Tue Jan 20 08:00:00 UTC 2026: ### Gold and Silver Prices Soar to Record Highs on MCX

The Story:
Gold and silver prices have reached unprecedented levels on the Multi Commodity Exchange (MCX) in India. On January 20, gold futures for February 5, 2026 delivery hit an all-time high of ₹152,500 per 10 grams. Similarly, silver futures for the same delivery date peaked at ₹327,998. These surges reflect a significant upward trend in precious metal prices at the start of 2026.

Key Points:

  • Gold futures (February 5, 2026 contract) on MCX reached a high of ₹152,500 per 10 grams.
  • Silver futures (February 5, 2026 contract) on MCX reached a high of ₹327,998.
  • IBJA (Indian Bullion and Jewellers Association) rates showed 24-carat gold at ₹146,375 per 10 grams and 22-carat gold at ₹145,789 per 10 grams in the morning.
  • IBJA silver was priced at ₹304,863 in the morning.
  • Both gold and silver have been experiencing a surge in prices since the beginning of 2026.

Key Takeaways:

  • Precious metal prices are exhibiting strong bullish momentum in the Indian market.
  • The future contracts indicate continued optimism regarding gold and silver values in the long term.
  • Real-time rates are directly impacted by the record-breaking prices on the MCX.

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