Tue Jan 20 15:10:00 UTC 2026: ### Gold and Silver Prices Skyrocket to Unprecedented Levels in Indian Markets

The Story:
Gold and silver prices have surged to record highs in the Indian market. On Tuesday, gold prices crossed ₹1.5 lakh per 10 grams for the first time, following silver’s historic rise to ₹3 lakh per kilogram on Monday. Gold prices saw a significant increase of approximately ₹7,000 in a single day. The surge is attributed to continued momentum from the previous year, with gold prices consistently breaking records in 2026.

Key Points:

  • Gold prices on the Multi Commodity Exchange (MCX) opened at ₹1,45,500 per 10 grams on Tuesday, a slight decrease from Monday’s closing price of ₹1,45,639.
  • However, MCX gold prices surged by ₹6,861 to reach ₹1,52,500 per 10 grams, setting a new record.
  • Since the beginning of January 2026, gold prices have increased by ₹17,053 per 10 grams.
  • In the domestic market, 24-carat gold closed at ₹1,43,946 per 10 grams on Monday and traded at ₹1,46,380 on Tuesday, representing an increase of ₹2,434.
  • Silver prices in the domestic market opened at ₹3,04,863 per kilogram, a surge of ₹10,888 compared to the previous close of ₹2,93,975.
  • MCX silver prices for the March 5th expiry rose by ₹17,723 to reach ₹3,27,998 per kilogram.
  • Since December 31, 2025, silver prices have increased by ₹92,297 per kilogram.

Key Takeaways:

  • Gold and silver are experiencing unprecedented price surges in the Indian market.
  • The price surge is fueled by continued momentum from the previous year, as gold and silver continue to break records.
  • Both MCX and domestic markets reflect the increasing prices of gold and silver.
  • The prices published by the Indian Bullion Jewelers Association are consistent across the country, excluding making charges and GST applied during jewelry purchases.

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