Gold and silver price (17 January 2026) today: Metals show resilience amid minor fluctuations
Mumbai: Gold and silver prices in India witnessed a marginal decline on Saturday, reflecting a combination of profit booking in international markets and easing geopolitical tensions. The price of 24-carat gold fell by ₹10 per ten grams, trading at ₹1,43,390, while 22-carat gold dropped to ₹1,31,440 per ten grams in most major cities, with slight variations in Chennai and Delhi.
Silver also saw a ₹100 dip, with one kilogram selling at ₹2,91,900 in Delhi, Kolkata, and Mumbai, and ₹3,05,900 in Chennai. Analysts attributed the fall to profit-taking by investors in the United States after recent record highs, as spot gold in global markets dipped 0.5% to $4,592.29 per ounce and US February gold futures settled 0.6% lower at $4,595.40. Spot silver fell 2.9% to $89.65 per ounce but is still set for a weekly gain of over 12% following an all-time high of $93.57 in the previous session.
Other precious metals were also impacted, with platinum down 3.3% to $2,330.67 per ounce and palladium slipping 0.6% to $1,790.78. Despite the minor corrections, gold and silver remain on track for their second consecutive weekly gains, signalling sustained investor interest in these safe-haven assets amid ongoing global uncertainty.
How gold and silver traded across cities
- 24-carat gold: ₹1,43,390 per 10 grams in Mumbai and Kolkata, ₹1,44,320 in Chennai, ₹1,43,540 in Delhi
- 22-carat gold: ₹1,31,440 per 10 grams in Mumbai, Kolkata, Bengaluru, Hyderabad; ₹1,32,290 in Chennai, ₹1,31,590 in Delhi
- Silver: ₹2,91,900 per kg in Delhi, Kolkata, Mumbai; ₹3,05,900 in Chennai
What drove the dip?
- US gold fell more than 1% on Friday as investors booked profits after recent record highs.
- Signs of easing geopolitical tensions reduced safe-haven demand for precious metals.
- Spot gold was down 0.5% at $4,592.29 per ounce, while US gold futures for February delivery settled 0.6% lower at $4,595.40.
- Spot silver dropped 2.9% to $89.65 per ounce, though it was on track for a weekly gain of over 12% after hitting an all-time high of $93.57 in the previous session.
- Other metals: Spot platinum fell 3.3% to $2,330.67 per ounce, while palladium lost 0.6% to $1,790.78 per ounce.
Market outlook
Despite the minor decline, gold remains poised for its second consecutive weekly gain of around 1.9% following record peaks, reflecting continued investor interest in precious metals as a hedge against global uncertainty.