Gold, Silver Prices Steady On Jan 2: City-Wise Rates Across India
Gold and silver prices showed little movement on Friday and held their ground with modest changes compared with recent days.
New Delhi: Gold prices in the country opened the trading week on a steady note on Friday, while silver remained strong, staying near recent highs. Buyers and investors are watching metal markets closely after a volatile end to 2025.
How much are gold rates right now?
According to market trackers, 24-carat gold (also referred to as 999 pure gold) is trading around Rs 13,486 per gram today, with 22-carat (which contains 91.67 percent pure gold, commonly used in jewellery) at about Rs 12,364 per gram. These figures reflect a small uptick from the previous day but show only modest movement overall.
Heres how prices look in major cities today:
- In Delhi, the current price of 24-carat gold is Rs 13,503 per gram and 22-carat gold is Rs 12,379 per gram.
- In Mumbai, the current price of 24-carat gold is Rs 13,488 per gram and 22-carat gold is Rs 12,364 per gram.
- In Kolkata, the current price of 24-carat gold is Rs 13,488 per gram and 22-carat gold is Rs 12,364 per gram.
- In Chennai, the current price of 24-carat gold is Rs 13,614 per gram and 22-carat gold is Rs 12,479 per gram.
Prices differ slightly across regions due to local taxes and transportation costs.
What's happening with silver?
Silver is holding its ground near high levels. In several Indian cities, the rate per kilogram is close to Rs 2,38,900, reflecting continued investor and industrial demand. While global markets were slow to open after New Year holidays, domestic silver prices stayed firm.
- Price of silver in Delhi is Rs 2389 per 10 grams.
- Price of silver in Mumbai is Rs 2389 per 10 grams.
- Price of silver in Kolkata is Rs 2389 per 10 grams.
- Price of silver in Chennai is Rs 2569 per 10 grams.
Why are metal prices where they are?
Last year, both gold and silver climbed sharply, driven by global economic uncertainty, rising inflation, and strong buying from investors seeking safe assets. Silver in particular saw steep gains in late 2025, although prices have eased slightly from record peaks as liquidity thinned around year-end.
Analysts say price swings in early 2026 could continue, with global demand, currency movements and interest rate expectations all playing roles. For now, gold remains a stable store of value, while silver attracts attention for its industrial links and recent performance.
What should buyers and investors keep in mind?
Consumers planning jewellery purchases should check final rates at local showrooms, as listed prices don’t include GST and making charges. Investors tracking bullion should watch how global markets reopen this week and react to broader economic signals.
