Gold prices in India, on Saturday, dropped close to 3.5% and silver slid about 5% from recent record highs on Saturday, as a stronger US dollar and sharp swings in the global bullion market weighed on sentiment.

Early readings from GoodReturns showed a modest ₹10 increase in the price of 24-carat gold, lifting the rate for 10 grams to about ₹1,78,860. Silver also firmed slightly, gaining nearly ₹100 per kilogram to trade just above ₹4,10,000 nationally.

Current gold rates in India (January 30)

24K gold: ₹17,886 per gram

22K gold: ₹16,396 per gram

18K gold: ₹13,415 per gram

These modest shifts came as buyers continued to watch international signals and domestic economic conditions before committing to bullion purchases.

MCX gold and silver prices in India

  • MCX Gold 10 g: Rs. 1,78,850
  • MCX Silver 1 kg: Rs. 4,10,000

Gold continues to outperform other commodities in weekly gains.

Gold rates across major cities

The national average for 24-carat (999 purity) gold hovered near ₹17,886 per gram. Prices in Mumbai and Kolkata stayed largely unchanged at around ₹1,78,860 for 10 grams, while Chennai continued to command a premium at roughly ₹1,83,290. In Delhi, the same quantity was quoted at approximately ₹1,79,010.

Rates for 22-carat gold reflected a similar pattern. Major centres such as Mumbai, Kolkata, Bengaluru and Hyderabad listed 10 grams close to ₹1,63,960. Chennai again stood higher at around ₹1,68,010, with Delhi reporting prices near ₹1,64,110.

Check the gold prices for January 29, 2026.

Gold prices in major cities (January 30, 2026)

City24 K22 K18 K
Delhi₹17,901₹16,411₹13,430
Mumbai₹17,886₹16,396₹13,415
Chennai₹18,329₹16,801₹13,901
Kolkata₹17,886₹16,396₹13,415
Bengaluru₹17,886₹16,396₹13,415
Hyderabad₹17,886₹16,396₹13,415
Thiruvanathapuram₹17,886₹16,396₹13,415

Silver prices in India

Silver prices stood at about ₹410.10 per gram nationwide, with one kilogram trading near ₹4,10,100 in Delhi, Mumbai and Kolkata. Chennai remained an outlier on the higher side, with rates approaching ₹4,25,100 per kilogram.

Analysts said silver remains more susceptible to global market shifts, with rupee volatility often amplifying domestic movements.

Factors influencing the market

Market watchers cited a mix of global and domestic factors shaping bullion trends:

  • Elevated geopolitical tensions sustaining safe-haven interest.
  • Sharp intraday swings in the rupee impacting the cost of imported gold.
  • Seasonal jewellery buying ahead of weddings and festivals supporting demand.
  • Market expectations tied to inflation outlook and potential RBI policy adjustments.

Advice for buyers and investors

Experts advised buyers to remain cautious amid persistent volatility. They recommended opting exclusively for BIS-hallmarked jewellery, comparing prices across retailers, and ensuring invoices clearly document purity, weight and all charges. For investors planning substantial purchases, tracking daily price changes remains essential.