327,280. The white metal was trading at Rs 326,690 in Mumbai, according to Bullion's website.
Today, silver in Delhi is trading at approximately Rs 326,120 per kg, while in southern cities like Chennai and Hyderabad, the price is even higher at Rs 327,640 and Rs 327,200 per kg due to local demand and tax variations.
Gold And Silver Rates In International Market
Bloomberg reported that Bullion climbed to an all-time above $4,960 in early trading and is on track for a weekly gain of more than 7%, while silver also hit a record of $96.91.
Gold prices have climbed more than 70% over the past year, repeatedly hitting new highs, and the strong momentum has carried into early 2026. Turbulence in the global political landscape, combined with renewed criticism of the US Federal Reserve by the Trump administration, has weakened confidence in the dollar and boosted demand for precious metals.
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