Today’s Gold and Silver Rates – January 31, 2026 (India)
🇮🇳 Today’s Gold and Silver Rates – January 31, 2026 (India)
Gold Prices (Physical / Spot – India)
Gold has seen a notable correction from recent highs, with prices easing across major Indian cities:
Gold Rates per gram (indicative):
- 24-carat gold: approx ₹16,026 – ₹16,934 per gram depending on city and purity level. (https://www.oneindia.com/)
- 22-carat gold: approx ₹14,690 – ₹15,524 per gram across key markets. (https://www.oneindia.com/)
- 18-carat gold: ranges around ₹12,689 – ₹12,704 per gram in most major cities. (NDTV India)
These prices represent today’s physical gold rates in India’s bullion and jewellery markets and will vary slightly based on local taxes, making charges, and premiums charged by individual jewellers. (NDTV India)
Silver Prices (Physical / Spot – India)
Silver continues to trade at elevated levels even after recent volatility, particularly following sharp price corrections from record highs:
Silver Rates (Approximate):
- Per kilogram: around ₹3,94,900 – ₹4,05,000 per kg in most major Indian cities. (LatestLY)
- Per 10 grams: approximately ₹3,949 – ₹4,050 per 10g in markets like Delhi, Mumbai, Chennai, and Hyderabad. (LatestLY)
Note: These silver rates reflect the physical silver market and do not include GST, taxes, or dealer premiums, which vary by location and seller. (LatestLY)
MCX Futures Prices (Indicative)
In addition to spot prices seen in retail markets, commodity exchange futures (MCX) also provide an indication of where market participants are pricing metals:
- MCX Gold Futures (approx): ~₹1,69,200 per 10 grams. (The Sunday Guardian)
- MCX Silver Futures (approx): ~₹4,05,000 per kilogram. (The Sunday Guardian)
These MCX futures prices reflect broader market expectations and trading sentiment for near-term delivery contracts.
City-Wise Highlights (Indicative)
Here’s what today’s rates roughly look like in major Indian cities:
Gold (24K / 22K per gram)
- Delhi: ₹16,934 / ₹15,524 (NDTV India)
- Mumbai: ₹16,919 / ₹15,510 (NDTV India)
- Chennai: Higher than many cities (e.g., around ₹17,673 for 24K) (NDTV India)
- Bengaluru / Kolkata: Very close to Mumbai levels (~₹16,919 / ₹15,509) (NDTV India)
Silver (Per kg)
- Most major Indian cities: ₹3,94,900 – ₹3,95,000. (LatestLY)
- Chennai / Hyderabad: Slightly higher premiums around ₹4,04,900 – ₹4,05,000 per kg. (LatestLY)
What This Means
- Gold prices today remain elevated, though they have corrected from recent peaks following profit-taking and market adjustments. (NDTV India)
- Silver prices likewise remain high compared to historical levels, but have softened after an intense run-up. (LatestLY)
- Both metals show that while the momentum from earlier rallies has cooled, physical demand — especially in jewellery and investment buying — continues to support strong pricing dynamics in the domestic market. (https://www.oneindia.com/)
Frequently Asked Questions (FAQ)
1. What is the gold rate today?
Gold rates today vary based on purity (24K, 22K, 18K) and location. Prices change daily due to market conditions, so it is best to check local rates before buying.
2. What is the silver rate today?
Silver prices are quoted per gram and per kilogram. Like gold, silver rates fluctuate daily depending on demand, industrial use, and global trends.
3. Why do gold and silver prices change every day?
Prices change due to global market movements, currency fluctuations, interest rates, inflation data, geopolitical events, and changes in demand and supply.
4. Is today a good time to invest in gold?
If you are investing for the long term, short-term price fluctuations matter less. Many investors view gold as a safe investment during uncertain economic times.
5. Is silver a good investment compared to gold?
Silver can offer higher returns due to its industrial demand, but it is also more volatile. It suits investors who are comfortable with higher risk.
6. Which is better: 24K or 22K gold?
24K gold is purer and better for investment, while 22K gold is more suitable for jewelry because it is more durable.
7. Do gold rates differ from city to city?
Yes, gold rates may differ slightly due to local taxes, transportation costs, and regional demand.
8. How can I track daily gold and silver prices?
You can track prices through financial news portals, bullion market websites, banks, or local jewelers.
9. What charges are added to gold jewelry prices?
Apart from the gold rate, making charges, GST, and other local taxes are added to the final price.
10. Are gold and silver safe investments?
Gold is considered a relatively safe investment, especially during economic uncertainty. Silver is also valuable but comes with higher price volatility.
Conclusion
Today’s gold and silver rates reflect a combination of global economic signals, investor sentiment, and market demand. While prices may fluctuate in the short term, both metals continue to hold strong significance as investment and wealth-preservation tools. Gold remains a preferred choice for stability, while silver offers growth potential driven by industrial demand.