Gold prices in India inched higher on Friday, January 3, 2026, while silver remained largely stable, reflecting a cautious start to the new trading year. The mild uptick comes amid steady global cues, currency movements and ongoing festive and wedding-related demand across domestic markets.
As per the latest data, 24-carat gold is priced at ₹13,621 per gram, while 22-carat gold stands at ₹12,486 per gram. Silver is trading at ₹2,42,100 per kilogram, a level closely tracked by both investors and jewellery buyers.
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Gold prices today: National benchmark rates
On January 3, gold prices across India showed a marginal rise, continuing the trend seen since the beginning of 2026. Market participants attribute the firmness to global bullion strength and persistent inflation concerns.
- 24K gold (999 purity): ₹13,621 per gram
- 22K gold (916 purity): ₹12,486 per gram
- 18K gold: ₹10,216 per gram
Jewellers say demand has remained steady as buyers step in gradually, especially ahead of wedding dates and regional festivities.
City-wise gold prices in India
While base gold rates remain aligned nationally, local factors such as making charges, logistics and regional demand create small price differences across cities.
Gold prices on January 3, 2026 (₹ per gram):
| City | 24K | 22K | 18K |
|---|---|---|---|
| Delhi | 13,636 | 12,501 | 10,231 |
| Mumbai | 13,621 | 12,486 | 10,216 |
| Chennai | 13,725 | 12,581 | 10,491 |
| Kolkata | 13,621 | 12,486 | 10,216 |
| Bengaluru | 13,621 | 12,486 | 10,216 |
| Hyderabad | 13,621 | 12,486 | 10,216 |
| Pune | 13,621 | 12,486 | 10,216 |
| Kerala | 13,621 | 12,486 | 10,216 |
Chennai recorded the highest rates among major metros, while most other cities matched the national benchmark.
Silver prices today: What the numbers show
Silver prices remained mostly flat on Friday, continuing to track global trends and industrial demand.
- Silver 999: ₹242.10 per gram
- Silver 999: ₹2,42,100 per kilogram
- Silver 925 (sterling): ~₹2,42,000 per kilogram
Silver continues to draw interest not just as a precious metal but also due to its growing use in electronics and renewable energy applications.
City-wise silver prices
Silver prices also showed minor regional variation on January 3.
| City | Silver 999 (₹/10 grams) |
|---|---|
| Delhi | 2,421 |
| Mumbai | 2,421 |
| Kolkata | 2,421 |
| Chennai | 2,601 |
Chennai traded at a noticeable premium, largely due to local demand and dealer-level pricing.
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What’s driving gold and silver prices?
Analysts point to a mix of global and domestic factors shaping bullion prices:
- Movement in international gold and silver markets
- Dollar-rupee exchange rate fluctuations
- Inflation expectations
- Seasonal jewellery demand linked to weddings and festivals
Gold, in particular, continues to be seen as a long-term hedge against inflation and economic uncertainty by Indian households.
What buyers should keep in mind
Experts advise buyers to:
- Check BIS hallmarking for purity assurance
- Compare rates across multiple jewellers
- Ask for a detailed invoice covering weight, purity and charges
- Track daily price movements before making large purchases
Gold and silver prices are updated daily and may change quickly based on market conditions.
Bottom line
On January 3, 2026, gold prices in India showed a mild upward movement, while silver stayed mostly steady, with clear city-wise variations. With global cues, currency trends and domestic demand all in play, buyers and investors are keeping a close watch before taking fresh positions.
