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Live Gold & Silver Price Update
India Market Rates for January 29, 2026
Today’s Precious Metals Market Snapshot
Gold and silver prices in India continue to trade near record highs on January 29, 2026, supported by strong global cues, a weaker rupee, and sustained safe-haven demand. Gold has shown significant weekly gains, while silver has experienced one of its strongest monthly rallies in years.
24K Gold (99.9%)
Per Gram | MCX Futures: ~₹1.67 Lakh/10g
22K Gold (91.6%)
Per Gram | Standard for Jewelry
Silver (999)
Per Kilogram | ~₹410 per gram
City-Wise Gold Rates Today (per gram)
| City | 24K Gold | 22K Gold | 18K Gold |
|---|---|---|---|
| Mumbai | ₹ 16,708 | ₹ 15,315 | ₹ 12,531 |
| Delhi | ₹ 16,723 | ₹ 15,330 | ₹ 12,546 |
| Chennai | ₹ 17,029 | ₹ 15,610 | ₹ 13,025 |
| Kolkata | ₹ 16,708 | ₹ 15,315 | ₹ 12,531 |
| Bangalore | ₹ 16,708 | ₹ 15,315 | ₹ 12,531 |
| Hyderabad | ₹ 16,708 | ₹ 15,315 | ₹ 12,531 |
Note: Chennai typically commands a premium due to local taxes and strong regional demand. Rates exclude making charges and GST (3%).
City-Wise Silver Rates Today
| City | Per Gram | Per Kilogram |
|---|---|---|
| Mumbai | ₹ 410 | ₹ 4,10,000 |
| Delhi | ₹ 410 | ₹ 4,10,000 |
| Chennai | ₹ 425 | ₹ 4,25,000 |
| Kolkata | ₹ 410 | ₹ 4,10,000 |
| Bangalore | ₹ 410 | ₹ 4,10,000 |
| Hyderabad | ₹ 425 | ₹ 4,25,000 |
Note: Silver has gained nearly 60% since January 1, 2026, and ₹30,000 per kg just since yesterday.
Gold Price Trend: Last 7 Days (24K per 10g)
| Date | Price (₹) | Daily Change |
|---|---|---|
| Jan 29, 2026 | ₹ 1,67,080 | + ₹1 |
| Jan 28, 2026 | ₹ 1,67,080 | + ₹5,130 |
| Jan 27, 2026 | ₹ 1,61,950 | ₹ 0 |
| Jan 26, 2026 | ₹ 1,61,950 | + ₹1,690 |
| Jan 25, 2026 | ₹ 1,60,260 | ₹ 0 |
| Jan 24, 2026 | ₹ 1,60,260 | + ₹3,110 |
| Jan 23, 2026 | ₹ 1,57,150 | + ₹2,840 |
Why Are Gold & Silver Prices Rising?
Strong Global Demand
Gold is nearing $5,600/oz internationally, driven by investors seeking safe-haven assets amid economic uncertainty and geopolitical tensions. Central banks continue to be significant buyers.
Record Investment Inflows
Global gold demand hit an all-time high in 2025. Investment demand surged, with significant buying in Gold ETFs and physical bars/coins, particularly in China and India.
Silver’s Dual Demand
Silver benefits from both investment demand (following gold) and strong industrial consumption, especially from the electronics and renewable energy sectors, amidst supply constraints.
Currency & Policy Factors
A weaker US Dollar and expectations that major central banks may hold or cut interest rates reduce the opportunity cost of holding non-yielding assets like gold and silver.
Official Sources for Rate Validation
For verification and the most current rates, always refer to these official and authoritative sources:
- Multi Commodity Exchange of India (MCX) – Official futures & spot prices.
- India Bullion and Jewellers Association (IBJA) – National benchmark rates.
- GoodReturns Gold Rate Page – Updated city-wise rates.
- World Gold Council – Global gold market authority.
- Sunday Guardian Live Markets – Detailed daily market reports.
