Gold and silver prices have reached new record levels today, January 12, 2026. Both metals are seeing big jumps because people are buying them as safe investments during uncertain times around the world.
What’s Happening Globally
On the world market, gold is now trading above $4,560 to $4,570 per ounce, hitting fresh all-time highs. Silver has climbed strongly too, reaching around $83 to $84 per ounce in recent sessions. These rises come from worries about global issues, possible lower interest rates from central banks, and strong buying by big institutions. Silver gets extra boost because it’s used a lot in industries like solar power, electronics, and green tech.
Prices in India Right Now
In India, prices follow the global trend but also depend on the rupee’s value, taxes, and local demand (especially for jewelry during weddings and festivals). Here’s the latest:
24-karat gold (purest form): Around ₹1,40,000 to ₹1,41,600 per 10 grams (some spots even higher like ₹1,41,250 or more on exchanges).
22-karat gold (most common for jewelry): About ₹1,28,000 to ₹1,29,800 per 10 grams.
Silver: Trading at roughly ₹2,59,000 to ₹2,63,000 per kilogram (that’s over ₹260 per gram in many places), with peaks near record levels on MCX.
In cities like Mumbai, Delhi, Chennai, and others, you might see slight differences due to local taxes or jeweler charges. For example, in Chennai, gold was noted around ₹1,39,400 for some rates, while silver hit ₹2,52,000+. Always check live rates from trusted sources like MCX, banks, or apps because they change fast.
These shiny gold bars show why many people see gold as a strong way to protect money.
Why Are Prices Going Up So Much?
A few key reasons:
Safe-haven buying: When news brings tension (like geopolitical risks or economic worries), investors rush to gold and silver instead of stocks or cash.
Lower rate expectations: If big banks cut interest rates, holding metals becomes more attractive since they don’t pay interest like bonds.
Silver’s extra demand: Besides investment, factories need silver for clean energy products and tech gadgets, and supply is tight.
Rupee factor: A weaker rupee makes imported metals cost more in India.
Last year (2025) was amazing for these metals—gold rose a lot, and silver even more. Many experts think 2026 could keep the upward trend, with some saying gold might aim for $5,000+ later.
Stack of Shiny Silver Bars Ingots and Coins . 3D Render
Stacks of silver ingots like these highlight its growing role in industry and as an investment.
Price charts often show the strong upward move in recent times.
What Should You Do?
If you’re planning to buy jewelry, coins, or bars, these high prices make it costly right now. But many view gold and silver as good long-term holds for protection against inflation or market dips. In India, they’re also part of traditions—like gifting during festivals.
For the most accurate rates in your city (like in Uttar Pradesh or nearby areas), check daily from reliable places. Prices move quickly, so stay updated!
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