Gold prices today, January 24: Check rates in Mumbai, Delhi and other cities

Gold prices edged higher in early trade on Saturday with the price of 24carat gold rising by Rs 10 to Rs 157160 per 10 grams according to official data Silver prices also firmed up gaining Rs 100 to trade at Rs 340100 per kilogramThe price of 22carat gold increased by Rs 10 as well with 10 grams of the metal selling at Rs 144060Regionwise the price of 10 grams of 24carat gold stood at Rs 157160 in Mumbai and Kolkata while it was higher at Rs 158740 in Chennai In Delhi 24carat gold was priced at Rs 157310 per 10 gramsFor 22carat gold the price in Mumbai was Rs 144060 per 10 grams the same as in Kolkata Bengaluru and Hyderabad Chennai recorded a higher price of Rs 145510 while Delhi saw 22carat gold trading at Rs 144210 per 10 gramsSilver prices remained uniform across several major markets with one kilogram priced at Rs 340100 in Delhi Kolkata and Mumbai In Chennai silver was costlier at Rs 345100 per kilogramSilvers exceptional 200 pc rally boosts near term case for gold ReportMeanwhile silverrsquos exceptional rally of over 200 per cent in the last 12 months sharply outperforming goldrsquos 80 per cent surge has created a condition in favour of yellow metal in the near term a new report has saidThe report from Motilal Oswal Financial Services Ltd MOFSL said that the current goldndashsilver ratio favours the yellow metal after silverrsquos outsized runThe sharp outperformance of silver over has led to a significant compression in the goldndashsilver ratio which has fallen from pandemic highs of 127 to around 50 at the start of 2026 the report mentionedThis reset suggests that while the longterm outlook for precious metals remains constructive the nearterm riskreward equation may now be shifting in favour of gold after silverrsquos outsized runSilver showed more volatility with sharper price swings while gold continues to offer relatively better stabilitymdashmaking it a preferred nearterm hedge in uncertain market conditions the report saidSilvers sharp surge of over 200 per cent from Rs 60000 to Rs 320000 could lead to a phase of consolidation at elevated levels or rebalancing by market participants becomes more likelyThe brokerage emphasised that the view is not a negative call on silver but a riskmanaged reallocation strategy after an aggressive up moveGlobal silver ETFs saw outflows of over 3 million ounces in 2026 while gold ETFs experienced comparatively steadier inflowsGlobal liquidity is expanding the report said citing an increase of money supply in the US and China with the latters money supply growing over 8 per cent YoY mdash conditions that historically boost demand for safehaven assets such as goldWith inputs from Agencies