Gold and silver prices moved higher across major Indian cities on Monday, January 12, reflecting firm global cues and sustained domestic demand. According
to bullion market data, gold is trading at Rs 1,39,400, while silver has risen to Rs 2,52,380. The increase was visible across key metros including Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Hyderabad and Ahmedabad, indicating a broad-based uptick in precious metal prices. Market participants said the gains were supported by ongoing global economic uncertainty, expectations around interest rate trajectories, and continued investor preference for safe-haven assets. Globally, gold has remained resilient amid concerns over geopolitical tensions, trade disruptions and fluctuating bond yields. Persistent uncertainty around major economies, coupled with cautious signals from central banks, has kept demand for gold intact. Silver, which has both industrial and investment demand, has also benefited from improving outlooks for manufacturing and clean-energy-related sectors. In the domestic market, the steady rise in prices comes despite subdued jewellery demand in some regions following recent price volatility. However, analysts note that investment demand, especially for physical gold, gold ETFs and silver bars, has remained strong. The ongoing wedding season and expectations of sustained inflationary pressures are also providing underlying support to prices. Traders said movements in the rupee against the US dollar continue to play a crucial role in shaping domestic bullion prices. Any weakness in the local currency tends to make imported commodities, including gold and silver, more expensive, adding to upward pressure on prices. Looking ahead, bullion prices are expected to remain sensitive to global macroeconomic data, central bank policy signals, geopolitical developments and currency movements. With market uncertainty still high, gold and silver are likely to stay in focus for both investors and consumers in the near term.
