If you’re planning to invest in gold or silver today, it’s wise to pause and review the latest prices. On January 16, 2026, gold prices in India saw a marginal decline, while silver continued its strong upward rally, touching its highest level this month.
The contrasting movement of these precious metals over the past two weeks has caught the attention of both buyers and investors.
Gold eases, but trend remains strong
The price of 24-carat gold today stands at ₹14,361 per gram, down by ₹1 from yesterday. Though the dip is minimal, it comes after gold touched a record high of ₹14,400 per gram on January 14.
Since the start of January, gold prices have risen by nearly 6.33%, reflecting sustained demand. For jewellery buyers, 22-carat gold is priced at ₹13,164 per gram today.
Experts believe that small corrections like this may offer a better entry point for long-term buyers.
Silver shines brighter than ever
Silver, on the other hand, is showing no signs of slowing down. Prices jumped by ₹100 per kg, taking the rate to ₹2,95,100 per kilogram today.
In January alone, silver has surged by an impressive 23.99%, making it one of the strongest-performing assets this month. Global market trends and the rupee’s movement against the US dollar are further supporting this rally.
City-wise gold prices (per gram)
| City | 24 Carat (₹) | 22 Carat (₹) | 18 Carat (₹) |
|---|---|---|---|
| Mumbai | 14,361 | 13,164 | 10,771 |
| Delhi | 14,376 | 13,179 | 10,786 |
| Chennai | 14,499 | 13,291 | 11,091 |
| Bengaluru | 14,361 | 13,164 | 10,771 |
| Kolkata | 14,361 | 13,164 | 10,771 |
Gold prices are slightly higher in Chennai compared to other cities.
City-wise silver prices
| City | 10 g (₹) | 100 g (₹) | 1 kg (₹) |
|---|---|---|---|
| Mumbai | 2,951 | 29,510 | 2,95,100 |
| Delhi | 2,951 | 29,510 | 2,95,100 |
| Chennai | 3,101 | 31,010 | 3,10,100 |
| Bengaluru | 2,951 | 29,510 | 2,95,100 |
| Kolkata | 2,951 | 29,510 | 2,95,100 |
Silver prices in Chennai remain significantly higher than other major cities.
Gold or silver: which should you choose?
Gold continues to be seen as a safe and stable long-term investment, especially during minor price corrections. Silver, however, is attracting attention due to its sharp recent gains, making it appealing for short-term traders—but also riskier.
Bottom line:
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Long-term investors may consider accumulating gold during dips
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Short-term investors should track silver trends closely before entering
