Gold and Silver Prices in India End Higher on 27 January 2026: Market Close Rates and Key Drivers

StartupTalky News

27 Jan 2026 — 3 min read

Gold and Silver Prices in India End Higher on 27 January 2026: Market Close Rates and Key Drivers

Gold and silver held elevated levels on Tuesday as global safe-haven demand and a weakening rupee underpinned prices. After recent record rallies, precious metals saw minor profit-booking but stayed close to multi-session highs, reflecting persistent investor interest amid geopolitical and macroeconomic uncertainty.

Closing Rates for Gold and Silver on 27 January 2026

The table below shows closing retail prices of 24-carat and 22-carat gold (per 10 g) and silver (per kg) in major Indian cities. These values are indicative retail rates and exclude GST/TCS.

City	24K Gold (₹/10 g)	22K Gold (₹/10 g)	Silver (₹/kg)
Delhi	1,62,100	1,48,600	3,60,100
Mumbai	1,61,950	1,48,450	3,60,100
Chennai	1,63,910	1,50,250	3,75,000
Kolkata	1,61,950	1,48,450	3,60,100
Bengaluru	1,61,950	1,48,450	3,60,100
Hyderabad	1,61,950	1,48,450	3,75,000

🔎 Key takeaways:

24K gold hovered between ₹1,61,950 and ₹1,63,910 per 10 g.
22K gold ranged from ₹1,48,450 to ₹1,50,250 per 10 g.
Silver topped ₹3,75,000 per kg in Chennai and Hyderabad, significantly higher than in northern and western markets.

Intraday Movement & Trend Analysis

Gold: Altitude With Slight Cool-Off

Gold futures on the MCX remained near lifetime highs, with contracts trading close to ₹1.62 lakh per 10 g in late sessions. Earlier in the day, bullion had peaked above these levels before profit-taking emerged, offering mild relief for buyers.

Analysis:

After a sustained rally this month, gold prices paused for consolidation.
Despite cooling, the metal’s uptrend is intact owing to global safe-haven flows and a weakening Indian rupee.

Short-term view: The consolidation phase may attract dip-buyers, but a breakout above recent highs will depend on broader macro cues.

Silver: Record Gains & Volatility

Silver exhibited strong outperformance, with prices climbing near ₹3.75 lakh per kg in some southern markets. The white metal has surged sharply this month, with gains driven by both industrial demand and investor flows into precious metals.

Analysis:

Silver’s momentum remains stronger than gold’s on a percentage basis.
In the past 48-hour window, silver prices jumped significantly, signalling heightened short-term speculative interest.

Short-term view: Silver’s volatility suggests quick swings are possible, a bounce-back or pullback could occur based on global industrial cues and liquidity conditions.

What’s Driving the Market Today

1. Global Safe-Haven Demand

Gold and silver futures surged as geopolitical tensions and macroeconomic concerns lured investors toward traditional safe havens. Gold crossed $5,000 per ounce on international markets, a historic milestone that lent support to domestic prices.

2. Weak Indian Rupee

A softer rupee has amplified gains in local bullion markets, as imports become costlier and domestic investors seek hedges against currency risks.

3. Industrial Demand for Silver

Unlike gold, silver carries a significant industrial component, and renewable energy and electronics demand have been cited as contributing factors to its strong run this month.

Daily Price Changes - Quick Summary

Metal	Yesterday’s Close	Today (27 Jan) Close	Daily Change
Gold (24K)	~₹1,60,410	₹1,62,100	~+₹1,690
22K Gold	~₹1,46,770	₹1,48,600	~+₹1,830
Silver	~₹3,65,000	₹3,75,000	~+₹10,000

Note: Yesterday’s values are approximate averages derived from live feeds.

Market Sentiment & What to Watch Tomorrow

Bullish Signals

Global safe-haven demand continues to underpin preference for gold and silver.
Silver’s performance reflects both investor demand and industrial interest.

Potential Headwinds

Profit-booking could increase if global equity markets stabilise significantly.
Any sharp appreciation in the US dollar may temper bullion gains.

Key Indicators for Tomorrow

US dollar index movement
Rupee-dollar exchange rates
Macro data releases (inflation, employment)
Global geopolitical developments

Verdict for Investors

Gold continues to act as a safe option during uncertain market conditions. Small price dips may offer buying opportunities for long-term investors.
Silver remains more volatile and has seen sharper price moves, making it better suited for short-term trading rather than stable, long-term investment.

Actionable insight: Investors looking at gold can consider buying gradually during price corrections, while silver traders should closely track price levels before entering or exiting positions.