Gold Prices Ease After Recent Surge, Silver Continues to Shine; Check Latest Rates Across India
Gold Price Today: After witnessing a strong upward rally over the past few sessions, gold prices in India have finally taken a pause. On Thursday morning, January 16, 2026, gold rates showed a mild decline in major cities, while silver prices continued their upward momentum and became more expensive. Investors and buyers keeping an eye on precious metals are closely tracking these movements amid global economic cues and changing market expectations.
Gold Prices See a Mild Dip in Domestic Markets
The recent surge in gold prices has slowed down, bringing some relief to buyers. In the national capital Delhi, the price of 24-carat gold slipped to ₹1,43,760 per 10 grams, while 22-carat gold is currently being sold at ₹1,31,790 per 10 grams. Mumbai also witnessed a similar trend, with 24-carat gold priced at ₹1,43,610 per 10 grams and 22-carat gold at ₹1,31,640 per 10 grams.
Other metro cities such as Chennai and Kolkata reported identical rates to Mumbai, reflecting stability across major urban markets. In Pune and Bengaluru as well, the price of 24-carat gold stands at ₹1,43,610 per 10 grams, while 22-carat gold is available at ₹1,31,640 per 10 grams.
Gold Rates in Key Indian Cities Today
Here is a snapshot of gold prices across prominent Indian cities on January 16, 2026:
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Delhi:
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22-carat gold – ₹1,31,790 per 10 grams
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24-carat gold – ₹1,43,760 per 10 grams
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Mumbai, Chennai, Kolkata, Hyderabad:
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22-carat gold – ₹1,31,640 per 10 grams
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24-carat gold – ₹1,43,610 per 10 grams
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Ahmedabad, Bhopal:
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22-carat gold – ₹1,31,690 per 10 grams
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24-carat gold – ₹1,43,660 per 10 grams
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Jaipur, Lucknow, Chandigarh:
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22-carat gold – ₹1,31,790 per 10 grams
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24-carat gold – ₹1,43,760 per 10 grams
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These variations are largely due to local taxes, transportation costs, and demand-supply dynamics in different regions.
Global Gold Prices Under Pressure
On the international front, spot gold prices declined to $4,614.45 per ounce, indicating some pressure after recent highs. The softening of gold prices globally is partly linked to profit booking by investors and shifting expectations around interest rate policies.
However, analysts suggest that gold remains well-supported in the medium to long term due to ongoing geopolitical tensions, strong industrial and investment demand, and declining inventories worldwide. Any future cut in interest rates by major central banks could again push gold prices higher, as lower rates generally boost demand for safe-haven assets.
Silver Prices Continue Their Upward Run
In contrast to gold, silver prices in India are maintaining a strong bullish trend. On January 16, silver prices climbed to ₹2,95,100 per kilogram in the domestic market. This marks a significant rise, making silver more expensive for industrial users and retail buyers alike.
Globally, spot silver prices eased to $91.20 per ounce, after recently touching a record high of $93.52 per ounce. Despite the slight international dip, silver has delivered impressive returns in India, with prices rising by nearly 21 percent so far in 2026.
What Is Driving Precious Metal Prices?
Weak inflation data from the United States has strengthened expectations that the US Federal Reserve may consider cutting key interest rates in the coming months. Such a move typically favors non-yielding assets like gold and silver. Additionally, persistent geopolitical uncertainties and strong investment demand continue to support precious metal prices.
Outlook for Investors
Market experts advise investors to stay cautious in the short term, as prices may remain volatile due to global cues. However, gold and silver are still considered reliable hedges against inflation and economic uncertainty. Long-term investors may view any price correction as an opportunity to accumulate these assets gradually.
As always, buyers are advised to check local rates and consult financial advisors before making investment decisions.
