Gold and silver prices surged to historic highs across India on January 27, 2026, driven by global geopolitical tensions and strong safe-haven demand. In Mumbai, gold touched ₹155,960 per 10 grams (24K), while silver soared past ₹3.35 lakh per kg, reflecting heightened investor interest and market volatility.
Precious Metals at Record Levels
Gold and silver continued their rally this week, with bullion markets witnessing unprecedented highs. The surge is attributed to global uncertainty, tariff concerns, and robust central bank purchases, which have fueled safe-haven demand.
Key Highlights:
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Gold Prices (Mumbai): 24K gold traded at ₹155,960 per 10 grams. Chennai recorded slightly higher rates at ₹156,041 per 10 grams.
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Silver Prices: Silver crossed ₹3.35 lakh per kg, with Chennai and Hyderabad leading the charts.
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Global Trends: International gold prices broke the $5,000 per ounce barrier, while silver surged past $100 per ounce.
Drivers of Rally:
Rising geopolitical tensions and tariff uncertainty.
Strong inflows into gold ETFs and central bank buying.
Silver outperforming gold with 18% monthly gains in January.
Investor Sentiment: Despite minor profit-booking, demand remains strong as investors hedge against volatility.
Sources: Good Returns, GoldPriceIndia.com, Moneycontrol, The Economic Times