The upward trend in gold and silver prices continued on January 21, 2026. After a tremendous surge in 2025, gold and silver are once again outperforming many stocks in the stock market in terms of returns in the new year 2026. Investors who invested in these precious metals a year ago have now reaped significant profits.
However, while the continuous rise in prices is good news for investors, it is a growing concern for ordinary consumers and bullion traders. According to market experts, the increasing geopolitical tension surrounding Greenland is considered a major reason behind this surge in gold and silver prices.
Silver surges, and gold also reaches new highs.
The upward trend in silver prices continues unabated. In the last two trading sessions, silver has become approximately ₹32,187 per kilogram more expensive. On the last trading day of the previous week, the futures price of one kilogram of silver closed at ₹2,87,762, while on Tuesday, as trading began on the Multi-Commodity Exchange (MCX), silver reached a new all-time high of ₹3,19,949 per kilogram. At the time of writing, silver was trading with a gain of approximately ₹7,000 on the MCX.
Meanwhile, there are no signs of a halt in the rise of gold prices either. On the MCX, the gold rate jumped by approximately ₹2,500 at the start of trading. Considering the increase in gold prices over the two trading days, 24-karat gold (10 grams) with a February 5 expiry has become a total of ₹5,479 more expensive. Notably, gold closed at ₹1,42,517 per 10 grams last Friday. Gold prices crossed the $4,800 mark for the first time, registering a 1.7 percent increase.
Rising Gold and Silver Prices Put Pressure on the Bullion Market
The rapid surge in gold and silver prices is making these precious metals increasingly unaffordable for ordinary people. Consumers, already grappling with high inflation, are now hesitant to buy jewelry. Many families have altered their plans to buy gold and silver due to the rising prices. This has led to growing concerns among bullion traders. Business owners fear that purchases during the wedding season this year may be weaker than in previous years, which will directly impact jewelry sales.
Latest Prices in Delhi
In the capital city of Delhi, 24-karat gold has reached ₹149,920 per 10 grams. Meanwhile, 22-karat gold is priced at ₹137,460 per 10 grams, and 18-karat gold is selling at ₹112,480 per 10 grams. Silver has also become more expensive, with the price of one kilogram rising to ₹320,100.
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