There was an increase in the prices of gold and silver this week. Gold has increased by Rs 12,717 to Rs 1,54,310 per 10 grams. Earlier, last week i.e. on Friday, January 16, it was at Rs 1,41,593. Whereas silver has increased from 2,81,890 kg to Rs 3,17,705. That means its price has increased by Rs 35,815. This year, in just 23 days, gold has become costlier by Rs 21,115 and silver by Rs 81,285. 3 big reasons for the rise in gold 1. Global tension and ‘Greenland’ dispute: US President Donald Trump’s insistence on occupying Greenland and threat of tariffs to European countries on this issue has increased the instability 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: The price of gold 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, then gold can go up to ₹ 1,90,000 per 10 grams in 2026. Whereas silver can go up to Rs 4 lakh. Know the 3 main reasons for the rise in silver. Gold will become costlier by 75% and silver by 167% in 2025.
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Silver increased by ₹ 35,815 to ₹ 36 lakh this week: Gold became costlier by ₹ 12,717 to ₹ 1.54 lakh, see gold prices in your city.
