Prices of silver and gold rose sharply on Tuesday, January 27, 2026, following trends in global markets. Silver reached a record high of Rs 3,59,800 per kg on the Multi Commodity Exchange (MCX). Gold also gained, with the February 5 gold contract opening at Rs 1,58,674 per 10 grams and reaching an intraday high of Rs 1,59,820.
Experts say the rise is due to geopolitical tensions, weak currency, and policy uncertainty. Internationally, COMEX gold futures had gained USD 384.3 last week, touching USD 4,991.40 per ounce. The current spot gold price was around USD 5,069 per ounce.
Silver futures for March 2025 and May 2026 also recorded strong gains on the MCX. March silver opened at Rs 3,39,824 per kg and reached Rs 3,59,800, rising by Rs 25,101 or 7.49%. May silver futures jumped by Rs 16,876 or 5.04% to trade at Rs 3,51,575 per 10 grams.
In India, prices vary by city:
Delhi: 24-carat gold at Rs 1,62,100 per 10 grams; 22-carat at Rs 1,48,600; silver at Rs 3,70,000 per kg.
Mumbai: 24-carat gold at Rs 1,61,950 per 10 grams; 22-carat at Rs 1,48,450; silver at Rs 3,70,000 per kg.
Kolkata: 24-carat gold at Rs 1,61,950 per 10 grams; 22-carat at Rs 1,48,450; silver at Rs 3,70,000 per kg.
The rise in prices reflects strong demand and global trends. Investors are keeping a close watch on international markets, which continue to influence domestic gold and silver rates.
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Precious metals, especially gold and silver, are considered safe investments during uncertain times. Analysts suggest that both metals may continue to see gains if geopolitical tensions and currency fluctuations persist.
The increase in silver and gold prices shows strong market activity both in India and globally. Traders and investors are advised to monitor city-wise rates before buying, as prices continue to change during the day.
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