Gold and silver prices saw a marginal decline in the domestic bullion market on Monday, January 19, 2026, after holding near record highs in recent sessions. According to market data, the price of 24-carat gold slipped by ₹10 to ₹1,43,770 per 10 grams, while silver fell by ₹100 to trade at ₹2,94,900 per kilogram .
The price of 22-carat gold also edged lower by ₹10 and was quoted at ₹1,31,790 per 10 grams. Despite the dip, gold prices continue to remain elevated, reflecting strong investor demand and sustained interest in safe-haven assets.
Across major cities, gold prices showed minor variations. In Mumbai and Kolkata, 24-carat gold was priced at ₹1,43,770 per 10 grams, while Delhi recorded a slightly higher rate of ₹1,43,920. Chennai continued to see higher prices, with gold trading at ₹1,44,860 per 10 grams. Silver prices also differed by location, with Chennai quoting silver at a higher ₹3,09,900 per kilogram, compared with ₹2,94,900 in most other markets .
Market experts said the slight correction comes after a strong rally in precious metals over the past few weeks. Gold and silver prices have surged recently due to global economic uncertainty, geopolitical tensions, and expectations around interest rate movements in major economies. These factors have increased the appeal of bullion as a hedge against inflation and financial market volatility.
Internationally, spot gold and silver prices are hovering close to their recent peaks, lending continued support to domestic prices.
Jewellery demand, investment buying, and safe-haven interest are expected to keep gold and silver prices supported in the coming weeks.
Analysts believe that while short-term fluctuations are likely, the broader outlook for precious metals remains firm due to sustained global demand and cautious investor sentiment.
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