Gold and Silver Prices in India Close Higher Today: Market Close Rates, Intraday Movement and Price Analysis
Gold and silver prices in India ended higher on 28 January 2026, with both metals sustaining strong gains at market close. Domestic bullion markets reflected persistent safe-haven demand and global price strength, driven by a softer dollar, fresh record highs on exchanges and macroeconomic uncertainty. Silver exhibited broader intraday swings relative to gold, while gold consolidated near elevated levels as markets reacted to global cues.
Gold and Silver Rates in India at Market Close (City-Wise Prices)
| City | 24K Gold (₹/10g) | 22K Gold (₹/10g) | Silver (₹/kg) |
|---|---|---|---|
| Delhi | 1,61,840 | 1,48,353 | 3,70,000 |
| Mumbai | 1,61,960 | 1,48,460 | 3,70,000 |
| Chennai | 1,62,390 | 1,48,858 | 3,87,000* |
| Bengaluru | 1,62,250 | 1,48,729 | 3,70,000 |
| Hyderabad | 1,62,380 | 1,48,848 | 3,70,000 |
| Kolkata | 1,61,910 | 1,48,418 | 3,70,000 |
Silver rate in Chennai reflects local variation on kilogram pricing.
Prices are retail closing rates; local taxes, making charges and city spreads can differ.
Gold and Silver Price Movement Today: Opening Levels, Intraday Highs and Closing Trend
Precious metals opened stronger on 28 January, with MCX gold futures scaling beyond ₹1.60 lakh per 10 grams and silver futures breaching ₹3.75 lakh per kilogram during the session. Silver saw intraday jumps of ₹21,000-plus from previous quotes, while gold futures moved up by over ₹4,000 from earlier levels. Both metals recorded fresh lifetime highs on domestic exchanges before easing slightly toward market close, yet still ending well above prior session prices.
Gold Price Analysis Today: Safe-Haven Demand, Dollar Impact and Domestic Cues
Gold remained elevated throughout the session amid continued international safe-haven interest. Spot gold climbed above $5,200 per ounce globally, reflecting persistent demand as geopolitical uncertainty and macro risks linger. The US dollar’s weakness contributed to this dynamic, making gold relatively more attractive in rupee terms. Domestic price support was also reinforced by MCX futures strength and consolidative buying, with little evidence of sharp profit booking by day’s end.
Silver Price Analysis Today: Volatility, Industrial Demand and Performance vs Gold
Silver’s upside was more pronounced compared with gold on 28 January. The metal climbed past ₹3.75 lakh per kilogram on MCX, driven by a combination of safe-haven flows and industrial demand fundamentals. Its broader intraday range suggests heightened sensitivity to sentiment shifts and speculative positioning. Silver’s performance outpaced gold in percentage terms during the session, highlighting its dual role as both a precious and industrial commodity.
Why Gold and Silver Prices Moved Today: Key Factors Influencing the Market
- Global bullion rally: Gold and silver hit or neared historical peaks on international and domestic exchanges as traders priced in safe-haven demand.
- US dollar weakness: Depreciation of the dollar supported elevated international bullion prices, feeding through to Indian rates.
- Macro uncertainty and geopolitical risk: Sustained risk aversion drove investor interest in precious metals across markets.
What Today’s Market Close Indicates for Bullion Trends
The market close on 28 January signals continued consolidation at elevated levels for precious metals. Gold’s relatively narrower end-of-day range suggests stability amid shifting global sentiment, while silver’s wider intraday movement highlights ongoing volatility. Current patterns indicate that bullion markets remain highly responsive to external cues, particularly currency movements and macro risk factors, rather than purely domestic seasonal demand.
Investor Takeaway: How to Read Today’s Gold and Silver Price Close
Gold finished the session with gains intact, underscoring its persistent role as a hedge against uncertainty. Silver’s sharper upward trajectory and broader price swings point to higher sensitivity to market momentum and industrial cues. Collectively, today’s close reinforces that precious metal prices remain closely linked to global sentiment and currency dynamics, with bullion’s safe-haven status evident in both gold and silver.
All figures referenced derive from real-time pricing sources and exchange records at market close on 28 January 2026.
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