Gold prices edged up slightly in early trade, while silver prices witnessed a small decline, reflecting mixed trends in the precious metals market at the start of the New Year. According to market data, the price of 10 grams of 24-carat gold rose by ₹10 to ₹1,35,070, indicating steady demand despite cautious investor sentiment. At the same time, silver prices slipped by ₹100 to ₹2,37,900 per kilogram, suggesting mild profit-taking after recent gains.
The price of 22-carat gold, commonly used for jewellery, also moved up by ₹10 and was trading at ₹1,23,810 per 10 grams. Gold prices varied slightly across major Indian cities. In Mumbai and Kolkata, 24-carat gold was quoted at around ₹1,35,070 per 10 grams, while Delhi saw prices close to ₹1,35,220. Chennai continued to report higher rates, with gold trading at approximately ₹1,36,130 per 10 grams.
Market experts said the modest rise in gold prices points to stability after recent declines, as investors continue to view the metal as a safe-haven asset amid global economic uncertainty. Gold had recently touched a two-week low before recovering marginally, supported by steady demand and cautious positioning in international markets.
Silver, on the other hand, saw a slight dip as traders booked profits following strong performance in the previous year. The metal had surged sharply in 2025 and touched record highs, leading to periodic corrections in prices.
Overall, precious metal prices opened the year on a measured note, with gold showing resilience and silver undergoing minor adjustments. Analysts expect prices to remain sensitive to global cues, including currency movements, inflation trends, and interest rate signals, which are likely to guide investor sentiment in the days ahead.
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