Gold and silver prices saw significant gains in the past week across both futures markets and domestic retail rates. Despite a slight dip on the final trading day, the overall trend has been a sharp rise, reflecting strong investor interest and safe-haven demand. If you are thinking about buying gold or silver, it’s essential to check the latest city-wise rates before you make a purchase decision.
MCX Precious Metals Rally: Weekly Price Movement
On the Multi-Commodity Exchange (MCX), gold futures gained substantially over the last five trading sessions. The February gold contract jumped from around Rs 1,42,517 per 10 grams on January 16 to a close of Rs 1,55,963 per 10 grams last Friday, a weekly increase of Rs 13,446 even after a marginal Rs 74 drop on the final day.
Silver saw a similar trend. The March silver contract climbed from about Rs 2,87,762 per kilogram on January 16 and even approached a high of about Rs 3,39,927 per kilogram. Although it eased slightly from that peak, silver remains significantly higher than where it started the week.
However, despite the strong rally, both metals still trade below their lifetime highs, gold is just below its record peak, and silver, though elevated, has room before its previous top levels.
Why Gold and Silver Are Rising Now
Several factors are driving this momentum. Precious metals traditionally attract safe-haven buying when global economic uncertainty rises, and recent trends support strong price levels. Analysts also warn that currency movements, interest rate expectations, and global demand for silver in industrial sectors could keep prices elevated. Recent forecasts even suggest gold and silver could rise further by the end of 2026.
Gold Price in Major Indian Cities
Domestic gold prices have mirrored the MCX gains, with notable increases across major Indian cities. According to recent bullion rates:
Mumbai Gold and Silver Rate Today
Gold prices in Mumbai today stand at ₹16,026 per gram for 24-karat gold, ₹14,690 per gram for 22-karat gold, and ₹12,019 per gram for 18-karat (999) gold.
Silver prices in Mumbai today stand at ₹335 per gram and ₹3,35,000 per kilogram.
Kolkata Gold and Silver Rate Today
Gold prices in Kolkata today stand at ₹16,026 per gram for 24-karat gold, ₹14,690 per gram for 22-karat gold, and ₹12,019 per gram for 18-karat (999) gold.
Silver prices in Kolkata today are ₹335 per gram, translating to ₹3,35,000 per kilogram.
Chennai Gold and Silver Rate Today
Gold rates in Chennai today are ₹15,949 per gram for 24-karat gold, ₹14,750 per gram for 22-karat gold, and ₹12,300 per gram for 18-karat (999) gold.
Silver rates in Chennai today stand at ₹365 per gram, which comes to ₹3,65,000 per kilogram.
Bengaluru Gold and Silver Rate Today
Gold prices in Bengaluru today are ₹16,026 per gram for 24-karat gold, ₹14,690 per gram for 22-karat gold, and ₹12,019 per gram for 18-karat (999) gold.
Silver prices in Bengaluru today are ₹335 per gram, or ₹3,35,000 per kilogram.
Domestic Gold Rate Details
In the domestic market, 24-karat gold’s prices have climbed steeply in the past week. According to industry price lists, 24 karat gold is trading around recent highs, with lower purity gold (22, 20, 18 karat) priced proportionally below. Silver prices have also jumped, with kilo rates up significantly compared to a week ago, illustrating strong demand across markets.
Experts suggest potential buyers monitor both MCX futures and local retail rates as fluctuations continue, especially with global market drivers impacting precious metals. Given the recent rally, buyers should compare city-wise rates and consider timing purchases to avoid peak pricing.
