Precious metals hit record highs in India and globally on Monday as traders sought safe-haven assets amid rising geopolitical tensions and market uncertainty. Both gold and silver have seen sharp gains across Indian city markets.

📈 Record high commodity movement

  • On MCX, silver futures surged to an all-time high, rising by over ₹10,000 per kg.
  • Gold prices also jumped sharply, with domestic and international benchmarks hitting multi-year peaks.

Note: Official daily city-wise bullion market rates (physical) are typically published by local bullion associations or exchange sources — here we’re indicating the market trend and record performance as of today’s session.

📍 Indicative gold & silver scenario (January 12, 2026)

Gold (MCX benchmark)
• Live gold price trend (10 g 24K)*: ~₹1,38,800 – ₹1,39,500 (per 10 g) as markets opened early session based on MCX data.

Silver (MCX benchmark)
• Live silver price trend (per kg)*: ~₹2,52,000 – ₹2,56,000, sharply elevated as markets reacted to safe-haven demand.

* These represent early live exchange rates — actual physical market prices in individual cities may vary with local taxes, making and other charges.

📍 What’s driving the surge?

Geopolitical tensions & global markets
• Gold broke above $4,600 per ounce on international markets reflecting increased safe-haven buying, pulling domestic prices higher.
• Silver also jumped strongly, supported by both investment demand and industrial considerations.

Safe-haven appeal
Investors often turn to gold and silver when uncertainties rise, such as global conflicts or financial turbulence, pushing bullion prices upward.

💡 City-wise estimates (Indicative trends)

While specific physical city rates for January 12 are still being published locally, recent bullion trends (late December) showed:

  • Delhi, Mumbai, Chennai, Hyderabad: 24K gold around ₹1.38 – ₹1.40 lakh per 10 g (late Dec 2025).
  • Silver: generally above ₹2.30 – ₹2.40 lakh per kg in major markets.

Given continued upward momentum, rates on January 12 are likely at or above these benchmark levels.

Tips for buyers & investors

✔ Physical gold/silver prices can differ from MCX futures due to local taxes and making charges.
✔ Compare rates at trusted retailers before buying jewellery or bullion.
✔ Follow exchange rate movements and bullion market briefs for live updates.