Gold Silver Rate Today, January 31, 2026: City-Wise Rates And MCX Prices In India

India

oi-Ashish Rana

Gold
Silver
Rates
Today,
Jan
31,
2026:
Gold
and
silver
prices
in
India
on
January
31,
2026
continue
to
move
in
response
to
global
market
trends,
currency
fluctuations
and
domestic
demand.

While
gold
prices
have
inched
up
marginally,
silver
has
entered
a
consolidation
phase
after
witnessing
sharp
volatility
and
record
highs
earlier
this
month.
Precious
metals
remain
crucial
for
both
investment
and
jewellery
demand,
particularly
during
the
festive
and
wedding
seasons.

Gold
Prices
Edge
Up
on
Global
Demand

Gold
prices
in
the
Indian
market
showed
a
slight
rise
on
Friday,
supported
by
international
cues
and
persistent
inflationary
concerns.
As
of
today,
24-carat
gold
is
priced
at
₹16,026
per
gram,
while
22-carat
gold
is
trading
at
₹14,690
per
gram.
Price
movements
continue
to
be
influenced
by
global
bullion
trends,
the
US
dollar
and
domestic
buying
interest.

City-Wise
Gold
Prices
Today
(₹
per
gram)

Delhi

• 24K:
  ₹16,041
• 22K:
  ₹14,705

Mumbai

• 24K:
  ₹16,026
• 22K:
  ₹14,690

Kolkata

• 24K:
  ₹16,026
• 22K:
  ₹14,690

Chennai

• 24K:
  ₹15,949
• 22K:
  ₹14,570

Silver
Prices
Consolidate
After
Record
Rally

Silver
prices
in
India
have
stabilised
after
a
dramatic
rally
earlier
in
January.
On
January
31,
2026,
physical
silver
is
trading
at
around
₹3,35,000
per
kilogram,
while
Silver
925
is
priced
close
to
₹3,34,900
per
kilogram.
Recent
price
consolidation
follows
heavy
profit
booking
and
a
stronger
US
dollar.

MCX
Gold
and
Silver
Rates
Today

• MCX
  Silver
  Futures
  (March):
  ₹3,94,900
  per
  kg
• MCX
  Gold
  Futures
  (February):
  ₹1,69,200
  per
  10
  grams

Despite
the
recent
correction,
silver
prices
remain
significantly
higher
on
a
weekly
and
monthly
basis,
reflecting
strong
speculative
and
industrial
demand.

City-Wise
Silver
Prices
Today

Delhi
10
grams:
₹3,949
100
grams:
₹39,490
1
kg:
₹3,94,900

Mumbai
10
grams:
₹3,950
100
grams:
₹39,500
1
kg:
₹3,95,000

Kolkata
10
grams:
₹3,950
100
grams:
₹39,500
1
kg:
₹3,95,000

Bengaluru
10
grams:
₹3,950
100
grams:
₹39,500
1
kg:
₹3,95,000

Chennai
10
grams:
₹4,050
100
grams:
₹40,500
1
kg:
₹4,05,000

Hyderabad
10
grams:
₹4,050
100
grams:
₹40,500
1
kg:
₹4,05,000

Outlook
After
a
Volatile
January

Silver
prices
have
surged
sharply
over
January,
rising
from
₹2,38,000
per
kilogram
at
the
beginning
of
the
month
to
nearly
₹3,95,000
per
kilogram
by
January
31.
Analysts
believe
the
market
is
now
searching
for
direction
after
extreme
speculative
activity.

While
short-term
indicators
suggest
caution,
long-term
fundamentals
such
as
industrial
demand
from
renewable
energy
and
electronics
continue
to
support
silver
prices.
Future
movement
is
expected
to
depend
on
the
US
dollar,
physical
demand
and
trading
activity
on
futures
exchanges
like
the
MCX.