Gold and Silver Prices Rise Again On January 20; Check Rates In Major Indian Cities

New Delhi: Gold and silver prices climbed again on Tuesday, with both metals trading near record levels in key Indian cities. According to Bullions’ price listings, 24-carat gold was trading above Rs 1.47 lakh per 10 grams in many cities. Silver also saw a strong uptick, with rates nearing Rs 3.18 lakh per kilogram in some centres.

How much are gold rates today?

Gold remained expensive on Tuesday. A close look at rates shows:

• In Delhi, the current price of 24-carat gold is Rs 14,729 per gram and 22-carat gold is Rs 13,502 per gram.
• In Mumbai, the current price of 24-carat gold is Rs 14,754 per gram and 22-carat gold is Rs 13,525 per gram.
• In Kolkata, the current price of 24-carat gold is Rs 14,735 per gram and 22-carat gold is Rs 13,507 per gram.
• In Chennai, the current price of 24-carat gold is Rs 14,797 per gram and 22-carat gold is Rs 13,564 per gram.

What’s happening with silver prices?

Silver also stayed costly. In many centres, silver was trading at over Rs 318,230 per kilogram, though some places like Chennai and Hyderabad showed slightly stronger rates per kg.

Here's how prices look in major cities today:

• Price of silver in Delhi is Rs 3181 per 10 grams.
• Price of silver in Mumbai is Rs 3186 per 10 grams.
• Price of silver in Kolkata is Rs 3175 per 10 grams.
• Price of silver in Chennai is Rs 3188 per 10 grams

Why are prices climbing?

Market analysts say a mix of global and local factors is lifting precious metals:

• Strong global demand for safe-haven assets amid economic uncertainty.
• Currency movements and a weaker dollar making gold more attractive.
• Tight supplies in bullion markets.

These influences are pushing up rates in India and abroad, squeezing both buyers and traditional jewellery shoppers. 

What does this mean for buyers?

For regular customers, the higher prices mean heavier bills at the jeweler. Many buyers who planned purchases for festivals, weddings or investment might rethink timing as rates stay elevated. The trend also underscores how closely Indian rates follow global metals markets and domestic demand.