Gold Silver Rate Today, January 31, 2026: City-Wise Rates And MCX Prices In India

Gold Silver Rates Today, Jan 31, 2026: Gold and silver prices in India on January 31, 2026 continue to move in response to global market trends, currency fluctuations and domestic demand.

While gold prices have inched up marginally, silver has entered a consolidation phase after witnessing sharp volatility and record highs earlier this month. Precious metals remain crucial for both investment and jewellery demand, particularly during the festive and wedding seasons.

Gold Prices Edge Up on Global Demand

Gold prices in the Indian market showed a slight rise on Friday, supported by international cues and persistent inflationary concerns. As of today, 24-carat gold is priced at ₹16,026 per gram, while 22-carat gold is trading at ₹14,690 per gram. Price movements continue to be influenced by global bullion trends, the US dollar and domestic buying interest.

City-Wise Gold Prices Today (₹ per gram)

Delhi

• 24K: ₹16,041
• 22K: ₹14,705

Mumbai

• 24K: ₹16,026
• 22K: ₹14,690

Kolkata

• 24K: ₹16,026
• 22K: ₹14,690

Chennai

• 24K: ₹15,949
• 22K: ₹14,570

Silver Prices Consolidate After Record Rally

Silver prices in India have stabilised after a dramatic rally earlier in January. On January 31, 2026, physical silver is trading at around ₹3,35,000 per kilogram, while Silver 925 is priced close to ₹3,34,900 per kilogram. Recent price consolidation follows heavy profit booking and a stronger US dollar.

MCX Gold and Silver Rates Today

• MCX Silver Futures (March): ₹3,94,900 per kg
• MCX Gold Futures (February): ₹1,69,200 per 10 grams

Despite the recent correction, silver prices remain significantly higher on a weekly and monthly basis, reflecting strong speculative and industrial demand.

City-Wise Silver Prices Today

Delhi
10 grams: ₹3,949
100 grams: ₹39,490
1 kg: ₹3,94,900

Mumbai
10 grams: ₹3,950
100 grams: ₹39,500
1 kg: ₹3,95,000

Kolkata
10 grams: ₹3,950
100 grams: ₹39,500
1 kg: ₹3,95,000

Bengaluru
10 grams: ₹3,950
100 grams: ₹39,500
1 kg: ₹3,95,000

Chennai
10 grams: ₹4,050
100 grams: ₹40,500
1 kg: ₹4,05,000

Hyderabad
10 grams: ₹4,050
100 grams: ₹40,500
1 kg: ₹4,05,000

Outlook After a Volatile January

Silver prices have surged sharply over January, rising from ₹2,38,000 per kilogram at the beginning of the month to nearly ₹3,95,000 per kilogram by January 31. Analysts believe the market is now searching for direction after extreme speculative activity.

While short-term indicators suggest caution, long-term fundamentals such as industrial demand from renewable energy and electronics continue to support silver prices. Future movement is expected to depend on the US dollar, physical demand and trading activity on futures exchanges like the MCX.