In Mumbai, 24-carat gold rose to an all-time high of Rs 1,60,250 per 10 grams, while 22-carat gold was priced at Rs 1,46,890 per 10 grams. These rates are exclusive of GST and making charges. Silver also touched a fresh lifetime high in the spot market, climbing to Rs 3,35,000 per kg
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Gold surged to a record high above USD 5,000 per ounce on Monday, extending a historic rally as investors moved into the safe-haven asset amid rising geopolitical uncertainties. Mirroring the global trend, gold prices in India crossed Rs 1.6 lakh per 10 grams for the first time.
In Mumbai, 24-carat gold rose to an all-time high of Rs 1,60,250 per 10 grams, while 22-carat gold was priced at Rs 1,46,890 per 10 grams. These rates are exclusive of GST and making charges. Silver also touched a fresh lifetime high in the spot market, climbing to Rs 3,35,000 per kg.
Across key cities, gold prices remained largely aligned. In Delhi and Jaipur, 22-carat gold was quoted at Rs 1,47,040 per 10 grams and 24-carat gold at Rs 1,60,400 per 10 grams. Ahmedabad saw 22-carat gold at Rs 1,46,940 and 24-carat gold at Rs 1,60,300 per 10 grams. Prices in Pune, Mumbai, Hyderabad, Chennai, Bengaluru and Kolkata stood at Rs 1,46,890 per 10 grams for 22-carat gold and Rs 1,60,250 per 10 grams for 24-carat gold.
Market participants attributed the sharp rally in precious metals to heightened global uncertainty and sustained demand for safe-haven assets.
Gold prices surpass USD 5,000 an ounce amid heightened global uncertainties
Meanwhile, in a dramatic rally, the gold prices have surpassed USD 5,000 an ounce, hitting another record high amid heightened global uncertainties.
The safe-haven metal reached USD 5,026 an ounce in trading, as silver reached USD 102 an ounce for the first time. In January 2024, Gold stood at just above USD 2,000 an ounce.
Precious metals continue to trade in a structurally strong bull market as we move deeper into 2026, with momentum firmly intact despite intermittent corrections and elevated price levels.
Silver continues to outperform decisively. COMEX Silver has surged beyond the USD 100 mark, registering fresh lifetime highs and highlighting the unique dual nature of the metal — part monetary hedge, part industrial commodity.
The relative strength of silver over gold reflects this powerful convergence of investment and industrial demand, said market watchers. This rally remains fundamentally driven rather than speculative, they added.
Looking ahead into the remainder of Q1 2026 and beyond, the outlook for precious metals stays decisively bullish.
Silver, in particular, retains strong relative-performance potential, while gold continues to serve as the most reliable hedge against macro uncertainty.
Gold and silver have benefited from a combination of global factors, including sustained central bank demand, currency volatility and persistent geopolitical uncertainty.
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