Gold, Silver Rates Today LIVE: MCX gold price extends gains, rises to ₹1.58 lk; Silver rises over ₹3.35 lk per kg

Gold, Silver Rates Today LIVE: Multi-Commodity Exchange (MCX) data shows that the gold prices were trading 0.96% or ₹1,440 per 10 grams higher at ₹152,005 per 10 grams, as of 11:14 p.m. (IST), compared to ₹150,565 per 10 grams on the futures commodity market.

However, silver prices dropped 2.11% or ₹6,827/kg during Wednesday’s commodity market session to ₹316,845/kg, compared to ₹323,672/kg at the previous trading close, according to MCX data.

Gold, Silver Rates Today LIVE: Multi-Commodity Exchange (MCX) data shows that the gold prices were trading 2.58% or ₹3,892 per 10 grams higher at ₹154,457 per 10 grams, as of 9:33 p.m. (IST), compared to ₹150,565 per 10 grams on the futures commodity market.

However, silver prices dropped 0.93% or ₹3,007/kg during Wednesday’s commodity market session to ₹320,665/kg, compared to ₹323,672/kg at the previous trading close, according to MCX data.

Gold futures on MCX for February rose to a fresh record of ₹1,58,339 per 10 grams, up from ₹1,50,565, marking a third straight session of gains.

Silver March futures also surged, hitting a historic high of ₹3,35,521 per kilogram, up ₹11,850 in today’s session, taking month-to-date returns to 42% or around ₹98,000.

The dollar index slipped to around 98.5 on Wednesday, falling for a third consecutive session, as heightened tensions between the US and Europe over President Donald Trump’s escalating threats regarding Greenland weighed on confidence in American assets.

A weaker dollar makes greenback-priced metals more affordable for overseas buyers.

Ponmudi R, CEO of Enrich Money, said, “MCX Gold continues to mirror global strength, further supported by persistent weakness in the rupee, which has slipped past the psychological 91-per-dollar mark and is now trading around the 91.15–91.25 zone. The rising channel remains firmly intact, with the ₹1,49,300– ₹1,50,300 zone acting as strong dynamic support. Dips are consistently being absorbed, reinforcing the dominance of buyers. A sustained breakout above ₹1,58,000– ₹1,59,000 can unlock the next leg toward ₹1,62,000– ₹1,65,000. The broader trend remains strongly bullish, with momentum firmly in favour of higher levels.”

Gold prices have extended their record-breaking run into early 2026, with prices hitting new highs each day as investors continue to favor safe-haven assets amid escalating trade and geopolitical tensions.

Over the last 15 trading sessions, gold prices on MCX have gained ₹22,892 per 10 grams, reaching ₹1,58,339.

The yellow metal, widely regarded as the safest investment, has been drawing support from all market participants, including investment firms, central banks, and retail investors, keeping its bull run intact.

For centuries, gold has earned a reputation as a reliable safe-haven asset, with its inherent ability to retain or even appreciate in value, making it an attractive option for investors seeking stability amid market volatility.

Consequently, investors often turn to gold as a reliable investment during periods of uncertainty—a scenario currently heightened as the US has reopened its tariff playbook, once again announcing tariffs on European nations tied to Greenland.

In the international market, gold prices hit a new record, soaring past $4,800 per troy ounce, as President Trump’s push to take over Greenland rattled global markets and boosted demand for safe-haven assets.

Investors appeared concerned about the tariff threats by US President Donald Trump on European countries related to Greenland, as the measures could escalate, with European states reportedly discussing counter-tariffs and broader punitive economic actions in response to Trump’s announcements.

Gold premiums in India surged past $100 an ounce on Wednesday for the first time in more than a decade, while silver premiums hit a record high, as traders priced in possible curbs on precious metals imports to help shore up the rupee, Reuters reported.

Bullion dealers charged a premium of up to $112 per ounce over official domestic gold prices — inclusive of a 6% import duty and 3% sales levy — the highest level since May 2014.

Just last week, dealers were offering discounts of up to $12 per ounce. Meanwhile, silver premiums jumped to $8 per ounce, surpassing the previous peak of $5 recorded in October, according to the report.

February gold futures on MCX opened higher in today’s session at ₹1,51,575 per 10 grams, up from the previous close of ₹1,50,565, and went on to hit a new record high of ₹1,58,339 ( ₹7,774 higher), crossing ₹1.58 lakh for the first time and extending the winning run to a third consecutive session.

Ponmudi R, CEO of Enrich Money, said, “MCX Silver continues to outperform with a powerful breakout and strong follow-through buying. The rising channel remains very steep, with the 20-day EMA near ₹3,17,000 acting as reliable dynamic support. Sustained trade above ₹3,26,000 keeps momentum decisively bullish.”

“Immediate upside targets are placed at ₹3,30,000– ₹3,32,000, with scope to extend toward ₹3,35,000– ₹3,50,000 over the coming months. Any dip toward ₹3,15,000– ₹3,13,000 should be viewed as a high-conviction accumulation opportunity,” Ponmudi further added.

After rallying ₹13,397 per kilogram in Tuesday’s session, the silver March delivery futures contracts strengthened further in Wednesday’s trade, January 21, spiking another ₹11,850 to register a historic peak of ₹3,35,521, and taking the month-to-date returns to 42% or ₹98,000.

Jateen Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities, said, “Gold traded exceptionally strong, surging by nearly ₹7,000 to ₹1,57,500, extending its sharp rally, with prices gaining over ₹15,000 in just three sessions and already up nearly 15% in January 2026. Escalating geopolitical tensions across multiple fronts—involving the US, Greenland, Europe, and the Russia–Ukraine conflict—have intensified the rush toward safe-haven assets, making bullion the preferred hedge against uncertainty and dollar volatility. The risk environment continues to favor gold, with key support placed near ₹145,000 and extended resistance seen around ₹161,000.”

Gold, Silver Rates Today LIVE: “With gold at record highs, we’re seeing a clear rise in investor participation through both lump-sum investments and SIPs in gold ETFs, with this week seeing the highest number of users transacting in gold on our platform.

Alongside this, many investors are allocating a portion to silver ETFs as part of a broader precious-metals exposure, given its recent performance. This trend reflects growing comfort with regulated products and the ease and security they offer compared to unregulated alternatives like digital gold.

Although SGBs have delivered strong outcomes for long-term investors in the past, they have been fiscally challenging for the government to maintain. From an investor standpoint, SEBI-regulated gold ETFs offer a reliable way to participate in gold,” said Saurabh Jain, Co-founder & CEO, Stable Money.

Gold, Silver Rates Today LIVE: According to Mangesh Chauhan, MD, Sky gold and diamonds, short-term volatility is possible as markets digest macro signals, the foundational drivers — geopolitical risk, currency dynamics, central bank buying, ETF inflows and other supply-demand imbalances — suggest that precious metals will remain well supported through 2026.

“We view current levels as part of a broader secular trend rather than an isolated spike, with range-bound consolidation likely before further upside,” said Chauhan.

Gold, Silver Rates Today LIVE: According to Mangesh Chauhan, MD, Sky gold and diamonds, the sustained strength in gold prices is not random — it reflects deep structural shifts in global financial markets. Elevated geopolitical tensions and economic policy uncertainty are driving safe-haven demand, while a softer US Dollar Index (DXY) due to majority of Central Banks shifting away from Dollar denominated bonds, expectation of higher printing of currencies by USA leading to inflationary risk and expectations of accommodative monetary policy are removing traditional headwinds to bullion prices.

Gold, Silver Rates Today LIVE: In the international market, gold futures on the Comex breached the USD 4,800-per-ounce level for the first time. The yellow metal for February delivery appreciated by USD 113.4, or 2.4%, to USD 4,880.9 per ounce.

Comex silver futures for the March contract were trading 0.17% higher at USD 94.79 per ounce, after hitting a record of USD 95.53 per ounce in the previous session.

Gold, Silver Rates Today LIVE: According to a Reuters report, Nicholas Frappell, the global head of institutional markets at ABC Refinery, believes that surpassing $4,800 only strengthens the notion that investors are reluctant to sell gold until it reaches $5,000. This situation is driven by a mix of factors traditionally favourable to gold: increasing debt levels, a declining dollar, and geopolitical instability.

Gold, Silver Rates Today LIVE: Silver stands out due to its dual-demand profile, offering both monetary protection and robust industrial usage. Demand from solar panels, electric vehicles, data centres, and broader electrification trends now accounts for more than half of total consumption.

Persistent supply deficits — driven by subdued mine output and limited recycling — continue to highlight market tightness. This structural backdrop positions silver to potentially outperform gold during growth phases, while still serving as an effective hedge during periods of economic or financial stress.

Gold, Silver Rates Today LIVE:According to Ponmudi R, CEO of Enrich Money, COMEX Gold is trading near the $4,840 zone after marking a fresh lifetime high at $4,849 earlier today.

The trend remains firmly bullish, with prices holding comfortably above the rising channel and the 20-day EMA near $4,769. The breakout above the earlier resistance zone confirms the strength of the ongoing bull phase.

“A sustained move above $4,900 can quickly propel prices toward $5,000–$5,050 in the near term. Any minor pullbacks continue to attract aggressive buying interest. Safe-haven flows, central bank accumulation, geopolitical risks, and expectations of accommodative monetary conditions continue to provide a powerful structural tailwind,” said Ponmudi.

Gold, Silver Rates Today LIVE: Rising global geopolitical tensions, financial strains, and a declining US dollar have enhanced the attractiveness of gold and silver as safe-haven investments due to concerns over currency debasement.

Furthermore, central banks have significantly increased their gold purchases since 2022, with many reserve managers intending to further expand these acquisitions. The anticipation of relaxed monetary policies and reduced interest rates, particularly from the US Federal Reserve, has also bolstered bullion prices. Generally, bullion prices thrive in an environment of low interest rates.

Gold, Silver Rates Today LIVE: Akshat Garg, Head – Research & Product of Choice Wealth advises new investors to consider taking positions in Silver ETFs as part of building a diversified multi-asset portfolio, capitalizing on the metal’s robust structural drivers.

“Existing Silver ETF holders should avoid exiting at current levels, as the supportive forces remain intact. Gold and silver are very important for investors due to central bank accumulation, monetary easing tailwinds, and silver’s surging industrial demand,” said Garg.

Gold, Silver Rates Today LIVE: According to a Reuters report, Daan Struyven, co-head of commodities research at Goldman Sachs Group Inc., stated during a media briefing on Wednesday that “Gold remains our highest conviction.” He pointed out ongoing acquisitions by central banks and reaffirmed Goldman’s baseline scenario that predicts gold will reach $4,900 per ounce, with potential for higher gains if diversification in the private sector expands.

Gold, Silver Rates Today LIVE: As reported by Reuters, gold is likely to receive additional backing from the world’s largest known buyer, the National Bank of Poland. The central bank has greenlit plans to acquire an extra 150 tons, while Bolivia’s central bank has restarted its purchases for foreign reserves following new regulations implemented in December 2025.

Gold, Silver Rates Today LIVE: According to Harshal Dasani, Business Head, INVasset PMS, silver’s rally has been even more dramatic, with prices touching record highs near $95 an ounce, supported by both investment flows and industrial demand. Unlike gold, silver’s fundamentals are tightening rapidly.

Global supply has now fallen short of demand for the fifth consecutive year, while usage from solar panels, electric vehicles and electronics continues to rise. Silver prices have risen over 25% so far this year, following strong gains in 2025.

Gold, Silver Rates Today LIVE: According to Harshal Dasani, Business Head, INVasset PMS, gold and silver have entered 2026 on an extraordinary footing, reflecting a sharp shift in global risk appetite and investor behaviour.

Spot gold recently surged past $4,800 an ounce, marking a historic milestone as geopolitical tensions, currency volatility and slowing global growth revived demand for hard assets. Central banks have remained consistent buyers, extending a trend that has seen official sector purchases stay above 1,000 tonnes annually for the third straight year, according to global bullion data.

Gold, Silver Rates Today LIVE: Ajay Kedia believes the trend for MCX silver price today remains negative. Silver price may face resistance at ₹3,28,000 per kg level, while support is seen at ₹3,05,650 level.

Gold, Silver Rates Today LIVE: The trend for MCX gold price today remains positive. According to Ajay Kedia, Director, Kedia Advisory, MCX gold price may face resistance at ₹1,57,300 per 10 grams level, while support is seen at ₹1,52,500 level.

Gold, Silver Rates Today LIVE: According to Ponmudi R, CEO of Enrich Money, MCX Gold continues to mirror global strength, further supported by persistent weakness in the rupee, which has slipped past the psychological 91-per-dollar mark and is now trading around the 91.15–91.25 zone.

The rising channel remains firmly intact, with the ₹1,49,300– ₹1,50,300 zone acting as strong dynamic support. Dips are consistently being absorbed, reinforcing the dominance of buyers. A sustained breakout above ₹1,58,000– ₹1,59,000 can unlock the next leg toward ₹1,62,000– ₹1,65,000. The broader trend remains strongly bullish, with momentum firmly in favour of higher levels.

Gold, Silver Rates Today LIVE: According to Ponmudi R, CEO of Enrich Money, MCX Silver continues to outperform with a powerful breakout and strong follow-through buying. The rising channel remains very steep, with the 20-day EMA near ₹3,17,000 acting as reliable dynamic support. Sustained trade above ₹3,26,000 keeps momentum decisively bullish.

“Immediate upside targets are placed at ₹3,30,000– ₹3,32,000, with scope to extend toward ₹3,35,000– ₹3,50,000 over the coming months. Any dip toward ₹3,15,000– ₹3,13,000 should be viewed as a high-conviction accumulation opportunity,” said Ponmudi.

According to the brokerage, gold has gained more than 65% last year and is already up more than 10% since the start of this year. Gold and Silver prices continued to hit new record high amid weak dollar and risk aversion in the global markets.

Further, demand for safe haven increased as the standoff between US and Europe over control of Greenland’s show no signs of de-escalation. Further, concerns over bulging deficits due to expansionary fiscal policies may support gold prices.

Gold, Silver Rates Today LIVE: According to Rahul Kalantri, VP Commodities, Mehta Equities ltd, gold and silver prices extended their rally to fresh record highs, driven by heightened global uncertainty amid escalating trade war tensions.

Further, Kalantri explained that additional support came after the U.S. Supreme Court deferred its ruling on the legality of Trump-era tariffs. Sharp sell-offs in global equity markets, triggered by renewed geopolitical concerns including U.S. ambitions toward Greenland, prompted investors to shift toward safe-haven assets.

Gold, Silver Rates Today LIVE: Rahul Kalantri, VP Commodities, Mehta Equities ltd, said that gold has support at $4695-4625 while resistance at $4820-4860. Silver has support at $92.10-89.75 while resistance is at $95.95-97.40. In INR gold has support at ₹1,49,050-1,47,310 while resistance at ₹1,51,950-1,54,470. Silver has support at ₹3,05,810, 2,92,170 while resistance at ₹3,30,810, 3,35,470.

Gold, Silver Rates Today LIVE: MCX silver price opened at ₹322,566 per 1 kg on Wednesday, as against ₹323,672 in the previous session. The white metal touched a fresh record high of ₹326487 per 1 kg today.

Gold, Silver Rates Today LIVE: MCX gold price opened at ₹151,575 per 10 grams on Wednesday, as against ₹150,565 in the previous session. The yellow metal touched a fresh record high of ₹153,831 per 10 grams today.

Gold, Silver Rates Today LIVE: Kyle Rodda, a senior market analyst at Capital.com, stated in a report by Reuters that the erosion of trust in the U.S. stems from Trump’s recent actions over the weekend regarding tariffs on European nations and his increasing pressure to acquire Greenland. The movement in gold prices indicates concerns over global geopolitical tensions.

On Tuesday, Trump declared that there was “no turning back” on his ambition to acquire Greenland, not dismissing the possibility of using force to secure the Arctic island while criticising NATO partners.

Gold, Silver Rates Today LIVE: Heightened rhetoric at the World Economic Forum in Davos highlighted the rapid deterioration in relations between traditional allies, the US and Europe, unnerving investors. The uncertainty weighed on the dollar and reinforced demand for safe-haven assets such as precious metals.

Gold, Silver Rates Today LIVE: MCX silver price in India ended 4.17% higher at ₹3,23,200 per kg, after hitting a new high of ₹3,27,998 level.

Gold, Silver Rates Today LIVE: In the domestic market, MCX gold rate also scaled a new peak in the previous session. MCX gold price jumped 3.38% to ₹1,50,560 per 10 grams on Tuesday, crossing above the ₹1.5 lakh mark for the first time. MCX gold rate hit a new high of ₹1,52,500 level during the session.

Gold, Silver Rates Today LIVE: Spot gold price surged past the psychological milestone of $4,800 an ounce for the first time, as safe-haven demand kept bullion a favored asset. Silver prices also advanced 0.3% to $94.89 an ounce.

Gold, Silver Rates Today LIVE: Gold and silver prices hovered near record highs on Wednesday, buoyed by strong safe-haven demand amid a weakening US dollar and escalating tensions over the Greenland crisis. Additional support came from the meltdown in the Japanese government bonds.