On January 29, 2026, a new record was created in the prices of gold and silver in the international and domestic markets. Gold per ounce on Amex reached above $5,500. At the same time, the price of silver rose to an all-time high.
On Wednesday morning, gold was being traded at $5,019.60 per ounce on Amex. The price rose in the middle of the day and reached $5,269.60 in the evening. As soon as the market opened on Thursday, gold touched an all-time high of $5,500 per ounce. An increase of more than 200 dollars has been recorded in the price of gold in a span of one day.
Silver prices also witnessed a significant increase at the same time. On Wednesday morning the rupee was at $106.99 per ounce. On Thursday it rose to $118.13 per ounce, which is considered the highest recorded level.
In tune with the international market, prices have also been recorded in India’s domestic market. On Multi Commodity Exchange of India (MCX) on Wednesday, gold price per 10 grams closed at Rs 1,66,355. It closed at Rs 3,86,530 per kg on the same day, recording the all-time highest closing.
In the Indian retail market, the price of 24 carat gold per 10 grams reached Rs 1,67,090. 22 carat gold per 10 grams is being traded at Rs 1,53,160 and 18 carat gold per 10 grams is being traded at Rs 1,25,320.
The price of rupee also increased in the domestic market. Currently the price of one kg has reached Rs 3,80,100.
According to market experts, gold and silver prices are seen rising in the context of global economic uncertainty, rising dollar, geopolitical situation, demand as safe haven, purchases by central banks and increased participation of investors in the commodity market.
According to market observers, further changes in gold and silver prices may be seen in the commodity market in 2026. But no specific prediction has been given regarding what level this upward trend will reach in the future.
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