Gold prices today, January 19: Check rates in Mumbai, Delhi and other cities

Gold prices edged lower in early trade on Monday with 24carat gold slipping by Rs 10 to Rs 143770 per 10 grams according to official data Silver prices also declined falling Rs 100 to Rs 294900 per kilogramThe price of 22carat gold eased by Rs 10 to Rs 131790 per 10 gramsAcross major cities 24carat gold was priced at Rs 143770 per 10 grams in Mumbai and Kolkata while Chennai recorded a higher rate of Rs 144860 In Delhi the price stood at Rs 143920 per 10 gramsFor 22carat gold rates in Mumbai Kolkata Bengaluru and Hyderabad were uniform at Rs 131790 per 10 grams while Chennai saw a higher price of Rs 132790 In Delhi 22carat gold was priced at Rs 131940 per 10 gramsSilver prices remained consistent across key markets with one kilogram selling at Rs 294900 in Delhi Kolkata and MumbaiSilver prices jump 22 per cent in January near Rs 3 lakh markMeanwhile Silver prices have continued their remarkable rally rising another 22 per cent in January so far strengthening investor interest and keeping the white metal firmly in focus The sharp surge has helped silver emerge as the top performer among major asset classes supported by strong demand and multiple positive global factorsAfter an extraordinary 170 per cent rise earlier MCX silver prices have maintained strong momentum this monthFrom the April close of Rs 95917 silver has climbed nearly 200 per cent to settle at Rs 287762 on Friday a performance usually associated with multibagger stocks rather than commoditiesPrices have also touched fresh record highs with the latest peak of Rs 292960 recorded last weekAs silver surged past earlier expectations much faster than anticipated analysts have been quick to revise their targets upwardLast year domestic brokerages had projected silver prices at around Rs 110000 by the end of the year but those levels were crossed well before the midpointThe rally did not stop there with prices going on to hit Rs 254000 more than doubling earlier estimatesAs these aboveground reserves shrink holders of physical silver are demanding higher prices further pushing rates upwardAt the beginning of 2025 silver was largely overlooked by investors with few expecting it to deliver such a sharp rally amid ongoing economic uncertainty and geopolitical tensionsAdding to the bullish sentiment is a shift in global central bank behaviour After accumulating significant quantities of gold over the past three years central banks are now reported to be adding silver to their reserves as wellThis trend has provided additional support to prices keeping MCX silver close to the Rs 3 lakh levelWith the latest close of Rs 287762 silver is now just about 42 per cent away from crossing the Rs 3 lakh milestone