Gold rises ₹3,182 to all-time-high of ₹1.55 lakh/10 gm:Becomes ₹21,000 expensive in 23 days; Silver increases by over ₹81,000/kg this year

Gold prices have reached an all-time high on Friday, January 23, 2026. According to the India Bullion and Jewelers Association (IBJA), gold has increased by Rs 3,182 to reach Rs 1,54,310 per 10 grams. Meanwhile, 1 kg of silver has increased by Rs 11,994 to reach Rs 3,11,705. Earlier on Thursday, it was at Rs 2,99,711. This year, in just 23 days, gold has become more expensive by Rs 21,115 per 10 gm and silver by Rs 81,285 per kg. 3 Major Reasons for Gold’s Rise 1. Global Tension and ‘Greenland’ Dispute: US President Donald Trump’s insistence on taking control of Greenland and his tariff threats to European countries over this issue have increased volatility in global markets. Whenever the threat of trade war increases in the world, investors pull money out of the stock market and rush towards safe investments like gold. 2. Record Weakness of Rupee: Gold prices in India depend not only on global rates but also on the dollar-rupee exchange rate. Today the rupee is at an all-time low of Rs 91.74 against the dollar. According to Jatin Trivedi of LKP Securities, due to the weakness of the rupee, the landing cost of gold purchased internationally has become very expensive in India, which has pushed domestic market prices above Rs 1.5 lakh. 3. Heavy Buying by Central Banks: Central banks worldwide (like India’s RBI) are increasing their gold stocks to secure their foreign exchange reserves. According to World Gold Council data, after record purchases in 2025, central banks’ demand remains strong in early 2026, causing prices to rise due to low supply and high demand. Gold could reach Rs 1.90 lakh
According to Research Head Dr. Renisha Chainani, if American tariffs and Middle East tensions increase further, gold could reach Rs 1,90,000 per 10 grams in 2026. Meanwhile, silver could reach Rs 4 lakh. Gold became 75% and silver 167% more expensive in 2025 Know 3 main reasons for the surge in silver Silver could reach Rs 4 lakh this year ​