Gold and Silver Rates Today, January 21:
Bullion prices continued their sharp rally on Tuesday, with gold crossing Rs 1.55 lakh per 10 grams and silver trading above Rs 3.25 lakh per kg, tracking strong global cues. The surge comes amid heightened safe-haven demand and a weaker US dollar, as geopolitical tensions escalated following US President Donald Trump’s renewed push on Greenland, raising fears of fresh trade friction between the US and Europe.
MCX futures update
In the futures market, MCX gold (February 5, 2026 contract) surged 3.53% to trade at Rs 1,55,886 per 10 grams, while MCX silver (March 5, 2026 contract) gained 0.69% to Rs 3,25,903 per kg during early trade.
Spot market prices in key cities
In the physical market, gold prices touched record levels across major Indian cities. In Mumbai, 24-carat gold stood at Rs 1,54,800 per 10 grams, while 22-carat gold was priced at Rs 1,41,900 per 10 grams. Silver also scaled a fresh all-time high of Rs 3,25,100 per kg in the spot market.
(Prices exclude GST and making charges.)
Gold rates today (per 10 grams)
| City | 22K Gold (Rs) | 24K Gold (Rs) |
|---|---|---|
| Delhi | 1,42,050 | 1,54,950 |
| Jaipur | 1,42,050 | 1,54,950 |
| Ahmedabad | 1,41,950 | 1,54,850 |
| Pune | 1,41,900 | 1,54,800 |
| Mumbai | 1,41,900 | 1,54,800 |
| Hyderabad | 1,41,900 | 1,54,800 |
| Chennai | 1,41,900 | 1,54,800 |
| Bengaluru | 1,41,900 | 1,54,800 |
| Kolkata | 1,41,900 | 1,54,800 |
Global cues driving bullion
Internationally, gold prices surged to record highs above $4,800 per ounce. Spot gold rose 1.2% to $4,821.26 per ounce, after touching an intraday peak of $4,843.67. US gold futures for February delivery climbed 1% to $4,813.50 per ounce.
Silver, however, saw some profit-taking overseas, with spot prices easing 1% to $93.59 per ounce, after hitting a record $95.87 in the previous session.
Commenting on the rally, Kyle Rodda, Senior Market Analyst at Capital.com, told Reuters, “It’s the loss of trust in the US caused by Trump’s moves to tariff European countries and increase coercion over Greenland. The move in gold reflects rising fears around global geopolitical tensions.”
With geopolitical uncertainty, currency volatility and safe-haven demand remaining elevated, bullion prices are likely to stay in focus in the coming sessions.
