The gold and silver rate in India today, 29 January 2026, shows a sharp surge, with gold hitting record highs and silver crossing the ₹4 lakh per kg mark amid strong global safe-haven demand.
Gold and Silver Rate in India Today: Market Overview
🟡 Gold (per 10 g, standard purity)
- 24 Carat gold (pure): roughly ₹1,76,000 + per 10 g — record high levels reflecting a strong rally.
- Prices have reached new peaks due to global safe-haven demand and local market pressure.
- On the Multi Commodity Exchange (MCX), gold futures have also scaled up sharply, often pushing spot and retail prices upward.
🪩 Silver (per kg & per 10 g)
- Silver price: around ₹4,10,000 per kg (₹4,100 per 10 g) — a dramatic spike.
- Some regional quotes show even higher prices, e.g. ₹4,25,000 per kg in Bhubaneswar.
- Silver has breached the ₹4 lakh/kg mark, reflecting strong buying and tight supplies.
💡 Key drivers today:
- Safe-haven demand amidst geopolitical and economic uncertainty.
- Weakness in the U.S. dollar historically lifts gold and silver prices globally.
- Investment inflows (gold & silver ETFs) and rising import bills may contribute to price pressure.
📊 Price Trends Over the Last ~10 Days
Below is a day-by-day trend showing how gold and silver have moved in India — showing a clear rising trend.
🟡 Gold Price (24 Carat, per 10 g)
(Based on average national data across major price trackers)
| Date | Approx Price | Direction |
|---|---|---|
| Jan 20 | ₹1,49,667 | Starting upward trend |
| Jan 21 | ₹1,50,672 | + |
| Jan 22 | ₹1,49,002 | minor dip |
| Jan 23 | ₹1,51,841 | + |
| Jan 24 | ₹1,54,865 | + |
| Jan 25 | ₹1,54,865 | stable |
| Jan 26 | ₹1,57,615 | + |
| Jan 27 | ₹1,55,734 | slight dip |
| Jan 28 | ₹1,62,125 | significant + |
| Jan 29 | ~₹1,76,000+ | strong increase (new record) |
👉 Gold has climbed steadily, with brief small dips, and recent days showing a sharp accelerated increase — a classic bullish pattern in precious metals during uncertain markets.
🪩 Silver Price (per kg)
| Date | Approx Price | Direction |
|---|---|---|
| Jan 20 | ₹3,20,000 | Starting trend |
| Jan 21 | ₹3,30,000 | + |
| Jan 22 | ₹3,25,000 | slight down |
| Jan 23 | ₹3,40,000 | + |
| Jan 24 | ₹3,35,000 | slight dip |
| Jan 25 | ₹3,35,000 | stable |
| Jan 26 | ₹3,60,000 | + surge |
| Jan 27 | ₹3,70,000 | + |
| Jan 28 | ₹3,80,000 | + |
| Jan 29 | ₹4,10,000+ | major jump |
👉 Silver’s rise is even steeper than gold’s — especially in the last 3–4 days — with a very strong breakout above ₹4 lakh/kg.
📌 What This Trend Means
Overall, the gold and silver rate in India continues to reflect strong bullish momentum driven by global uncertainty, currency movement, and rising investment demand.
📈 Strong Upward Momentum
Both gold and silver have not simply risen — they have accelerated in price. Compared to earlier in the month, the escalation has been significant.
- Gold shows sustained bullish behavior, with now nearly two weeks of upward momentum.
- Silver’s recent upswing suggests increasing demand beyond traditional industrial use — likely investor flight to precious metals.
💡 Underlying Drivers
Several economic and market factors are likely behind these trends:
- Global economic uncertainty: Continued geopolitical tensions and macroeconomic fears push investors toward safe-haven assets like gold and silver.
- Currency effects: A weaker USD versus the INR tends to lift local bullion prices.
- Inflation and portfolio diversification: With inflation concerns still fresh, precious metals are attractive diversifiers.
- ETF and investment inflows: Record ETF inflows show investment demand rising alongside physical demand.
- Import cost impact: India imports nearly all its gold and most of its silver — rising global prices thus push domestic costs higher.
🧠 What It Means for You
💍 If You’re Buying Jewellery
- Prices are currently very high — you may want to watch further signals (e.g., central bank cues, dollar movement) before making big purchases.
- Avoid impulsive buying during sharp spikes.
📈 If You’re Investing
- Gold: Momentum is strong — but upside rallies can experience pullbacks.
- Silver: More volatile than gold — higher risk and higher reward — watch global industrial demand and ETF flows.
Given the ongoing volatility, tracking the gold and silver rate in India daily has become increasingly important for investors, traders, and jewellery buyers.
🧑💼 For Short-Term Traders
- High volatility means entry/exit timing is crucial — consider relative strength indicators and caution around major news events.
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