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Gold and silver prices witnessed a decline on the first day of the new year, January 1. In Delhi, 24-carat gold slipped to ₹1,35,030 per 10 grams, while silver fell to ₹2,38,900 per kg. Weak global cues and profit booking impacted prices.
Gold Becomes Cheaper on January 1, Silver Also Slides in Domestic Market
New Delhi: The bullion market witnessed a decline on the very first day of the new year 2026. Prices of both gold and silver have fallen. The prices of precious metals have slipped in the domestic market as well as internationally. This news is significant for those who were planning to invest in or buy gold and silver on the new year.
In the capital city of Delhi, the price of 24-karat gold fell to ₹1,35,030 per 10 grams on the morning of January 1st. The price of 22-karat gold was recorded at ₹1,23,790 per 10 grams. In Mumbai, 24-karat gold is selling at ₹1,34,880 and 22-karat gold at ₹1,23,640 per 10 grams.
Similar rates are being observed in Chennai, Kolkata, and Hyderabad. In these cities, the price of 24-karat gold is ₹1,34,880 and 22-karat gold is ₹1,23,640 per 10 grams.
In Ahmedabad and Bhopal, 24-karat gold is priced at ₹1,34,930 and 22-karat gold at ₹1,23,690 per 10 grams. In Jaipur, Lucknow, and Chandigarh, the price of 24-karat gold is ₹1,35,030 and 22-karat gold is ₹1,23,790 per 10 grams. Pune and Bengaluru are also seeing similar rates as Mumbai.
In the international market, the spot price of gold has fallen to $4,308.30 per ounce. According to experts, domestic gold prices are directly affected by global signals, as well as the movement of the dollar, interest rates, and investor sentiment.
Although prices fell today, gold recorded a strong gain of approximately 73.45 percent during 2025. Market experts believe that the possibility of a long-term upward trend in gold prices remains intact in 2026.
Along with gold, silver prices have also declined. On the morning of January 1st, the price of silver fell to ₹2,38,900 per kilogram. In the international market, silver reached $71.67 per ounce. However, on an annual basis, silver outperformed gold, registering a gain of approximately 164 percent, which is attributed to strong industrial demand and a shortage in global supply.
