Gold and silver prices opened the new week on a weaker note in the domestic bullion market on Monday, January 5, 2026. After showing strength in recent sessions, both precious metals witnessed mild pressure at the start of the week.

Despite the short-term softness, long-term trends remain positive. Gold surged over 73% during 2025, while silver outperformed gold with an impressive annual gain of nearly 164%, making it one of the best-performing assets of the year.

Gold Rates in Delhi Today

In the national capital:

• 24-carat gold is priced at ₹135,960 per 10 grams

• 22-carat gold stands at ₹124,640 per 10 grams

Over the past week, 24-carat gold has gained around ₹750, while 22-carat gold has risen by nearly ₹760.

Gold Prices in Mumbai, Chennai & Kolkata

• Mumbai

  • 24-carat: ₹135,810

  • 22-carat: ₹124,490

• Chennai

  • 24-carat: ₹135,810

  • 22-carat: ₹124,490

• Kolkata

  • 24-carat: ₹135,810

  • 22-carat: ₹124,490

Gold Rates Across Major Indian Cities

International Market Snapshot

• Spot Gold: $4,392.94 per ounce

• Spot Silver: $74.52 per ounce

Market analysts expect gold prices to remain range-bound in the short term, while global uncertainties may continue to support prices over the long run.

Geopolitical Tensions Support Safe-Haven Demand

Rising geopolitical concerns, particularly related to the US action involving Venezuela and President Nicolas Maduro, have increased global uncertainty. Historically, such situations tend to boost demand for safe-haven assets like gold and silver.

Silver Prices Also Edge Lower

• Silver price (Jan 5): ₹240,900 per kg

Despite today’s dip, silver has gained around ₹3,100 over the past week. Analysts point out that China’s new restrictions on silver exports could impact global supply, leading to higher volatility in prices.

Outlook for 2026

Experts believe:

• Gold may continue its upward bias in 2026

• Silver could remain volatile but offers strong long-term potential