Gold, Silver Rate Today: Gold prices stayed near record highs, while silver reached unprecedented levels on Tuesday, supported by rising geopolitical uncertainty
following the United States’ imposition of a 25 per cent tariff on trade with any country doing business with Iran. As of 10:00 am, gold prices on the Multi-Commodity Exchange (MCX) were up 0.1 per cent, or Rs 84, to trade at Rs 1,42,116 per 10 grams, nearly Rs 400 short of the all-time high of Rs 1,42,500. Silver prices rose 0.7 per cent, or Rs 1,830, to trade at Rs 2,70,800, after earlier hitting a record high of Rs 2,72,202 in the session. “The market is very unclear right now because the key fundamental factors are all geopolitical concerns. Whether it is the US-Venezuela situation, Russia-Ukraine, or the US-Iran-Israel dynamics, all these factors are geopolitical concerns. As a result, we are seeing safe-haven demand in gold,” analyst Anuj Gupta told ET Now Swadesh. Gold is considered a safe-haven asset as it tends to retain or increase its value during times of economic uncertainty and market volatility.
Central Bank purchases provide additional support
Gupta added that central bank buying has also played a key role in uplifting precious metal prices. Central banks buy gold to hedge against currency risk and diversify their reserves for financial stability.So far in 2026, gold has appreciated by around 7 per cent, while silver has risen by about 17 per cent.
Currency movements impact domestic prices
On the domestic front, the Indian rupee weakened by 5 paise to Rs 90.22 against the US dollar in early trade on Tuesday. A weaker rupee makes gold more expensive domestically, as gold is priced in US dollars, raising its cost in local terms.Investors eye economic data
Investors across the globe are bracing for the release of Core CPI data later in the day, along with additional GDP data due on Wednesday. Inflation indicators such as CPI and PPI are closely watched because they signal inflation trends, which influence interest rates and demand for metals like gold and silver.International market prices
In international markets, spot gold was trading flat at USD 4,595.38 per ounce, while spot silver rose 0.6 per cent to USD 85.67 per ounce.City-Wise Gold Prices
| City Name | Price/10g (24 carat) |
| Chennai | 1,40,640 |
| Bangalore | 1,40,670 |
| Hyderabad | 1,42,300 |
| Mumbai | 1,42,290 |
| Delhi | 1,43,550 |
| Pune | 1,42,290 |
| Kolkata | 1,42,270 |
| Chandigarh | 1,40,670 |
| Noida | 1,42,440 |
