Gold prices rose on 1 January 2026, according to the India Bullion and Jewellers Association (IBJA) benchmark, while silver slipped in many local markets. For consumers planning purchases in the auspicious hours of the New Year, the latest rates and practical buying advice are essential.
India Gold Rate Today
On the morning of 1 January 2026, IBJA benchmark rates recorded 22-carat gold at ₹1,23,950 per 10 gram and 24-carat gold at ₹1,35,210 per 10 gram. Eighteen-carat jewellery was seen around ₹1,01,440 per 10 gram in several northern cities. Silver traded lower in many centres, with a common rate of ₹2,38,000 per kilogram in most major markets.
City-level variations continue to reflect local taxes and making charges. Key city rates (per 10 gram):
- 18K: Meerut, Jaipur, Delhi, Lucknow, Chandigarh ₹1,01,440; Indore, Bhopal, Ahmedabad ₹1,01,340; Mumbai, Kolkata, Hyderabad, Bengaluru ₹1,01,290; Chennai, Coimbatore ₹1,03,750.
- 22K: Meerut, Jaipur, Delhi, Lucknow, Chandigarh ₹1,23,950; Indore, Bhopal, Ahmedabad ₹1,23,850; Mumbai, Kolkata, Hyderabad, Bengaluru ₹1,23,800; Chennai, Coimbatore ₹1,24,400.
- 24K: Meerut, Jaipur, Delhi, Lucknow, Chandigarh ₹1,35,210; Indore, Bhopal, Ahmedabad ₹1,35,110; Mumbai, Kolkata, Hyderabad, Bengaluru ₹1,35,060; Chennai, Coimbatore ₹1,36,140.
Silver prices showed regional differences. Most cities including Delhi, Mumbai and Kolkata reported ₹2,38,000 per kg, while several South Indian centres such as Chennai, Madurai and Hyderabad quoted higher rates at around ₹2,56,000 per kg.
Market commentators point to familiar drivers behind the movement in precious metals. Global economic uncertainty, fluctuations in the US dollar, central bank activity and geopolitical developments influence international bullion prices. For domestic consumers, the rupee-dollar exchange rate, import duties, GST and local making charges determine retail prices.
Practical advice for buyers: check that jewellery carries the BIS hallmark and a unique HUID number that confirms purity. Typical hallmark marks are 999 for 24-carat, 958 for 23-carat, 916 for 22-carat, 875 for 21-carat and 750 for 18-carat. Remember that IBJA benchmark rates exclude GST, TCS and making charges, so final bills will be higher.
Shoppers should also consider the type of purchase. Twenty-four-carat bullion offers the highest purity but is soft for daily wear; 22-carat items are common for ornaments because alloys increase durability. Compare making charges across jewellers and verify the testing centre and jeweller credentials before completing a purchase.
Those planning purchases for New Year auspicious timings should confirm live rates with local jewellers, as markets may move intra-day and IBJA does not publish benchmark rates on weekends or government-declared holidays. For the most accurate outturn price, include GST, TCS and the jeweller’s making charge in the calculation.
In summary, 1 January opened with stronger gold benchmarks and mixed silver behaviour across India. Buyers should verify hallmarks, factor in additional taxes and charges, and consult trusted local jewellers for definitive rates before making a purchase.
Key Takeaways:
- India Gold Rate Today: 22K at ₹1,23,950 and 24K at ₹1,35,210 per 10g (IBJA benchmark, 1 January 2026).
- 18K prices vary by city, from ₹1,01,290 to ₹1,03,750 per 10g; silver near ₹2,38,000/kg in most cities.
- Price movements driven by global markets, dollar-rupee swings, import duties and local making charges.
- Buyers should check BIS hallmark HUID, purity marks and account for GST, TCS and making charges.
