Gold Price Today: Gold and Silver Prices Fall on New Year's Day: Check January 1st Rates

On the first day of the new year, January 1, 2026, the Indian bullion market observed a notable decline in the prices of both gold and silver. This dip comes after a remarkable performance in the preceding year, 2025, during which gold prices strengthened by an impressive 73. 45 percent. Market analysts and experts anticipate further acceleration in gold prices throughout 2026, solidifying its position as an attractive investment option. Silver, too, showcased an exceptional annual performance, outperforming gold with an approximate 164 percent strengthening. The prices of gold and silver within the country are Notably influenced by a combination of both domestic and global factors, leading to daily fluctuations in their market values.

Gold Prices in Delhi

In the national capital, Delhi, the morning of January 1, 2026, saw a decline in the price of 24-carat gold, while it has now slipped to ₹135030 per 10 grams. This reduction was recorded on the first trading day of the. New year, signaling a significant trend for the Delhi bullion market. This price point is crucial for both investors and consumers as they strategize their buying and selling activities. For 22-carat gold, which is predominantly used for crafting jewelry, the price in Delhi stands at ₹123790 per 10 grams. This rate is particularly relevant for jewelry buyers, potentially offering some relief to those planning purchases. It serves as a key indicator for consumers looking to acquire ornaments during the new year festivities.

Mumbai's Gold Market Overview

Mumbai, recognized as India's financial capital, also experienced a downturn in gold prices. On January 1st, the price of 24-carat gold in Mumbai was recorded at ₹134880 per 10 grams. As one of the largest bullion markets in the country, Mumbai's prices frequently. Reflect national trends, and this current rate indicates a slight dip across the board. Simultaneously, the 22-carat gold rate in Mumbai is ₹123640 per 10 grams. This specific price point is vital for the city's vibrant jewelry industry and its extensive consumer base, which regularly engages in gold transactions, while it acts as a significant benchmark for the local market.

Gold Rates in Chennai and Kolkata

Chennai, a prominent market in South India renowned for its high demand for gold, particularly during festivals and auspicious occasions, sees 24-carat gold priced at ₹134880 per 10 grams. This rate is closely monitored by traditional gold buyers and investors in the region. Correspondingly, the 22-carat gold in Chennai is available at ₹123640 per 10 grams. This rate is especially relevant for local jewelry manufacturers and retailers, influencing the cost and selling price of ornaments in the southern states. In Kolkata, the 24-carat gold price is also ₹134880 per 10 grams. The eastern Indian market, with its rich history of gold consumption, reflects similar pricing trends, indicating a widespread impact of the price decline. For 22-carat gold in Kolkata, the price is ₹123640 per 10 grams. This price influences the local jewelry trade and consumer purchasing decisions within the city's esteemed gold markets.

Pune and Bengaluru Gold Prices

Pune, a significant city in Maharashtra, has its 24-carat gold price set at ₹134880 per 10 grams. The market here mirrors the broader national trend of a slight decrease on the first day of the year, suggesting a consistent pattern across major urban centers. The 22-carat gold price in Pune is ₹123640 per 10 grams. This rate is important for local consumers and jewelers, who adjust their investment or jewelry purchase plans based on these prevailing prices. Bengaluru, the capital of Karnataka, shows the 24-carat gold price at ₹134880 per 10 grams. The tech hub's gold market also aligns with the general decline observed across major Indian cities, reflecting a uniform market sentiment. For 22-carat gold in Bengaluru, the price is ₹123640 per 10 grams. This rate is a key indicator for the city's diverse population, including those who purchase gold for investment or cultural purposes, blending technology with traditional values.

Ahmedabad and Bhopal Gold Market

Ahmedabad, a major commercial center in Gujarat, records the price of 24-carat gold at ₹134930 per 10 grams. The slight variation from other cities highlights regional market dynamics and local demand-supply conditions. The 22-carat gold rate in Ahmedabad is ₹123690 per 10 grams. This price is crucial for the local jewelry industry and consumers in the state, where gold buying holds significant cultural and investment value. Bhopal, the capital of Madhya Pradesh, also sees 24-carat gold priced at ₹134930 per 10 grams. The market here reflects similar trends to Ahmedabad, indicating a consistent pattern across central Indian markets. For 22-carat gold in Bhopal, the price is ₹123690 per 10 grams. This rate is significant for the city's gold buyers and sellers, who make their purchasing decisions based on these current market values.

Gold Rates in Hyderabad, Jaipur, Lucknow, and Chandigarh

Hyderabad, the capital of Telangana, has its 24-carat gold price at ₹134880 per 10 grams. The city's gold market, known for its significant volume and traditional demand, also shows a similar decline on New Year's Day. The 22-carat gold price in Hyderabad is ₹123640 per 10 grams. This rate is a key reference for the southern Indian gold market, which is characterized by substantial consumer interest and investment in precious metals. Jaipur, the capital of Rajasthan, records 24-carat gold at ₹135030 per 10 grams. The city's gold market, influenced by traditional demand and cultural practices, also experienced a dip, affecting local traders and consumers. For 22-carat gold in Jaipur, the price is ₹123790 per 10 grams.

This rate is important for the local jewelry market, especially given the strong demand for traditional Rajasthani ornaments. Lucknow, the capital of Uttar Pradesh, shows 24-carat gold priced at ₹135030 per 10 grams. The northern Indian market also reflects the general trend of price reduction, impacting regional buying patterns. The 22-carat gold price in Lucknow is ₹123790 per 10 grams. This rate is significant for the city's consumers, who adjust their purchasing plans according to the prevailing market conditions.

Chandigarh, the joint capital of Punjab and Haryana, has its 24-carat gold price at ₹135030 per 10 grams. The market here also experienced a decline, influencing the precious metals trade in the region. For 22-carat gold in Chandigarh, the price is ₹123790 per 10 grams. This rate is crucial for local consumers and jewelers, as gold purchases represent both significant investment and cultural practice.

International Gold Market Performance

In the international market, the spot price of gold is currently at $4,308. 30 per ounce. Global factors such as geopolitical tensions, monetary policies adopted by central banks, inflation expectations,. And the strength or weakness of the US dollar Notably influence international gold prices. These global trends have a direct impact on the Indian domestic market, given India's status as a major gold importer.

Annual Performance and Future Outlook for Gold

Gold prices strengthened by an impressive 73, while 45 percent during the year 2025. This substantial increase underscores gold's enduring role as a safe-haven asset, particularly amidst periods of economic uncertainty and market volatility. Investors sought gold as a hedge against inflation and geopolitical risks. Further acceleration in gold prices is anticipated in 2026. This expectation is driven by ongoing global economic shifts, potential inflationary pressures, and consistent gold purchases by central banks worldwide, which collectively tend to boost investor interest in precious metals. This trend firmly establishes gold as a stable and valuable asset in uncertain times.

Silver Prices Decline and Annual Performance

In foreign markets, the spot price of silver has reached $71. 67 per ounce. International movements in silver prices often dictate the trends seen in the Indian market, as global supply and demand dynamics directly influence local pricing. Silver prices also experienced a decline on the morning of January 1st, settling at ₹238900 per kilogram in the domestic market. This dip affects both industrial buyers and individual investors, as silver's demand is substantial across various industrial applications. On an annual basis, silver has Importantly outperformed gold, strengthening by approximately 164 percent. This remarkable growth highlights the strong demand for silver and its versatile applications, making it an increasingly attractive option for investors.

Key Drivers Behind Silver's Strength

Strong industrial demand is a primary factor contributing to the surge in silver prices. Silver is a critical component in numerous high-tech industries, including solar panels, electronics, and medical devices, as well as in electric vehicles. The increasing demand from these sectors consistently pushes its prices higher. Safe-haven buying also plays a crucial role in pushing silver prices higher. During periods of economic uncertainty, inflation fears, or market instability, investors often turn to silver as a secure store of value, similar to gold, thereby increasing its demand. A continuous shortage in global supply is another significant reason for the upward trend in silver prices. Factors such as reduced mining output, disruptions in the supply chain, or geopolitical tensions can lead to scarcity, which in turn drives up its market value due to limited availability.

Impact of Domestic and Global Factors on Precious Metals

The prices of both gold and silver within the country are influenced by a complex interplay of domestic and global factors, while domestic elements such as the rupee-dollar exchange rate, local demand patterns (especially during festive and wedding seasons), government policies, and import duties play a critical role. A weaker rupee can make gold imports more expensive, while strong local demand can push prices higher. Globally, factors like international gold and silver prices, geopolitical events (such as wars or trade disputes), interest rate decisions by central banks, and overall global economic growth directly affect the Indian market. For instance, an increase in interest rates by the US Federal Reserve can strengthen the dollar, potentially leading to a fall in international gold prices, which would then impact India. The intricate interaction of all these elements results in the daily fluctuations observed. In precious metal prices, requiring investors and consumers to continuously monitor market developments.