Gold and silver prices in India attracted investor attention on 2 January 2026 as small regional variations emerged across major cities. The benchmark 24-carat gold price stood at ₹13,507 per gram while 22-carat traded at ₹12,381 per gram and 18-carat at ₹10,130 per gram.
Gold rates in India
For ten-gram purchases, Mumbai, Pune and Hyderabad reported identical rates: 22-carat at ₹1,23,810, 24-carat at ₹1,35,070 and 18-carat at ₹1,01,300. Similar pricing was recorded in Kerala and Kolkata, and in Nagpur and Chennai.
Delhi and Chandigarh showed marginally higher ten-gram rates, with 22-carat at ₹1,23,960, 24-carat at ₹1,35,220 and 18-carat at ₹1,01,450. Jaipur and Lucknow matched Delhi’s pricing. Nashik recorded 22-carat at ₹1,23,840, 24-carat at ₹1,35,100 and 18-carat at ₹1,01,330. Surat’s ten-gram rates were 22-carat at ₹1,23,860, 24-carat at ₹1,35,120 and 18-carat at ₹1,01,350.
Silver traded at ₹237.90 per gram, or ₹2,37,900 per kilogram on the same day. These quoted rates are indicative and can shift through the trading session as international cues evolve.
Price movements in the precious metals market typically reflect global factors such as currency fluctuations, bond yields and investor demand for safe-haven assets. Domestic elements including local demand, jewellers’ premiums and regional taxes can produce small differences between cities.
Buyers should note that the published rates do not include GST, TCS or any other levies. Final purchase prices will depend on the seller’s making charges and local taxes. For accurate, transaction-ready figures contact your local jeweller before committing to a purchase.
For investors, short-term traders and consumers considering a purchase for festivals or investment, it is prudent to compare rates across reputable dealers. Monitoring international markets overnight can also help anticipate intraday moves in India’s quoted rates.
In summary, the opening days of the year showed steady pricing in many cities with slight premiums in some northern centres. Silver remains an affordable alternative at roughly ₹238 per gram, while gold continues to attract attention from investors seeking portfolio diversification.
Image credit: Provided image for gold rates on 2 January 2026. Always verify live rates with licensed local dealers before trading.
Key Takeaways:
- Gold rates in India on 2 January 2026: 24-carat at ₹13,507 per gram; 22-carat at ₹12,381 per gram; 18-carat at ₹10,130 per gram.
- Ten-gram prices vary by city, with Delhi and Chandigarh slightly higher than Mumbai, Pune and Hyderabad.
- Silver is quoted at ₹237.90 per gram (₹2,37,900 per kg); taxes such as GST and TCS are not included in the listed rates.
- Investors should check local jewellers for final rates and consider global market drivers before buying.
