Gold and silver prices in the domestic market have continued their upward momentum, reflecting strong global cues and sustained investor demand. On a weekly basis, gold prices have recorded a notable increase, while silver has seen an even sharper rise. As of January 4, 2026, precious metals are trading close to record highs, supported by international market trends, currency movements, and economic uncertainty.

Gold Prices Maintain Weekly Gains

Gold prices have strengthened consistently over the past week. Data shows that 24-carat gold has gained around ₹750 per 10 grams, while 22-carat gold has risen by nearly ₹760 per 10 grams during the same period. This steady climb highlights continued interest in gold as a safe-haven asset.

In the national capital, 24-carat gold is currently priced at ₹1,35,970 per 10 grams, while 22-carat gold is trading at ₹1,24,650 per 10 grams. In Mumbai, the price of 24-carat gold stands at ₹1,35,820 per 10 grams, with 22-carat gold at ₹1,24,500 per 10 grams.

Internationally, gold has touched a fresh peak, with the spot price reaching USD 4,392.94 per ounce, indicating strong global demand. The rise in global prices has played a key role in pushing domestic gold rates higher.

City-Wise Gold Rates Today

Gold prices remain largely uniform across several major cities, with slight variations due to local taxes and logistics costs.

• In Delhi, Jaipur, Lucknow, and Chandigarh, 24-carat gold is priced at ₹1,35,970 per 10 grams, while 22-carat gold is available at ₹1,24,650 per 10 grams.

• In Mumbai, Chennai, Kolkata, Hyderabad, Pune, and Bengaluru, 24-carat gold is selling at ₹1,35,820 per 10 grams and 22-carat gold at ₹1,24,500 per 10 grams.

• In Ahmedabad and Bhopal, gold prices are slightly higher, with 24-carat gold trading around ₹1,35,870 per 10 grams.

Market experts note that both domestic and global factors influence gold prices. These include international bullion rates, currency fluctuations, central bank policies, inflation trends, and geopolitical developments.

Strong Performance in 2025, Positive Outlook for 2026

Gold delivered an impressive performance throughout 2025, rising by nearly 73.45 percent over the year. This surge was driven by persistent global uncertainty, expectations of interest rate adjustments, and strong buying from investors seeking stability.

Looking ahead to 2026, analysts expect gold prices to remain firm, with the possibility of further gains over the medium to long term. However, in the short term, international prices may move within a limited range as markets await clearer signals on global monetary policy.

Silver Prices Outshine Gold

Silver has emerged as the stronger performer on a weekly basis. Over the past week, silver prices have jumped by ₹3,100 per kilogram, underlining robust demand and tightening supply conditions.

As of January 4, silver is priced at ₹2,41,000 per kilogram in the domestic market. On the global front, silver is trading at around USD 74.52 per ounce.

In 2025 alone, silver prices have surged by approximately 163.5 percent, significantly outperforming gold on a yearly basis. Experts attribute this sharp rise to increased industrial demand and supply-side concerns.

Global Factors Driving Silver Rally

Market analysts point out that new export controls introduced by China on silver-related products could impact global supply chains. These restrictions are expected to tighten availability in international markets, which may continue to support higher prices in the coming months.

Additionally, silver’s growing use in industrial applications, particularly in electronics and renewable energy sectors, has further boosted demand.

Key Takeaway for Investors

With both gold and silver trading near record levels, investors are closely watching global developments. While gold remains a preferred hedge against inflation and uncertainty, silver’s strong industrial demand is making it an increasingly attractive option.

As prices remain volatile, experts advise investors to assess their risk appetite and investment horizon before making fresh purchases. The coming months of 2026 are likely to remain crucial for precious metal markets, with global economic trends playing a decisive role.