Gold and Silver Rates in India on Jan 9, 2026
Gold prices dropped across major Indian cities on Friday, Jan. 9, 2026, pressured by a strong US dollar and reduced safe-haven demand. Today, the yellow metal is trading at Rs 137,930 while the white metal is at Rs 2,42,940, according to Bullions website.
In Mumbai, the financial heart of the country, 24-carat gold is retailing at approximately Rs 1,37,930 per 10 grams. Kolkata follows a similar upward trend, with its gold rate reported at Rs 1,37,750. Both cities have outpaced the national capital, Delhi, where the 24-carat rate currently stands at Rs 1,37,700.
The southern markets, however, continue to record the highest figures in the country. Chennai leads the metros with a peak rate of Rs 1,38,330, while Hyderabad and Bengaluru follow closely at Rs 1,38,150 and Rs 1,38,040 respectively, further widening the price gap between the southern hubs and the capital.
Gold Rates in Major Indian Cities
- Mumbai: Rs 137,930
- Delhi: Rs 1,37,700
- Bengaluru: Rs 1,38,040
- Chennai: Rs 1,38,330
- Hyderabad: Rs 1,38,150
- Kolkata: Rs 1,37,750
- Pune: Rs 1,37,930
Silver rallied even more than gold levels with an Indian average at Rs 2,42,940. The white metal was trading at Rs 2,42,500 in Mumbai, according to Bullion’s website.
Today, silver in Delhi is trading at approximately Rs 2,42,080 per kg, while in southern cities like Chennai and Hyderabad, the price is even higher at Rs 2,43,800 and Rs 2,42,880 per kg due to local demand and tax variations.
The price of silver is Kolkata is Rs 2,42,170, and in Bengaluru at Rs 2,42,690.
Silver Rates in Major Indian Cities
- Mumbai: Rs 2,42,500
- Delhi: Rs 2,42,080
- Bengaluru: Rs 2,42,690
- Chennai: Rs 2,43,800
- Hyderabad: Rs 2,42,880
- Kolkata: Rs 2,42,170
Gold prices stabilised around $4,473.34 per ounce, influenced by a stronger US dollar and anticipation of crucial US economic data. This data, particularly the non-farm payroll report due on Friday, will likely impact interest rate policy decisions this year.
After a 3.4% weekly rise, gold faced downward pressure following unexpectedly strong US initial jobless claims. Meanwhile, silver dropped 0.8% to $76.37, despite being on track for a weekly gain, reports Bloomberg.
Indian investors looking to invest in gold or silver can check the current rates on gold prices and silver prices before making a decision. It’s also essential to consider the impact of the US dollar and other global economic factors on the prices of these precious metals.
Impact of US Dollar on Gold and Silver Prices
The strong US dollar has been a significant factor in the drop in gold and silver prices. A strong dollar makes gold and silver more expensive for foreign investors, which can lead to a decrease in demand and a subsequent drop in prices.
Indian investors can also consider investing in gold ETFs or silver ETFs as an alternative to physical gold or silver. These ETFs allow investors to gain exposure to the price of gold or silver without having to physically hold the metal.
Conclusion
In conclusion, gold and silver prices dropped across major Indian cities on Jan 9, 2026, due to a strong US dollar and reduced safe-haven demand. Indian investors looking to invest in these precious metals should consider the current rates and the impact of global economic factors before making a decision.