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- Gold Rate Today (23 January 2026); Today’s price of gold and silver. Gold Silver Price
New Delhi1 hour ago
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Gold prices have reached all time high today i.e. on 23 January. According to India Bullion and Jewelers Association (IBJA), gold has increased by Rs 4,300 to Rs 1,55,428 per 10 grams. Earlier it was at Rs 1,51,128.
At the same time, 1 kg silver has increased by Rs 19,249 to Rs 3,18,960. Earlier on Thursday it was at Rs 2,99,711. This year, in just 23 days, gold has become costlier by Rs 22,233 and silver by Rs 88,540.
3 big reasons for the rise in gold
1. Global Tension and ‘Greenland’ Dispute: US President Donald Trump’s insistence on annexing Greenland and threat of tariffs to European countries over this issue has increased volatility in global markets. Whenever the threat of trade war increases in the world, investors withdraw money from the stock market and run towards safe investment i.e. gold.
2. Record weakness of rupee : Gold price in India depends not only on global rates but also on the dollar-rupee exchange rate. Today the rupee is at an all-time low of ₹91.10 against the dollar. According to Jatin Trivedi of LKP Securities, the landing cost of gold bought internationally has become very expensive in India due to the weak rupee, pushing prices in the domestic market beyond ₹1.5 lakh.
3. Heavy purchases by Central Banks: Central banks around the world (like India’s RBI) are increasing gold stocks to safeguard their foreign exchange reserves. According to World Gold Council data, after record purchases in 2025, demand from central banks remains strong in early 2026, due to which prices are increasing due to low supply and high demand.
Gold can go up to ₹1.90 lakh According to Research Head Dr Renisha Chainani, if US tariffs and tensions in the Middle East increase further, gold may go up to Rs 1,90,000 per 10 grams in 2026. Whereas silver can go up to Rs 4 lakh.
Gold will become costlier by 75% and silver by 167% in 2025
- Last year i.e. in 2025, the price of gold has increased by Rs 57,033 (75%). On December 31, 2024, 10 grams of 24 carat gold was worth Rs 76,162, which will become Rs 1,33,195 on December 31, 2025.
- The price of silver also increased by Rs 1,44,403 (167%) during this period. On December 31, 2024, the price of one kg silver was Rs 86,017, which became Rs 2,30,420 per kg on the last day of this year.
Know the 3 main reasons for the rise in silver
- Industrial Demand – Heavily used in solar, electronics and EV, silver has now become an essential raw material and not just jewellery.
- Trump’s tariff fear – American companies are accumulating huge stocks of silver, prices rose due to reduction in global supply.
- Manufacturers in competition – Everyone is already buying due to the fear of production stoppage, which is why the rise will continue in the coming months also.
Silver may go up to ₹4 lakh this year
- Motilal Oswal Financial Services: Silver can reach ₹3.20 lakh per kg in 2026. Considering the solar and EV demand, it is advisable to buy on every dip.
- SAMCO Securities: Based on technical breakout and strong global cues, silver prices can also touch the level of ₹3.94 lakh per kg.
- Nilesh Surana (Commodity Expert): Silver may go up to $100 per ounce (about ₹3.5-4 lakh) due to increasing demand for green energy and cut in US interest rates.
- Ponmudi R (CEO, Enrich Money): The long-term bullish trend in silver will continue for now, so investors should take advantage of every small drop in prices.
- Robert Kiyosaki (Global Investor): Considering the weakness of the dollar and inflation, silver can also reach a shocking level of $200 per ounce in the year 2026.
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