Gold and silver prices declined on January 27, a day after touching record highs in the international market, as profit-taking weighed on prices globally, while domestic rates in India remained elevated.
Gold and silver had hit fresh records in the international market on January 26, but the upward momentum paused on Tuesday, January 27, 2026. Both metals came under pressure amid profit-booking in overseas markets.
On COMEX, gold slipped to $5,019.60 per ounce, while silver was trading at $106.99 per ounce. Market experts attributed the decline to profit-taking by investors following the sharp rise in the previous session.
According to market participants, the recent fall in gold and silver prices reflects short-term profit-booking after b gains over the past few sessions.
In India, on the Multi Commodity Exchange of India (MCX), gold had closed at ₹1,55,963 per 10 grams and silver at ₹3,34,600 per kilogram on Friday last week. Trading on MCX remained closed on Monday, January 26, due to the Republic Day holiday.
Market participants were watching the resumption of trading on Tuesday, with global cues remaining weak at the start of the session.
In the domestic physical market, the average price of 24-carat gold in India on January 27, 2026, was around ₹1,61,960 per 10 grams. Prices varied slightly across cities due to local taxes and making charges. Domestic gold prices continued to track international trends and movements in the rupee-dollar exchange rate.
In Delhi, 24-carat gold was priced at ₹1,62,110 per 10 grams, while 22-carat gold was trading at ₹1,48,610 per 10 grams. Silver in the national capital was quoted at ₹3,60,100 per kilogram.
In Mumbai, 22-carat gold was priced at ₹1,48,460 per 10 grams, while 24-carat gold remained at elevated levels. Silver in Mumbai was also trading around ₹3,60,100 per kilogram.
In Patna, the price of 18-carat gold stood at ₹1,21,520 per 10 grams, reflecting local demand and taxes. Silver prices in Patna were also around ₹3,60,100 per kilogram, in line with other major cities.
