02 January,2026 09:45 AM IST | Mumbai | mid-day online correspondent
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Gold prices inched higher in early trade on Friday, while silver witnessed a marginal decline across major Indian markets, reflecting mixed cues in the bullion segment amid steady demand and global price movements.
According to market data, the price of 24-carat gold rose by Rs 10 to trade at Rs 1,35,070 per 10 grams. The uptick was mirrored in 22-carat gold as well, which also gained Rs 10, with 10 grams of the yellow metal priced at Rs 1,23,810. Traders attributed the slight rise in gold prices to firm global trends and continued investor interest in safe-haven assets.
Silver, however, moved in the opposite direction. The price of the white metal declined by Rs 100, with one kilogram selling at Rs 2,37,900 in key markets. Market participants noted that silver prices remained volatile due to fluctuations in industrial demand and international cues.
City-wise, the price of 10 grams of 24-carat gold stood at Rs 1,35,070 in Mumbai and Kolkata, while Chennai recorded a higher rate of Rs 1,36,130. In the national capital, Delhi, 10 grams of 24-carat gold was priced slightly higher at Rs 1,35,220.
For 22-carat gold, Mumbai reported a price of Rs 1,23,810 per 10 grams, a rate that was also seen in Kolkata, Bengaluru, and Hyderabad. Chennai again traded at a premium, with 10 grams of 22-carat gold priced at Rs 1,24,390. In Delhi, the same quantity of 22-carat gold was available at Rs 1,23,960.
Silver prices showed relative uniformity across most regions. In Delhi, Kolkata, and Mumbai, one kilogram of silver was priced at Rs 2,37,900. Chennai remained an outlier, with silver trading significantly higher at Rs 2,55,900 per kilogram.
Bullion experts said gold prices are likely to remain range-bound in the near term as investors await clearer signals from global markets, including movements in the US dollar and interest rate expectations, while silver may continue to see short-term volatility driven by industrial demand trends.
Meanwhile, gold prices started the new year on a firm note on Thursday, rising by Rs 640 to Rs 1,38,340 per 10 grams in the national capital, according to the All India Sarafa Association.
The yellow metal of 99.9 per cent purity had closed at Rs 1,37,700 per 10 grams on Wednesday.
However, silver prices extended losses for the second consecutive day, depreciating Rs 1,600 to Rs 2,37,400 per kilogram (inclusive of all taxes) from the previous close of Rs 2,39,000 per kg.
The rally in both gold and silver during 2025 was spectacular. The yellow metal delivered returns of 73.45 per cent. Meanwhile, silver outperformed gold with a surge of about 164 per cent.
In the international markets, spot gold slipped by USD 28, or 0.65 per cent, to close at USD 4,310.89 per ounce on Wednesday.
