Gold Price Today (January 15): Gold Extends Gains, Silver Also Surges; Check Latest Rates Across Major Cities

Gold prices continued their upward momentum on January 15, reflecting strong demand for safe-haven assets amid rising global uncertainty. Alongside gold, silver prices also moved sharply higher, supported by international market trends and growing expectations of interest rate cuts by the US Federal Reserve. Both precious metals are witnessing sustained buying as investors seek stability during volatile economic and geopolitical conditions.

According to market data, the international spot price of gold is currently hovering around $4,640.13 per ounce, while silver has crossed a historic milestone overseas.

Gold Prices Rise Further in the Domestic Market

In the Indian bullion market, gold prices moved higher once again on Wednesday morning. In Delhi, the price of 24-carat gold rose to ₹1,44,160 per 10 grams, while 22-carat gold is trading at ₹1,32,160 per 10 grams.

Other major cities also reported similar trends, with gold becoming steadily more expensive across the country. The rise reflects both global cues and domestic demand ahead of the ongoing wedding season.

Gold Rates in Mumbai, Chennai, and Kolkata

In key metropolitan cities such as Mumbai, Chennai, and Kolkata, gold prices remained largely aligned:

• 24-carat gold: ₹1,44,010 per 10 grams

• 22-carat gold: ₹1,32,010 per 10 grams

These cities often mirror international price movements quickly due to high trading volumes and active bullion markets.

Gold Prices in Pune and Bengaluru

Gold prices in Pune and Bengaluru also followed the national trend:

• 24-carat gold: ₹1,44,010 per 10 grams

• 22-carat gold: ₹1,32,010 per 10 grams

Despite regional variations in taxes and making charges, base gold rates remain almost uniform across major urban centres.

Today’s Gold Rates in Major Indian Cities (per 10 grams)

Prices may vary slightly depending on local taxes and jeweller margins.

Why Are Gold Prices Rising?

The rally in gold prices is being driven by a combination of global and economic factors. Ongoing geopolitical tensions, including rising unrest in Iran and the continued Russia-Ukraine conflict, have heightened uncertainty in global markets. During such periods, investors traditionally turn to gold as a safe store of value.

Additionally, growing expectations that the US Federal Reserve may be forced to cut interest rates further have boosted demand for non-yielding assets like gold and silver. Lower interest rates reduce the opportunity cost of holding precious metals, making them more attractive to investors.

Adding to market nervousness, reports suggest that the US Attorney’s Office has initiated a criminal investigation involving Federal Reserve Chair Jerome Powell, further increasing uncertainty in global financial markets.

Silver Prices Hit New Highs

Silver prices have mirrored gold’s strong performance. On January 15, silver prices in India surged to ₹2,90,100 per kilogram, marking a sharp rise.

In the international market, silver made history by crossing the $91 per ounce mark for the first time, touching a record high of $91.56 per ounce. Analysts attribute this rally to a mix of safe-haven demand, industrial usage expectations, and speculative buying.

Outlook for Gold and Silver

Market experts believe that as long as global uncertainties persist and interest rate cut expectations remain strong, gold and silver prices are likely to stay firm. Any further escalation in geopolitical tensions or dovish signals from central banks could push prices even higher in the near term.

For investors and buyers, especially those planning jewellery purchases, staying updated with daily price movements is crucial, as volatility is expected to continue.

Disclaimer: Gold and silver prices fluctuate frequently based on global markets, currency movements, and local factors. Buyers are advised to check live rates with local jewellers before making purchases.