Gold and silver prices in India continued their upward march for the third consecutive day, reflecting rising global uncertainty and strong safe-haven demand. Over the last three days alone, the price of 10 grams of gold has surged by more than ₹6,000, while silver has recorded an even sharper jump. Investors and buyers are closely tracking daily movements as international geopolitical tensions and trade concerns push precious metals higher.
In the domestic market, gold prices have remained firm after a brief pause earlier this week. On Wednesday, January 21, gold resumed its upward trajectory across key Indian cities. In Delhi, 24-carat gold rose by ₹10 per 10 grams, while 22-carat gold also gained ₹10. Though the daily increase may appear modest, the cumulative rise over the last three days has been significant.
Over this short period:
24-carat gold has become costlier by ₹6,010 per 10 grams
22-carat gold has climbed by ₹5,510 per 10 grams
This sharp increase has brought gold prices close to record levels in several markets, reinforcing its status as a preferred hedge during times of global instability.
Here is a look at the latest prices of 10 grams of gold across 10 major Indian cities, covering 24-carat, 22-carat, and 18-carat purity levels:
Delhi:
24-carat: ₹1,49,920
22-carat: ₹1,37,460
18-carat: ₹1,12,480
Mumbai & Kolkata:
24-carat: ₹1,49,790
22-carat: ₹1,37,310
18-carat: ₹1,12,350
Chennai:
24-carat: ₹1,51,650
22-carat: ₹1,39,010
18-carat: ₹1,15,910
Bengaluru & Hyderabad:
24-carat: ₹1,49,790
22-carat: ₹1,37,310
18-carat: ₹1,12,350
Lucknow & Jaipur:
24-carat: ₹1,49,920
22-carat: ₹1,37,460
18-carat: ₹1,12,480
Patna & Ahmedabad:
24-carat: ₹1,49,820
22-carat: ₹1,37,360
18-carat: ₹1,12,380
Prices may vary slightly depending on local taxes, making charges, and jeweller margins.
Silver has mirrored gold’s rally and, in fact, has shown even stronger momentum. After a day of stability, silver prices have increased for three consecutive sessions. In Delhi, silver has become costlier by ₹25,100 per kilogram in just three days.
Looking at a slightly longer timeframe, despite one flat session and a sharp ₹3,000 dip on another day, silver prices have risen by ₹60,100 per kg over the last 10 days. On January 21:
Delhi silver price: ₹3,20,100 per kg (up ₹100)
Mumbai & Kolkata: Around ₹3,20,100 per kg
Chennai: ₹3,40,100 per kg — the highest among major metros
The recent rally in precious metals is largely being driven by global geopolitical and trade tensions. Fresh concerns emerged after the United States signaled potential tariff actions against several European nations amid disagreements related to Greenland and broader trade policies. Rising uncertainty over global trade flows has made investors cautious, pushing them toward safe-haven assets like gold and silver.
Additionally, expectations around global interest rate movements, currency volatility, and persistent inflation fears have further strengthened demand for precious metals. When uncertainty rises, gold and silver traditionally benefit, and the current market environment reflects that pattern clearly.
With prices at elevated levels, short-term buyers may prefer to track daily movements closely, while long-term investors often see such phases as confirmation of gold’s role as a portfolio stabilizer. Experts suggest staggered buying instead of lump-sum purchases to manage volatility.
Gold prices in India have climbed sharply, gaining over ₹6,000 in just three days, while silver has seen an even steeper rise. As global tensions continue to influence financial markets, precious metals are likely to remain in focus. Whether you are an investor or a jewellery buyer, staying informed about daily price movements and global cues will be crucial in the days ahead.
