Gold and silver prices stay strong across India on January 28, 2026, with steady demand keeping rates near record highs
Gold and silver prices in Indian markets stayed strong on January 28, 2026. Strong global cues, safe-haven buying, and steady domestic demand kept gold prices near record highs, while silver continued to trade strong due to rising industrial and investment demand. Prices showed minor city-wise variations because of local taxes, logistics, and demand.
Delhi
In the national capital, gold prices stayed steady. The price of 24-carat gold was around ₹1,62,090 per 10 kilos, while 22-carat gold was near ₹1,48,590 per 10 grams. The price of 18-carat gold maintained around ₹1,21,600 per 10 kilos.
Silver prices in Delhi were strong, trading at approximately ₹3,70,100 per kilogram.
Mumbai
Mumbai had somewhat lower gold prices than Delhi. The price of 24-carat gold was approximately ₹1,61,940 per 10 grams, while 22-carat gold was around ₹1,48,440. The price of 18-carat gold hovered around ₹1,21,450 per 10 grams.
Silver prices in Mumbai matched Delhi levels and traded at around ₹3,70,100 per kilogram.
Chennai
Chennai continued to see higher prices due to regional premiums. The rate of 24-carat gold reached nearly ₹1,63,190 per 10 grams, while 22-carat gold traded at around ₹1,49,590 per 10 grams. The price of 18-carat gold stood at approximately ₹1,24,740 per 10 grams.
Silver prices in Chennai remained higher than most cities and traded near ₹3,87,100 per kilogram.
Kolkata
Gold prices in Kolkata remained in line with Mumbai. The city recorded around ₹1,61,940 per 10 grams for 24-carat gold and nearly ₹1,48,440 per 10 grams for 22-carat gold. The rate of 18-carat gold stayed close to ₹1,21,450 per 10 grams.
Silver prices in Kolkata stood at approximately ₹3,70,100 per kilogram.
Bengaluru
Bengaluru saw stable gold prices on January 28. The price of 24-carat gold was around ₹1,61,940 per 10 grams, while 22-carat gold traded near ₹1,48,440 per 10 grams. The 18-carat gold rate remained close to ₹1,21,450 per 10 grams.
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Silver prices in Bengaluru were steady at about ₹3,70,100 per kilogram.
Hyderabad
Silver prices in Hyderabad traded at higher levels compared to northern cities. The metal was priced at around ₹3,87,100 per kilogram, supported by strong local demand and logistics costs.
Ahmedabad
Ahmedabad has silver prices comparable to Delhi and Mumbai. Silver was priced at around ₹3,70,100 per kilogram in the city.
Market Trend and Outlook
Despite global economic uncertainties, currency fluctuations, and geopolitical concerns, gold remained an attractive safe-haven commodity for investors. Although prices demonstrated some short-term stability, experts predict gold will stay well supported in the medium to long term.
Silver gained strength from its dual position as a precious and industrial metal. Rising demand from the renewable energy, electronics, and manufacturing sectors kept silver prices stable in January 2026.
On January 28, 2026, gold prices stayed at record highs in most Indian cities, while silver traded strong above ₹3.7 lakh per kilogram. Despite minor city-specific variations, the overall trend for both precious metals remained positive.
