Gold Rate In India Edge Lower Again on Jan 3; Check Today’s 24K & 22K Prices; Silver Also Trades Weak

After two consecutive sessions of rise, where gold prices in India jumped by nearly Rs.12000 per 100 grams for 24-carat gold, the yellow metal has once again undergone a drop. The rise in demand for gold jewelry at the beginning of new year 2026 pushed both precious metals prices higher. Following gold's path silver prices in India have undergone a correction today. Despite today's decline the silver prices In India are near the record high and are now becoming increasingly expensive, putting additional pressure on buyers in the bullion and jewellery markets.

Gold prices in India

On 3rd January, the 24-carat gold rate in India fell by Rs. 380 and is priced at Rs. 1,35,820 per 10 grams and Rs. 13,58,200 per 100 grams of yellow metal.

Similarly, 10 grams of 22k yellow metal are currently priced at Rs.1,24,500 after slipping by Rs.350 and 100 grams of 22K gold cost Rs. 12,45,000.

Just like the 18-carat gold rates in India today cost Rs. 1,01,870 per 10 grams, which jumped by Rs. 280, while 100 g costs Rs. 10,18,700.

Silver rates in India today

Silver prices in India today fell and are currently trading at Rs. 2,40,000 per kg, after falling by Rs. 2000. While 100g of silver in India cost Rs. 24,000.

MCX Gold and Silver Futures Update

On the Multi Commodity Exchange (MCX), gold futures, slated to mature on 5th February, ended Friday's trading at Rs.1,35,752 per 10 grams, after falling 0.04%. Similarly, Silver futures which are expiring on March 5th settled at 2,36,599 after a rise of 0.31%.

International Spot Gold and Silver Prices Update

Reuters In its report, it said, "Spot gold was steady at $4,313.29 per ounce, as of 01:46 p.m. ET, (1846 GMT), after rising as high as $4,402.06 earlier in the session. U.S. gold futures for February delivery settled 0.3% lower at $4,329.6/oz. Spot silver advanced 0.7% to $71.77/oz."

Outlook for Gold and Silver Prices

"Gold prices moved higher in the previous session, supported by strong safe-haven demand amid rising geopolitical tensions and expectations of US interest rate cuts. On the technical front, MCX Gold has witnessed its first major Dip in the recent past. In Monday's session, it showed initial signs of weakness, forming a tweezer top candlestick pattern on the daily chart. It now trades near its crucial momentum 20 DEMA line support zone. Any cut below the 20 DEMA line can invite more selling. Traders can use any bounce to pare long positions and wait for momentum to regain strength. Immediate Resistance is placed at 136350, while the support is seen at 134300. " as per the Way to Wealth Report.

Check City-Wise Gold Rates Today

Here's the latest city-wise update on 22-carat and 24-carat gold rates on January 3rd.

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