Prices of gold and silver in India were generally stable on January 20, 2026, where there were some weak upward trends triggered by international factors and currency changes and the domestic market demand.
Precious metals still can be considered as culturally and economically significant in India particularly at the wedding season and during the festivals and also as the favorite hedge against inflation amongst the investors.
In India, the price of gold improved marginally with the strong global demand and the current inflationary pressures. The price of 24-carat gold or 999 pure gold is now valued at 13,621 per gram. However, 22-carat gold containing 91.67 percent pure gold, commonly used in making jewellery is currently priced at Rs 12, 486 per gram.
Some factors affecting the prices of gold in the domestic market include international bullion prices, trends in the US dollar, importation tax and domestic jewellery demand. The approach to buying the metal before weddings and festivals can also lead to price fluctuations, and the uncertainty of the global economy remains in favor of the safe-haven buying of the metal.
In large cities, the price of gold has small differences on a regional level. In Delhi, the price of 24 carat gold per gram is fixed at Rs 13,636, 22 carat gold goes at 12 501 per gram. In Mumbai, the markets are selling 24 carat gold at Rs 13,621 per gram and 22 carat gold at Rs 12,486 per gram.
The same is being experienced in Kolkata where 24-carat gold can be bought at an amount of Rs 13,621 per gram and 22-carat gold is being sold at an amount of Rs 12,486 per gram. Chennai is also registering a little higher with 24 carat gold costing 13725 per gram and 22 carat gold costing 12581 per gram.
Silver prices were also stable on January 20 which was an indication of the world market and a high level of industry demand. Indian Silver is trading at approximately 2,42,100 per kilogram of 999 purity and Silver 925 or otherwise known as sterling silver is trading at approximately 2, 42,000 per kilogram.
Silver is still used as an investment as well as Jewellery and traditional ornaments especially around the areas where people use silver as an alternative to gold.
There is limited fluctuation in city-wise silver prices. Silver 999 is priced at 2421 per 10 grams in Delhi. Silver 999 is also selling at Rs 2,421 per 10 grams in Mumbai and Kolkata which is also at the same rate. Chennai, however, is enjoying an inflated silver prices with the Silver 999 selling at Rs 2,601 per 10 grams.
Also Read: Gold Climbs to ₹1.55 Lakh, Silver Above ₹3.25 Lakh – City-Wise Rates Jan 21
Market analysts observe that the prices of both gold and silver will continue to react to global economic statistics, interest rate outlooks, and exchange rates in the near future. The precious metals have continued to be a reliable store of value to Indian consumers and investors in the face of continuing global uncertainty.
