Gold Prices Ease Slightly Despite Record High Levels
Gold and silver prices recorded a marginal decline on January 26, offering brief relief to buyers, even as rates remain near historic highs driven by global uncertainty and strong domestic demand.
After weeks of sharp increases, gold prices showed a minor pullback on January 26, surprising many buyers who have been closely tracking the precious metal’s relentless rise. While the drop is numerically small, it has caught attention because prices usually move in much larger ranges.
Market observers note that gold rates have remained elevated for several days, making purchases difficult for average consumers. Global market volatility and ongoing geopolitical tensions have continued to support higher prices, keeping gold near record territory despite the slight correction.
At the national level, 24 carat gold is priced at Rs 1,60,250 per 10 grams, while 22 carat gold stands at Rs 1,46,890 per 10 grams. Compared to recent sessions, the decline is limited to just a few rupees, underlining how strong the overall trend still remains.
Silver prices have also edged down modestly. One kilogram of silver is trading at around Rs 3,34,900 across the country after a drop of about Rs 100. However, regional differences remain noticeable, with Hyderabad recording a higher silver rate of Rs 3,64,900 per kilogram.
City wise gold prices show only marginal variation. Hyderabad and Vijayawada are quoting 24 carat gold at Rs 1,60,250 per 10 grams and 22 carat gold at Rs 1,46,890. In Delhi, prices are slightly higher at Rs 1,60,400 for 24 carat and Rs 1,47,040 for 22 carat gold. Mumbai and Bengaluru are largely in line with Hyderabad, while Chennai is trading lower for 24 carat gold at Rs 1,59,480 per 10 grams.
Experts point out that gold prices are never uniform across India. Local taxes, jeweller charges, transportation costs, and regional demand all influence city wise rates. Southern markets such as Chennai often see faster price movements, while silver tends to trade higher in cities like Hyderabad, Chennai, and parts of Kerala.
It is also important to note that these prices were recorded early in the morning. Gold and silver rates can change during the day depending on international cues, currency movements, and market sentiment, keeping buyers and investors on constant watch.
