Gold prices moved higher on January 2, supported by firm global cues and renewed safe-haven demand. Rates increased across major Indian cities, while silver prices continued to decline. International gold traded within a narrow range, indicating short-term stability.
Gold Gains Momentum as Investors Turn Cautious
New Delhi: With the start of the new year, gold prices have again seen a rise in the domestic market. On the morning of January 2nd, the price of 24-carat gold in the capital Delhi rose to ₹1,35,220 per 10 grams, while 22-carat gold reached ₹1,23,960 per 10 grams. In Mumbai, 24-carat gold was recorded at ₹1,35,070 and 22-carat gold at ₹1,23,810 per 10 grams.
Gold prices are also trading steadily higher in the international market. Spot gold prices remain around $4,310.89 per ounce. Market experts believe that international gold prices may remain range-bound in the short term, but investors' demand for safe havens will continue to support gold.
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Gold prices have appreciated by approximately 73.45 percent during 2025. Analysts say that gold prices remain bullish in 2026. Factors such as global uncertainty, interest rate expectations, and dollar fluctuations may further impact gold prices.
In Delhi, Jaipur, Lucknow, and Chandigarh, 24-carat gold is priced at ₹1,35,220 per 10 grams, and 22-carat gold is priced at ₹1,23,960 per 10 grams.
In Mumbai, Chennai, Kolkata, Hyderabad, Pune, and Bengaluru, 24-carat gold is priced at ₹1,35,070 and 22-carat gold is priced at ₹1,23,810 per 10 grams.
In Ahmedabad and Bhopal, the price of 24-carat gold was recorded at ₹1,35,120 and 22-carat gold at ₹1,23,860 per 10 grams.
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While gold prices have rebounded, silver prices continue to decline. On the morning of January 2nd, silver prices reached ₹2,37,900 per kilogram. However, on a year-to-date basis, silver has outperformed gold, gaining nearly 164 percent.
According to experts, strong industrial demand, safe-haven buying, and a decrease in global supply are the main reasons for silver prices. Furthermore, new controls imposed by China on silver exports are feared to impact global supply.
The domestic prices of both gold and silver are influenced by the international market, dollar movements, demand-supply, and policy decisions. At the same time, decisions of the Reserve Bank of India regarding banking holidays and policy announcements also impact market sentiment.
