Gold and silver rates today: Latest Rates in all Major Cities January 31, 2026

Today’s Gold Rate in Major Indian Cities

Gold continues to hover near record territory in India, with 24K prices in key metros around ₹16,200 per gram, while 22K (commonly used for jewellery) remains the preferred choice for buyers.

Gold price per gram (approx., today)

*Chennai numbers are approximated from broader all-India and South India quotes and typically trade very close to other southern metros.

What this means for Indian buyers

• 22K jewellery remains the sweet spot for weddings and long-term holding, balancing purity and durability.​
• 24K coins and bars are preferred for investment-focused buyers who want easier resale and transparent pricing linked directly to global rates.
• 18K is popular in lightweight fashion jewellery and diamond-studded pieces, where design value dominates metal value.

For an everyday investor in India, the current spike also means higher making charges in absolute rupee terms, so negotiating labour and wastage becomes crucial at local shops in cities.

Silver Rate Today in Grams and Kg

After touching record highs near ₹3.75–3.80 lakh per kg in January, silver has seen sharp volatility but still trades at very elevated levels in major Indian cities.

Silver price today – per gram and per kg

Indian perspective on silver

• Silver is increasingly treated as a hybrid: part precious metal, part industrial metal, driven by solar, EV, and electronics demand.
• For small-ticket investors in India, silver coins and bars (100 g, 250 g, 1 kg) are a lower-cost alternative to gold, but price swings can be very sharp in either direction.
• Many retail buyers use dips of ₹10–15 per gram as an opportunity to average their holdings before festivals like Akshaya Tritiya and Diwali.

Copper Prices in India – Per Gram and Kg

Copper is not a traditional household investment metal in India, but it has become relevant for traders and industry, especially with the “China plus one” manufacturing push.

Copper price today – national indicative rate

Most copper traded in India uses per kg pricing, with local variations depending on scrap vs refined quality, transport, and GST. For everyday users—plumbers, electricians, small manufacturers—the per-kg rate directly hits project costs, wiring prices, and appliance manufacturing margins.

How Indian users look at copper

• Industrial buyers and traders follow MCX and LME trends and often hedge through futures or long-term contracts.​
• Households rarely “invest” in copper, but rising copper can indirectly make ACs, refrigerators, and wiring more expensive in cities.

Platinum Prices in Grams and Kg

Platinum is still a niche but growing segment in India, popular among urban millennials for engagement rings and minimalistic jewellery.​

Platinum price today – India & key cities

Goodreturns shows a uniform all-India platinum rate across major cities today.​

Platinum has seen a strong uptrend since late 2025, with January 2026 registering a gain of over 23% from the start of the month. This move has been driven by global auto-catalyst demand, jewellery consumption, and speculative flows similar to gold and silver.

Why some Indians are shifting to platinum

• Platinum jewellery often looks subtler and is perceived as more exclusive than gold among younger urban couples.​
• However, liquidity is thinner than gold: resale spreads can be wider, and not every jeweller in Tier-2/3 cities actively quotes platinum buyback rates.​

Key Takeaways for Indian Investors and Buyers

*Indicative, varies slightly by city and jeweller.

Disclaimer: Rates are indicative, rounded, and can vary slightly between jewellers, refiners, MCX, and local markets. Always confirm with your local dealer before buying or selling.