Gold and silver returned to shine on Vasant Panchami, silver became costlier by Rs 8520 and gold by Rs 1860, check latest rates.
Gold-Silver Rate 23 Jan: On Friday (January 23), the last day of the trading week, a rise in gold prices was seen in the domestic futures market. Gold futures for February 5, 2026 expiry opened at Rs 1,58,889 per 10 grams on the Multi Commodity Exchange (MCX). It had closed at Rs 1,56,341 on the last trading day.
At around 10 am on January 23, the gold future for February 5 was trading at Rs 1,58,065, which shows an increase of about Rs 1,995 from the previous closing price. It reached a high of Rs 1,59,226 in early trade.
Silver also made a strong comeback
There was a rise in silver also. On MCX, the price of silver with expiry on March 5, 2026 was trading at Rs 3,34,835 per kg, which is about Rs 8,000 above the previous closing price. Silver reached Rs 3,39,927 in early trade.
Gold price in major cities (per 10 grams)
| City | 24 carat (₹/10 grams) | 22 carat (₹/10 grams) | 18 carat (₹/10 grams) |
|---|---|---|---|
| Delhi | 1,59,860 | 1,46,550 | 1,19,930 |
| Mumbai | 1,59,710 | 1,46,400 | 1,19,780 |
| Chennai | 1,59,820 | 1,46,500 | 1,22,200 |
| Kolkata | 1,59,710 | 1,46,400 | 1,19,780 |
| Ahmedabad | 1,59,760 | 1,46,450 | 1,19,830 |
| Lucknow | 1,59,860 | 1,46,550 | 1,19,930 |
| Patna | 1,59,760 | 1,46,450 | 1,19,830 |
| Hyderabad | 1,59,710 | 1,46,400 | 1,19,780 |
Also read: Share market started smoothly: Sensex opened at 82335 and Nifty at 25344, rise from global cues.
How did the rise come after the decline?
Recently, a one-day decline in the prices of gold and silver was also seen. The reason for this was the US President adopting a soft stance on tariffs on Greenland and European countries, due to which investors started taking risks and the demand for safe investments decreased. But now due to strong US economic data, weak dollar and ongoing geopolitical tension, gold and silver have returned to their highs again.
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