Gold prices in India continue to show strong momentum, with both gold and silver recording sharp gains over the past week. Driven by a mix of domestic demand and global economic signals, precious metals have once again attracted investor attention as safe-haven assets. On January 18, 2026, gold prices touched fresh highs in major Indian cities, while silver registered an even steeper rise on a weekly basis.
On a weekly basis, 24-carat gold prices have increased by ₹3,320 per 10 grams, while 22-carat gold has become costlier by ₹3,050 per 10 grams. This steady upward trend reflects both global market developments and strong domestic buying interest.
In the national capital Delhi, the price of 24-carat gold has reached ₹1,43,930 per 10 grams, while 22-carat gold is trading at ₹1,31,950 per 10 grams. These levels mark one of the highest price points seen in recent months.
Meanwhile, in the international market, spot gold is trading at $4,603.51 per ounce, providing firm support to domestic prices. Fluctuations in global bullion markets often have a direct impact on Indian gold rates, as India relies heavily on gold imports.
Gold prices remain largely uniform across metropolitan cities, with minor variations due to local taxes and logistics costs.
Mumbai, Chennai, and Kolkata:
24-carat gold: ₹1,43,780 per 10 grams
22-carat gold: ₹1,31,800 per 10 grams
Pune and Bengaluru:
24-carat gold: ₹1,43,780 per 10 grams
22-carat gold: ₹1,31,800 per 10 grams
Ahmedabad and Bhopal:
24-carat gold: ₹1,43,830 per 10 grams
22-carat gold: ₹1,31,850 per 10 grams
Jaipur, Lucknow, and Chandigarh:
24-carat gold: ₹1,43,930 per 10 grams
22-carat gold: ₹1,31,950 per 10 grams
These rates indicate sustained strength across regions, reflecting consistent demand from both investors and jewelry buyers.
One of the key drivers behind the recent surge in gold prices is the weakening inflation data from the United States. Softer inflation figures have strengthened expectations that the US Federal Reserve may cut key interest rates in the near future. Lower interest rates generally reduce the opportunity cost of holding non-yielding assets like gold, making them more attractive to investors.
In addition, ongoing geopolitical uncertainties and currency fluctuations continue to support demand for gold as a safe-haven investment. With global markets remaining volatile, investors are increasingly turning to precious metals to hedge against risk.
Silver has outperformed gold in percentage terms over the past week. On a weekly basis, silver prices have surged by ₹35,000 per kilogram, highlighting strong buying interest.
As of the morning of January 18, 2026, silver is trading at ₹2,95,000 per kilogram in the domestic market. In the international market, spot silver is priced at $90.33 per ounce.
Notably, silver prices in India have already risen 22.4 percent so far in 2026, underlining its growing appeal among investors. Industrial demand, coupled with investment buying, has played a significant role in supporting silver prices this year.
Market experts believe that gold and silver prices may remain volatile in the near term, influenced by global interest rate decisions, currency movements, and economic data from major economies. If expectations of rate cuts by central banks materialize, precious metals could see further upside.
For Indian investors, gold and silver continue to serve as important portfolio diversifiers, offering protection against inflation and economic uncertainty. However, experts advise tracking global cues closely and considering long-term goals before making investment decisions.
In summary, with gold gaining ₹3,320 and silver jumping ₹35,000 in just one week, the precious metals market remains firmly in focus, reflecting both global trends and strong domestic demand.
