Gold Price Today: Gold Regains Momentum While Silver Remains Under Pressure; Check Latest Rates

Gold prices have once again shown an upward trend at the start of the new year, while silver continues to witness a decline. On January 2, 2026, domestic bullion markets reflected renewed buying interest in gold amid mixed global cues, whereas silver prices stayed under pressure despite strong long-term fundamentals. Both domestic and international factors continue to influence the movement of precious metal prices.

Gold Prices Rise in Major Cities

On Friday morning, 24-carat gold prices increased across key markets. In the national capital, Delhi, the price of 24-carat gold rose to ₹1,35,220 per 10 grams, while 22-carat gold was priced at ₹1,23,960 per 10 grams. In Mumbai, 24-carat gold was trading at ₹1,35,070 per 10 grams, and 22-carat gold stood at ₹1,23,810 per 10 grams.

Other major cities such as Chennai, Kolkata, and Hyderabad also reported similar prices, with 24-carat gold available at ₹1,35,070 per 10 grams and 22-carat gold at ₹1,23,810 per 10 grams. In Jaipur, Lucknow, and Chandigarh, gold rates matched Delhi’s levels, reflecting uniform pricing trends across northern markets.

In Pune and Bengaluru as well, 24-carat gold was quoted at ₹1,35,070 per 10 grams, while 22-carat gold remained at ₹1,23,810 per 10 grams.

International Gold Market Overview

In the global market, spot gold was trading around $4,310.89 per ounce. Market experts believe that international gold prices may remain range-bound in the short term due to cautious investor sentiment, changing interest rate expectations, and ongoing geopolitical developments. However, gold continues to be viewed as a preferred safe-haven asset during periods of economic uncertainty.

Strong Performance of Gold in 2025

Gold delivered an impressive performance during the year 2025, registering a gain of approximately 73.45 percent. This sharp rise was driven by global economic concerns, central bank buying, inflation fears, and steady investment demand. Analysts expect gold to maintain a positive outlook in 2026 as well, supported by expectations of monetary easing in some major economies and sustained demand from both investors and jewellers.

City-wise Gold Rates on January 2, 2026

Silver Prices Continue to Decline

While gold regained momentum, silver prices continued to slide. On January 2 morning, silver was trading at around ₹2,37,900 per kilogram, reflecting a continued downward trend in the short term. Despite this dip, silver has outperformed gold on an annual basis, delivering an impressive gain of nearly 164 percent over the past year.

Experts attribute silver’s long-term strength to robust industrial demand, increasing use in renewable energy and electronics, safe-haven buying, and a persistent global supply deficit. Additionally, new export controls imposed by China on silver are expected to impact global supply, which could influence prices in the coming months.

Factors Affecting Gold and Silver Prices

Domestic bullion prices are influenced by a combination of global market trends, currency movements, interest rate expectations, inflation data, and geopolitical developments. Local demand, import duties, and seasonal buying also play a significant role in shaping prices within the country.

Outlook for Investors

Market analysts suggest that while short-term volatility may continue, both gold and silver remain attractive from a long-term investment perspective. Gold is expected to benefit from its safe-haven appeal, while silver’s industrial demand could support prices once market sentiment stabilizes.

As 2026 begins, investors are advised to closely monitor global cues and economic indicators before making investment decisions in precious metals.