Gold Price in India and Silver Price in India: Complete Guide with Global Comparison

Gold and silver have always played a major role in India’s economy, culture, and investment habits. From weddings to long-term savings, these precious metals are deeply connected to daily life. In 2026, rising inflation, global uncertainty, and currency fluctuations have made people pay even closer attention to gold price in India and silver price in India.

This guide explains current pricing, real examples, international rates, and the key factors that influence precious metal prices, all in one place.

Gold Price in India: What You Need to Know

Gold prices in India are usually quoted per gram and vary slightly by city due to local taxes and demand.

Common Gold Purity Levels

• 24K Gold – Pure gold, mainly used for investment

• 22K Gold – Commonly used in jewelry

• 18K Gold – Used in designer and modern jewelry

Gold Prices in India (31 Jan 2026)

• 24 Carat (10 Grams): ₹1,55,090 – ₹1,60,580
• 22 Carat (10 Grams): ₹1,43,459 – ₹1,47,700
• 1 Gram 24K: ₹15,509 – ₹16,058
• 1 Gram 22K: ₹14,346 – ₹14,720 

These prices fluctuate daily based on market conditions.

Why Gold Prices Change in India

Several factors influence gold rates in India:

1. International Gold Prices
   Gold is traded globally in US dollars. When global prices rise, Indian prices usually increase as well.

2. USD to INR Exchange Rate
   A weaker Indian Rupee makes gold imports more expensive.

3. Import Duties and Taxes
   India imports most of its gold, so government duties directly affect prices.

4. Demand During Festivals and Weddings
   Higher demand often pushes prices upward.

Silver Price in India: Rising Interest in a Versatile Metal

Silver is gaining popularity in India not only as jewelry but also for industrial and investment purposes.

Example Silver Prices in India (Approximate)

• Silver price per kg: ₹3,50,000

• Silver price per gram: ₹350

Silver prices are more volatile than gold and often react faster to global economic changes.

What Drives Silver Prices in India

Silver pricing depends on:

• Industrial demand (electronics, solar panels)

• Global silver supply

• International market trends

• Inflation and economic uncertainty

Because silver has both industrial and investment value, its price movements can be sharper than gold.

International Gold and Silver Rates (Global Comparison)

Understanding global prices helps explain local fluctuations.

International Gold Price Example

• Gold price: $5,000 – $5,600 per ounce (USD)

International Silver Price Example

• Silver price: $85 – $117 per ounce (USD)

Since India imports these metals, international price movements directly impact domestic rates.

Gold vs Silver: Which Is Better for Investment?

Both metals serve different purposes.

Gold

• More stable

• Trusted hedge against inflation

• Preferred for long-term investment

Silver

• Lower entry cost

• Higher volatility

• Strong industrial demand

Many investors choose a balanced approach, holding both gold and silver.

Best Ways to Buy Gold and Silver in India

1. Physical Form

   • Jewelry

   • Coins and bars

2. Digital Gold

   • Buy small quantities online

   • No storage worries

3. ETFs and Mutual Funds

   • Linked to market prices

   • Easy to buy and sell

Each method has different costs and benefits.

Should You Track Prices Daily?

For investors and buyers, yes.

Tracking daily gold and silver prices helps you:

• Buy at better rates

• Avoid overpaying

• Understand market trends

Even casual buyers benefit from knowing whether prices are rising or falling.

Final Thoughts

Gold price in India and silver price in India are influenced by a mix of global markets, local demand, currency movements, and economic conditions. Whether you’re buying jewelry, investing for the future, or simply staying informed, understanding these prices helps you make smarter decisions.

In uncertain times, gold and silver continue to act as trusted stores of value, both in India and worldwide.