On January 21, 2026, gold and silver prices in India have broken records. This rise has occurred due to global tensions and increasing demand for safe investments. Gold February futures on MCX reached a record high of ₹1,58,339 per 10 grams in Wednesday’s trading session. This is an increase of ₹7,774 (5.16%) from the previous closing price. At the same time, Silver March futures reached ₹3,35,000 per kg, showing a jump of ₹11,849 (3.66%).
What were the prices of gold and silver today?
On January 21, 2026, gold for February delivery on MCX closed at ₹ 1,57,928 per 10 grams, showing a rise of ₹ 7,363 or 4.89 percent. At the same time, silver for March delivery reached ₹ 3,34,171 per kg, which increased by ₹ 10,499 or 3.24 percent. In international markets, gold hit an all-time high of $4,870 on Comex, and silver touched a high of $95.53.
What has been the recent price trend?
For the last few days, the prices of gold and silver have been continuously increasing.
January 20, 2026: Silver was at an all-time high of ₹3,19,949 per kg, and gold was at ₹1,50,199 per 10 grams. 19 January 2026: Silver crossed the ₹3 lakh per kg mark for the first time and closed at ₹3,10,275 per kg. According to IBJA (Indian Bullion and Jewelers Association), 22 carat gold was rising at ₹ 1,42,167 per 10 grams since Tuesday. In the international market, spot gold crossed $4,800 an ounce, and silver remained near $94.89 an ounce.
Why are prices rising so much?
According to market experts, there are several reasons for this huge surge in gold and silver prices:
Global geopolitical tensions are increasing. Donald Trump has announced to impose 10% tariffs on the EU. There is still uncertainty on the US-India trade deal. Strategic issues have emerged between Russia and China in Greenland. The dollar is weakening and the rupee is also falling. Due to all this, investors are turning to gold and silver as safe haven, due to which their demand has increased.
Jatin Trivedi of LKP Securities has said that gold may remain in the range of ₹1,42,000 to ₹1,55,000.
What are the estimated prices of gold and silver in major cities?
The estimated prices of gold and silver in the major bullion markets of the country on January 21, 2026 are as follows:
Cities Gold (24 carat, 10 grams) Silver (per kg) Delhi ~₹1,58,000+ ~₹3,23,920+ Mumbai ~₹1,57,500+ ~₹3,35,000+ Chennai ~₹1,58,500+ ~₹3,24,000+
These prices are approximate; Actual rates depend on the local market and jeweler.
What is expected next?
Experts say that if global uncertainty persists, the prices of gold and silver may continue to rise. However, there may be some improvement in prices due to increase in interest rates or strengthening of the dollar. Be sure to check local rates before investing.
Disclaimer: Investing in the stock market or any financial market is risky. Always seek expert advice before investing.
Last Updated: 21 January 2026
