The prices stood at ₹15,971 per gram for 24-carat gold, ₹14,640 per gram for 22-carat gold, and ₹11,978 per gram for 18-carat gold.
New Delhi: Gold prices rose on Friday, January 23, with the rates in India being ₹15,971 per gram for 24-carat gold, ₹14,640 per gram for 22-carat gold, and ₹11,978 per gram for 18-carat gold (also known as 999 gold). This follows a drop in prices on Thursday, snapping a record-breaking rally, as easing geopolitical tensions reduced safe-haven demand and a stronger US dollar added pressure.
Investors and buyers can check daily updates on gold and silver prices to make informed decisions in the market.
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Gold prices in major cities (January 23, 2026)
| City | 24 K | 22 K | 18 K |
| Delhi | ₹15,445 | ₹14,159 | ₹11,587 |
| Mumbai | ₹15,971 | ₹14,640 | ₹11,978 |
| Chennai | ₹15,982 | ₹14,650 | ₹12,220 |
| Kolkata | ₹15,971 | ₹14,640 | ₹11,978 |
| Bengaluru | ₹15,971 | ₹14,640 | ₹11,978 |
| Hyderabad | ₹15,971 | ₹14,640 | ₹11,978 |
| Pune | 15,971 | 14,640 | 11,978 |
| Kerala | ₹15,971 | ₹14,640 | ₹11,978 |
Bullion prices remain volatile due to various domestic and international factors, such as Donald Trump’s push to acquire Greenland, US tariffs, and fluctuations in the US dollar and Wall Street indices.
Rising interest rates in major economies like the US can reduce gold’s appeal, lowering prices, and vice versa.
Similarly, policies such as import duties or discouraging gold consumption to manage the current account deficit can affect rates.
The latest gold prices in India are updated daily and sourced from reputed jewellers across the country. The data provided here, based on Goodreturns, is for informational purposes only.
Silver price today in India
The silver rate in India today rose to ₹340 per gram and ₹3,40,000 per kilogram.
Silver ETFs on the NSE fell dramatically on Thursday—Tata Silver ETF plunged 13.6%, and gold ETFs saw losses of 8–10%.
The Indian rupee’s exchange rate against the US dollar significantly impacts domestic pricing; a weaker rupee often results in higher silver prices in India, even when global rates remain steady.
Market participants are also watching global economic signals, as silver often mirrors broader trends in commodities and manufacturing demand.
With silver remaining a key asset for portfolio diversification and wealth preservation, staying informed about the daily silver price in India is essential for those looking to invest in precious metals, whether in physical form, coins, bars, or Exchange-Traded Funds (ETFs).
Silver prices in major Indian cities – January 23, 2026
| City | 10 g | 100 g | 1 Kg |
| Chennai | ₹3,600 | ₹36,000 | ₹3,60,000 |
| Mumbai | ₹3,400 | ₹34,000 | ₹3,40,000 |
| Delhi | ₹3,400 | ₹34,000 | ₹3,40,000 |
| Kolkata | ₹3,400 | ₹34,000 | ₹3,40,000 |
| Bangalore | ₹3,400 | ₹34,000 | ₹3,40,000 |
| Hyderabad | ₹3,600 | ₹36,000 | ₹3,60,000 |
| Pune | ₹3,400 | ₹34,000 | ₹3,40,000 |
| Kerala | ₹3,600 | ₹36,000 | ₹3,60,000 |
Expert advice for gold buyers
Those planning to invest in gold jewellery, coins, or bars are advised to follow these expert recommendations:
- Always check for BIS hallmark certification to ensure the gold’s purity and authenticity.
- Compare gold rates across multiple jewellers before making a purchase.
- Insist on a proper invoice and accurate weight documentation for every transaction.
- Keep a close watch on daily gold price trends to capitalise on short-term price dips and market fluctuations.
Published: 23 Jan 2026, 10:00 am IST
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