New Delhi, India — January 27, 2026
Gold and silver prices witnessed a sharp correction in the international market on Tuesday as profit booking emerged after recent record highs. Silver led the decline with a steep fall of over 7 percent, while gold slipped more than 1 percent, although it continued to trade above the key $5,000 per ounce level.
Gold, Silver Fall in Global Markets
In the international market, gold prices weakened on the COMEX exchange, falling 1.16 percent to $5,023.60 per ounce. Despite the decline, gold managed to hold above the psychologically important $5,000 mark, indicating continued investor interest at lower levels.
Silver prices faced heavier selling pressure. On COMEX, silver plunged 6.41 percent to $108.095 per ounce. Earlier in the session, silver had surged to a record high of $117.71 per ounce, but intense selling soon followed, triggering a sharp correction.
Market experts attributed the fall primarily to profit booking after a strong rally, as investors locked in gains following unprecedented highs in bullion prices.
🇮🇳 Gold and Silver Prices in India Today
Despite weakness in global markets, domestic bullion prices in India remained elevated.
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24-carat gold: ₹1,61,960 per 10 grams
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Silver (1 kg): ₹3,60,100
City-Wise Gold Prices
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Delhi
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24-carat gold: ₹1,62,110 per 10 grams
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22-carat gold: ₹1,48,610 per 10 grams
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Mumbai
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22-carat gold: ₹1,48,460 per 10 grams
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Patna
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18-carat gold: ₹1,21,520 per 10 grams
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Silver prices in Delhi, Mumbai, and Patna stood at ₹3,60,100 per kilogram.
🧠 What Do Experts Say?
According to market experts, gold prices have surged nearly 17 percent so far this year. The rally has been driven by investors moving away from government bonds and currencies, a weaker US dollar, and rising geopolitical risks.
This trend is often referred to as the “debasement trade.” It reflects investor concerns over potential currency devaluation and declining purchasing power, prompting them to shift capital into hard assets such as gold and silver to preserve value.
Experts note that during periods of economic or geopolitical uncertainty, investors typically reduce exposure to riskier assets like equities and increase allocations to safe-haven assets, including precious metals.
📈 Will the Rally Continue?
Analysts believe that gold and silver prices may continue to rise in the medium to long term if global economic uncertainty, dollar weakness, and geopolitical tensions persist. However, they caution that intermittent corrections due to profit booking or a stronger dollar cannot be ruled out.
Market participants are advised to stay alert to global cues, central bank signals, and currency movements, which will continue to influence bullion prices.
