Silver rises by ₹35,815 this week, reaching ₹3.6 lakh:Gold jumps ₹12,717 to reach ₹1.54 lakh, check prices in your city

This week, both gold and silver prices moved up strongly. Gold increased by ₹12,717 to reach ₹1,54,310 per 10 grams. Last week, on Friday, January 16, it was priced at ₹1,41,593 per 10 grams.
Silver also saw a big rise. Its price went up from ₹2,81,890 per kg to ₹3,17,705 per kg, an increase of ₹35,815. In just 23 days this year, gold has become costlier by ₹21,115, while silver has risen by ₹81,285. 3 main reasons behind the rise in gold prices 1. Global Tensions and the Greenland Issue
US President Donald Trump’s push to acquire Greenland and his warning of tariffs on European countries have increased uncertainty in global markets. Whenever trade war risks grow, investors move their money out of stocks and turn to safer assets like gold, which pushes prices higher. 2. Rupee at a Record Low
Gold prices in India are affected by both international rates and the dollar-rupee exchange rate. The rupee has slipped to a record low of ₹91.10 per dollar. According to Jatin Trivedi from LKP Securities, the weak rupee has made imported gold much more expensive, which is why domestic prices have crossed ₹1.5 lakh per 10 grams. 3. Strong Buying by Central Banks
Central banks across the world, including the RBI, are adding more gold to strengthen their foreign exchange reserves. As per the World Gold Council, after record buying in 2025, central bank demand remains high in early 2026 as well. With limited supply and strong demand, prices continue to rise.
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Gold may reach ₹1.90 Lakh, silver could touch ₹4 lakh Research Head Dr. Renisha Chainani says that if US tariffs increase further and tensions in the Middle East grow, gold prices could climb to ₹1,90,000 per 10 grams in 2026. Silver, on the other hand, may rise up to ₹4 lakh per kg. 3 big reasons for the rise in silver prices 1. Rising Industrial Demand
Silver is now widely used in solar panels, electronics, and electric vehicles. It is no longer limited to jewellery and has become an important industrial material. 2. Fear of US Tariffs
Companies in the US are building large stockpiles of silver due to tariff concerns. This has reduced supply in the global market and pushed prices upward. 3. Advance Buying by Manufacturers
To avoid production disruptions, manufacturers are buying silver in advance. This rush to secure supply is keeping prices on an upward trend for the coming months. Prices soared in 2025 In 2025, gold prices rose by 75 percent, while silver jumped by 167 percent. Gold became costlier by ₹57,033 during the year. On December 31, 2024, 10 grams of 24-carat gold was priced at ₹76,162, which increased to ₹1,33,195 by December 31, 2025.