Gold, Silver Rates Today Highlights: Silver outshines gold, delivers 30% YTD returns. Is metal getting ready for topout?

Gold, Silver Rate Today LIVE: As of 11:15 pm (IST), the gold prices were trading 2.16% or ₹3,081 per 10 grams higher at ₹145,598 per 10 grams, compared to ₹142,517 per 10 grams at the previous market close, according to the official data.

The MCX data also showed that the precious white metal, silver prices were trading 7.94% or ₹22,838/kg higher at ₹310,600/kg at 11:15 pm (IST), compared to ₹287,762/kg in the previous commodity market close.

Gold, Silver Rate Today LIVE: Kaveri More, Commodity Analyst at Choice Broking, said that there is substantial steam remaining for precious metal gold and silver prices as the long-term bullish trends stay intact with institutional flows, resource nationalism, and macro tailwinds outweighing near-term corrections.

Gold prices have a major support at the range of ₹135,000–121,000 per 10 grams, while the resistance level ranges at ₹150,000–160,000 per 10 grams.

Silver prices have support at ₹260,000–222,500/kg zone, while the resistance level stands at ₹320,000–336,000/kg, according to the market expert.

“Gold holds major supports at 135,000–121,000 (equivalent to $4,400–$4,200), with resistances looming at 150,000–160,000, confirming bullish breakouts above $4,600 toward $4,800+ targets. Silver defends key zones around 260,000–222,500 ($80–$70), eyeing upper barriers at 320,000–336,000 ($100–$120) amid backwardation and volatility spikes signalling scarcity,” said Kaveri More.

Gold, Silver Rate Today LIVE: Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, said that the gold prices in the spot market in New Delhi surged to a fresh record high amid safe-haven demand.

“Gold rate in Delhi surged to fresh record high levels as safe-haven demand for the precious metals showed no signs of abating amid fresh tariff threat from US President Donald Trump on several European countries, amid their opposition to his ambition to buy Greenland,” said the commodity expert.

“Trump’s announcement of a 10% tariff on EU nations has revived uncertainty around global trade and raised questions over the progress of the US–India trade deal. Additionally, geopolitical risks emanating from the US, including Greenland coming into focus, have elevated global risk sentiment,” said Trivedi.

“In such an environment, gold continues to remain a preferred allocation, with any minor profit booking being viewed as a buying opportunity, said Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities on 19 January,” said the market expert.

Gold, Silver Rate Today LIVE: Aamir Makda, Commodity & Currency Analyst, Choice Broking, said that the recent silver rally suggests that, despite the precious metal’s surge in prices, the internal momentum driving those gains is actually weakening.

“Although, in recent sessions, with prices’ upmove, we have observed an RSI bearish divergence on Daily charts, which is a classic ‘Red flag’ warning. It suggests that while the price is still climbing and hitting new peaks, the internal momentum driving those gains is actually weakening,” said the commodity market expert.

“Along with this, we can see the fall in OI levels to 9850 lots parallel to price-rise so far in March contract which suggests a Long unwinding in Silver. Traders who already have long position, should look for a profit-booking at current levels,” said Makda.

Gold, Silver Rate Today LIVE: India’s Multi-Commodity Exchange (MCX) data showed that both silver and gold prices hit their fresh record high levels during Monday, 19 January 2026, morning commodity market session on strong buying interest and tariff pressures.

As of 3:38 pm (IST), the gold prices were trading 1.84% or ₹2,616 per 10 grams higher at ₹145,133 per 10 grams, compared to ₹142,517 per 10 grams at the previous market close, according to the official data.

The MCX data also showed that the precious white metal, silver prices were trading 5.17% or ₹14,878/kg higher at ₹302,640/kg at 3:38 pm (IST), compared to ₹287,762/kg in the previous commodity market close.

Looking at Technical charts, we are expecting further upward momentum in Silver, and immediate support would be at the 20-DEMA level, placed at 255,100. Daily SAR is placed at 249,500. For the upside levels, 261% of Trend-based Fib. Extension which is placed at 362,937.

— Aamir Makda, Commodity & Currency Analyst, Choice Broking

Trump’s latest tariff declaration on European countries to increase tariffs by 10%, which could rise to 25% by June, has offered an additional lift to Silver and gold prices.

— Aamir Makda, Commodity & Currency Analyst, Choice Broking

Adding to the demand-supply constraint, macroeconomic factors, including anticipated interest rate cuts and geopolitical tensions in Iran & Venezuela, have bolstered Silver’s safe-haven appeal, further boosting demand as investors seek stability amid volatility.

— Aamir Makda, Commodity & Currency Analyst, Choice Broking

The market faces a structural supply deficit exacerbated by China’s strict export licensing and limited mining growth, resulting in a severe drop in inventories. The global silver deficit has been projected at ~230 million ounces so far in 2026.

— Aamir Makda, Commodity & Currency Analyst, Choice Broking

As of mid-January 2026, Silver has delivered nearly 30% returns, building on the momentum of 2025. Silver has reached $93 / ounce, a level once considered unthinkable, driven by a “perfect storm” of industrial scarcity and geopolitical shifts.

— Aamir Makda, Commodity & Currency Analyst, Choice Broking

Tactical profit-taking near these peaks is sensible for short-term traders, but for long-term investors, silver remains a compelling hedge against inflation and market uncertainty. Overall, the recommendation is to buy on meaningful dips and hold core positions, keeping allocations balanced with risk management in mind. The trend favors continued upside, but disciplined entry and exit remain critical at these historically high levels.

— Justin Khoo, Senior Market Analyst – APAC, VT Market

Silver crossing the ₹3 lakh per kg mark is a historic milestone, reflecting intensifying safe-haven demand amid geopolitical tensions and global macro uncertainty. From an investment perspective, this breakout is not merely a short-term spike but part of a broader structural uptrend supported by supply constraints and robust industrial demand, particularly in solar, electronics, and electric vehicles. While elevated levels introduce heightened volatility, investors should focus on strategic positioning rather than chasing record highs.

— Justin Khoo, Senior Market Analyst – APAC, VT Market

A decisive move above ₹1,45,000 can trigger further upside toward ₹1,46,000 to ₹1,50,000 in the near term. Immediate support is placed in the ₹1,43,000 to ₹1,42,000 zone. The broader trend remains firmly bullish, and the structure favours a buy-on-dips approach.

— Ponmudi R, CEO at Enrich Money

Extending its early morning gains, the MCX silver rate eclipsed its record high made in the morning session and climbed to a new peak of ₹3,04,200 per kg.

The Indian National Rupee (INR) has depreciated by around 0.31% and the USD/INR ratio has shot up to 90.96 levels. This is also a reason for the rise in gold and silver prices in the domestic market. In other words, both domestic and international triggers signal an upside movement in gold and silver rates today.

— Anuj Gupta, a SEBI-registered commodity expert

MCX Gold is holding firm near recent highs around ₹1,44,500, preserving a clean higher-high, higher-low structure within a rising channel. The recent peak near ₹1,45,500 highlights strong domestic participation, backed by global strength and a stable USD/INR near 90.70. The 20-day EMA around ₹1,40,400 continues to act as a reliable dynamic support, with dips consistently being bought into.

— Ponmudi R, CEO at Enrich Money

Any short-term pullbacks are likely to remain shallow and attract fresh buying interest. Overall, gold maintains a decisively bullish bias, supported by persistent safe-haven demand, continued central-bank accumulation, geopolitical uncertainty, and expectations of a supportive monetary policy environment.

— Ponmudi R, CEO at Enrich Money

Prices continue to hold well above the rising trendline and the 20-day EMA near $4,588, keeping the primary uptrend intact. The earlier resistance band of $4,600–$4,630 has now flipped into a strong support zone, reinforcing bullish confidence. A sustained breakout above $4,700 can open the door toward $4,800–$5,000 over the coming weeks and months.

— Ponmudi R, CEO at Enrich Money

The COMEX Gold price is consolidating near the $4,670 zone after testing fresh lifetime highs around $4,700 earlier today. The recent pause reflects healthy profit-booking after a sharp rally, but the broader structure remains firmly bullish.

— Ponmudi R, CEO at Enrich Money

After retracing from the record highs made during the morning dealings on Monday, the MCX silver rate is trading higher and has been sustaining above ₹3 lakh per kg.

Silver has displayed comparatively higher volatility, with MCX prices fluctuating between ₹2.85 lakh and ₹2.95 lakh per kg before extending gains to ₹3 lakh. Strong industrial demand, especially from clean energy and electronics, combined with investment inflows, has amplified price movements.

— Justin Khoo, Senior Market Analyst – APAC, VT Market

MCX gold futures were holding near ₹1.42 lakh to ₹1.43 lakh per 10 grams after mild profit-taking from record highs, indicating resilience rather than trend exhaustion. The metal continues to find support from a softer dollar bias and ongoing geopolitical risks.

— Justin Khoo, Senior Market Analyst – APAC, VT Market

Gold appears to be consolidating at higher ranges, while silver retains upside momentum. Near-term direction for both metals will depend on US macro data, central-bank communication, and geopolitical developments.

— Justin Khoo, Senior Market Analyst – APAC, VT Market

Gold and silver are trading at elevated levels in mid-January 2026, reflecting sustained safe-haven demand amid geopolitical uncertainty, high global interest rates, and shifting expectations around monetary policy.

— Justin Khoo, Senior Market Analyst – APAC, VT Market

Gold has support at $4552-4495, while resistance is at $4640-4690. Silver has support at $87.10-84.75 while resistance is at $92.15-94.48. In INR gold has support at ₹1,41,650-1,40,310, while resistance is at ₹1,44,150-1,45,670. Silver has support at ₹2,85,810, 2,82,170, while resistance is at ₹2,94,810, 2,96,470.

— Rahul Kalantri, VP Commodities, Mehta Equities

Gold and silver surged to fresh record highs on Monday morning, recovering sharply from Friday’s dip. The rally was fueled by a strong shift toward safe-haven assets amid renewed trade tensions between the US and Europe. President Trump’s decision to impose fresh tariffs on imports from eight European nations has heightened fears of retaliation and a broader trade conflict. Added concerns around political stability, questions over US monetary policy independence, and ongoing geopolitical risks have further supported gold.

— Rahul Kalantri, VP Commodities, Mehta Equities

The MCX silver has decisively broken above the resistance at ₹2,93,000 per kg, and the white metal is now sustaining above this level. So, the new immediate support for silver rates today is ₹2.93 lakh, and crucial support is placed at ₹2.88 lakh. One can maintain a buy-on-dips strategy in the white meat until it is placed above this support band.

— Anuj Gupta, a SEBI-registered commodity expert

COMEX silver has broken out above $93 and has been sustaining above that level. The white metal is now poised to touch $95 and $100 per ounce in the near term.

— Anuj Gupta, a SEBI-registered commodity expert

The MCX gold rate today has immediate support at ₹1,42,000 and ₹1,40,000 per 10 gm. On the upper side, the precious yellow metal is facing a hurdle at ₹1,48,000 per 10 gm. On breaking above the ₹1.48 lakh resistance, the yellow metal may soon touch the ₹1.50 lakh per 10 gm levels.

Anuj Gupta, a SEBI-registered commodity expert

The COMEX gold has immediate support placed at $4,620 per ounce, while the yellow metal has crucial support placed at $4,580 per ounce. On the upper side, the COMEX gold price targets are $4,730 and $4,780 per ounce.

The gold futures contract on the MCX for the February 2026 expiry opened with an upside gap at ₹1,43,321 per 10 gm and touched an intraday high of ₹1,45,500 per 10 gm within a few minutes of the Opening Bell.

Silver futures contract on MCX for March 2026 expiry opened with an upside gap at ₹2,93,100 per kg and touched an intraday high of ₹3,01,315 per kg, which turned out to be a new peak for the precious white metal on the MCX.

The gold-silver ratio in the international market has inched close to 50, which means buying in gold may yield higher profits, and profit-booking in silver may trigger at any time.

— Amit Goel, Chief Global Strategist at Pace 360

MCX Gold is trading near ₹1,42,500 per 10 grams and is continuing to consolidate after lifetime highs, within a well-defined upward channel. Support is placed in the ₹1,38,000 to ₹1,40,000 zone, while a decisive move above ₹1,43,000 could extend the rally toward ₹1,45,000 to ₹1,48,000 and higher. The structure remains positive, supported by global price strength, rupee dynamics, and steady domestic demand.

— Ponmudi R, CEO at Enrich Money

MCX Silver continues to trade within its bullish channel after consolidation. The ₹2,83,000 to ₹2,80,000 zone acts as strong support, while a sustained move above ₹2,95,000 could accelerate prices toward ₹3,05,000 to ₹3,20,000. Given the persistent supply gaps and rising industrial demand, the broader setup continues to favour aggressive dip-buying strategies.

— Ponmudi R, CEO at Enrich Money

The gold and silver prices on MCX are taking cue from the international market. As the gold and silver prices on the COMEX have opened with an upside gap, we are expecting a gap-up opening for the precious bullions.

— Anuj Gupta, a SEBI-registered commodity expert

Silver rate today has given a decisive breakout above $93 per ounce. If the white metal price sustains above this level for few more hours, we can expect the precious metal to touch $95 in immediate term and $100 in the near term.

— Anuj Gupta, a SEBI-registered commodity expert

Noted author Robert Kiyosaki had already predicted about the gap-up opening for the white metal citing, “TESLA cannot get silver. This Monday silver will gap up. from $91 an ounce to $107 an ounce. Yay.”

Gold prices surged to all-time highs in Asian trading on Monday, approaching $4,700 an ounce, and silver touched $93.58 as safe-haven demand remained strong after President Donald Trump threatened new tariffs on eight European nations over his push to acquire Greenland.

— Anuj Gupta, a SEBI-registered commodity expert

Gold, Silver Rate Today LIVE: Gold and silver prices in the international markets rallied to record highs on Monday, on safe-haven buying amid intensifying global trade and tariffs tensions.