Gold crosses ₹1.5 lakh mark for the first time
The price of gold crossed ₹1.5 lakh today, January 21st, 2026. According to the India Bullion and Jewellers Association (IBJA), gold opened at ₹1,55,204 per 10 grams today. However, its price then fell slightly and closed at ₹1,54,227, an increase of ₹6,818. Gold has become ₹21,032 more expensive so far this year. Yesterday, it was at ₹1,47,409.
Meanwhile, 1 kg of silver opened at ₹3,20,075 per kg today. However, its price also decreased slightly and closed at ₹3,19,097, an increase of ₹9,752. Yesterday, it was at ₹3,09,345. Silver has become ₹88,677 more expensive in just 21 days this year. Gold and silver prices are at their all-time highs for the third consecutive day.
3 Major Reasons for the Rise in Gold Prices
Global Tensions and the ‘Greenland’ Dispute: US President Donald Trump’s insistence on acquiring Greenland and his threat of tariffs against European countries on this issue have increased instability in global markets. Whenever the threat of a trade war increases in the world, investors withdraw money from the stock market and move towards safe investments like gold.
Record Weakness of the Rupee: The price of gold in India depends not only on global rates but also on the dollar-rupee exchange rate. Today, the rupee is at an all-time low of ₹91.10 against the dollar. According to Jatin Trivedi of LKP Securities, due to the weakness of the rupee, the landing cost of internationally purchased gold has become very expensive in India, which has pushed domestic market prices above ₹1.5 lakh.
Heavy Buying by Central Banks: Central banks around the world (like India’s RBI) are increasing their gold reserves to secure their foreign exchange reserves. According to World Gold Council data, demand from central banks remains strong in early 2026 after record purchases in 2025, leading to higher prices due to limited supply and high demand.
