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Gold Edges Up, Silver Consolidates After Record Highs
31 Jan
Summary
- Gold prices saw a marginal increase on January 31, 2026.
- Silver prices stabilized after a significant rally earlier in January.
- MCX silver futures traded at ₹3,94,900 per kg on the same day.
Gold prices in India experienced a minor uptick on January 31, 2026, influenced by international market dynamics and ongoing inflation concerns. As of this date, 24-carat gold is priced at ₹16,026 per gram, and 22-carat gold is trading at ₹14,690 per gram. These movements are closely tied to global bullion trends and domestic demand.
In contrast, silver prices have stabilized following a significant surge and record highs earlier in January. Physical silver is currently priced around ₹3,35,000 per kilogram, with Silver 925 near ₹3,34,900 per kilogram. MCX silver futures for March were trading at ₹3,94,900 per kg.
Despite the recent consolidation, silver prices remain substantially elevated over weekly and monthly periods, buoyed by speculative and industrial interest. The market is observing silver's trajectory as it navigates post-rally price discovery, with analysts noting that long-term fundamentals support its value.
