Gold, Silver Rate Today LIVE: Bullion Explodes to Historic Highs; Silver Tops ₹4 Lakh, Gold Above ₹1.75 Lakh in India

January 29, 2026,Gold, Silver Rate Today LIVE: Bullion Explodes to Historic Highs; Silver Tops ₹4 Lakh, Gold Above ₹1.75 Lakh in India. The global financial landscape is witnessing a seismic shift today as precious metals shatter all previous records. In a rally that has stunned seasoned analysts, spot gold has breached the $5,500 mark, while silver continues its aggressive ascent toward $120 an ounce. In the Indian domestic market, the impact is even more pronounced, with 24K gold trading at an unprecedented ₹1,78,850 per 10 grams and silver industrial prices touching the ₹4,00,000 per kg milestone in major hubs like Chennai.

The Bullion Breakout: A New Era for Investors

The year 2026 has already become a landmark period for the “Safe Haven” trade. Following a massive 64% jump in 2025, gold has gained an additional 27% in just the first month of 2026. Silver, often called “Gold on steroids,” has outperformed its yellow counterpart with a staggering 60% year-to-date (YTD) gain.

The rally is fueled by a “perfect storm” of macroeconomic factors:

• Geopolitical Tensions: Heightened risks in the Middle East and concerns over trade policies have driven investors toward “hard assets.”

• Federal Reserve Stance: Following the US Fed’s decision to hold interest rates steady amid cooling but persistent inflation, non-yielding assets like gold have become highly attractive.

• Central Bank Buying: Institutional demand remains at record levels as central banks worldwide diversify away from the US Dollar.

• Supply Scarcity: Silver is facing its sixth consecutive year of supply deficit, largely due to its massive requirement in the Green Energy (Solar) and AI infrastructure sectors.

Live Gold Rates in India: January 29, 2026

The domestic market saw a massive single-day jump today. Gold prices across different purities have increased by over ₹11,000 per 100 grams in just 24 hours.

Table 1: Gold Price per Gram (Carat-wise)

Table 2: Bulk Gold Rates (Investment Grade)

Silver Rates Today: Breaking the ₹4 Lakh Barrier

Silver has emerged as the superstar of the commodity market. Due to its dual role as a precious metal and a critical industrial component (used in EVs, solar panels, and 5G tech), the “White Metal” is seeing a demand-supply mismatch like never before.

Table 3: Silver Price in Major Indian Cities

City-Wise Gold Analysis: Chennai Leads the Pack

While the base prices are driven by the Multi Commodity Exchange (MCX) and international spot rates, local taxes, octroi, and jeweller associations cause slight variations across cities. Chennai remains the most expensive market for gold in India today due to high retail demand.

Table 4: 24K Gold Price per Gram Across Major Cities

Why are Gold and Silver Skyrocketing?

1. The $5,500 Psychological Breach

Global spot gold prices hit a lifetime high of $5,591.61 earlier today. Breaking the $5,000 barrier earlier this week has triggered “momentum buying,” where algorithms and institutional traders pour money into the asset, fearing they will miss out on further gains.

2. The US Federal Reserve & Interest Rates

The Fed’s recent policy stance has been a primary catalyst. While they haven’t slashed rates aggressively, the acknowledgment that the “easing cycle” is active has weakened the US Dollar Index. A weaker dollar makes gold cheaper for buyers holding other currencies, increasing global demand.

3. Industrial “Silver Squeeze”

Silver is no longer just for jewelry. The explosion in Artificial Intelligence (AI) data centers and the global push for Solar Energy have created a massive requirement for silver’s high conductivity. With mining production remaining flat, the market is in a structural deficit, pushing prices toward the ₹4 lakh per kg mark in India.

4. Safe-Haven Demand Amidst Conflict

The geopolitical landscape in 2026 remains volatile. Whether it is trade fragmentation or regional tensions, investors are treating gold as a “Neutral Store of Value” that carries no counterparty risk—unlike fiat currencies or digital assets.

Investment Strategy: What Should You Do?

With prices at all-time highs, many retail investors are asking: “Is it too late to buy?”

Expert Insight: Analysts suggest that while the long-term trend remains bullish (with targets for gold nearing $6,000), the market is currently in an “overbought” zone. A short-term consolidation or minor pullback is possible.

• For Investors: Consider Gold ETFs or Sovereign Gold Bonds (SGBs) to avoid making charges and storage risks.

• For Jewelry Buyers: 22K gold is the standard for jewelry. With the current volatility, many are opting for 18K gold as a more affordable alternative for daily wear.

• Silver Outlook: Silver remains a high-risk, high-reward play. Its volatility is significantly higher than gold’s, so staggered investments (SIP style) are recommended.

Conclusion

Today’s price action marks a historic chapter in the bullion market. Gold at ₹1.78 lakh and silver at ₹4 lakh per kg were figures unthinkable just two years ago. As the world navigates through economic shifts and currency devaluations, the allure of precious metals as the ultimate wealth protector only grows stronger.

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