If you are planning to buy or invest in gold or silver jewellery, then today’s latest prices may surprise you. With the beginning of 2026, there has been a huge jump in the prices of gold and silver. There are many big reasons behind the fluctuations in this market, which have surprised both investors and common people. If you are planning to buy or invest in jewelery today, January 12, 2026, then it is important for you to know the latest prices of gold and silver in your city today.
Rise in gold and silver prices on MCX
Today, January 12, both gold and silver are trading at record highs on the Multi Commodity Exchange (MCX). There is a huge rise in silver prices today, and experts believe that this is just the beginning. In the coming years, silver prices may break all previous records and create a new history. Will Silver really be able to cross the ₹3 lakh mark? And what level has the price of gold reached today? Let us know the entire market situation…
What is the price of gold today?
Today, gold prices remained high on Multi Commodity Exchange (MCX). At around 7:09 am, gold price rose by ₹961 to ₹1,38,703 per 10 grams. Gold prices have increased by about 0.7 percent, making it more expensive for middle class people to buy gold. The rapid increase in gold prices in the last few days has forced everyone to think.
What is the price of silver today? (Silver Price Today)
Silver, on the other hand, has performed very well today. Its shine has increased so much that the well-known brokerage firm Motilal Oswal has now set a target for it which will surprise anyone. A huge increase of about 3.71 percent has been seen in the prices of silver on MCX. In the morning, silver price rose by ₹9,038 to ₹2,52,362 per kg. With this big increase, silver prices are now close to their previous record high. Currently, the demand for silver is high in the market, and due to lack of supply, prices are continuously increasing.
Silver on MCX may reach ₹3.2 lakh in 2026: Motilal Oswal
A recent report by Motilal Oswal has drawn attention to this rapid rise in silver prices. The report claims that the price of silver may reach ₹3.20 lakh per kg in 2026. This means that the price of silver is expected to increase by about 27 percent from the current price. In 2025, silver also gave returns of up to 170 percent, which was more than all other investment options across the world, which is a big thing in itself.
Experts say that the ongoing global tension and uncertainty in trade are the major reasons behind the increase in silver and gold prices. When there is uncertainty in the world, people run towards gold and silver for safe investment. Moreover, the use of silver is no longer limited to just jewellery. There is huge demand for solar power plants, electric vehicles (EVs), power grids and electrical equipment, causing consumption to exceed production.
According to a report by Motilal Oswal, silver is not only a precious metal but has also become very important for the industry. The growing market of solar panels and electric vehicles has taken the demand for silver to the second highest level.