Gold and silver rates today in India: Prices see historic plunge post Budget on Feb 2
Gold and silver prices in India experienced a sharp correction on February 2, 2026, as bullion markets reacted to weak global cues and profit-booking. Gold, which had reached record highs in recent weeks, saw a steep decline, raising concerns among investors and retail buyers.
On Monday, 24-carat gold was trading at ₹15,218 per gram, 22-carat at ₹13,950 per gram and 18-carat gold at ₹12,000 per gram.
MCX volatility:
Gold futures on the Multi Commodity Exchange (MCX) experienced significant volatility over the past three sessions. The metal opened Sunday at ₹1,46,800 per 10 grams, dropped to ₹1,36,185, and later recovered slightly to close near ₹1,43,000 per 10 grams.
Global markets pressure:
International markets also contributed to the fall in domestic prices. On Comex, gold tumbled $609.70 per ounce, down 11.39% to $4,745.10. Spot gold faced selling pressure amid profit-booking and a stronger US dollar.
City-wise gold rates today (₹ per gram)
| City | 24K Gold | 22K Gold | 18K Gold |
|---|---|---|---|
| Chennai | 15,218 | 13,950 | 12,000 |
| Mumbai | 15,153 | 13,890 | 11,365 |
| Delhi | 15,168 | 13,905 | 11,380 |
| Kolkata | 15,153 | 13,890 | 11,365 |
| Bangalore | 15,153 | 13,890 | 11,365 |
| Hyderabad | 15,153 | 13,890 | 11,365 |
| Kerala | 15,153 | 13,890 | 11,365 |
| Pune | 15,153 | 13,890 | 11,365 |
| Vadodara | 15,158 | 13,895 | 11,370 |
| Ahmedabad | 15,158 | 13,895 | 11,370 |
| Jaipur | 15,168 | 13,905 | 11,380 |
| Lucknow | 15,168 | 13,905 | 11,380 |
| Coimbatore | 15,218 | 13,950 | 12,000 |
| Madurai | 15,218 | 13,950 | 12,000 |
| Vijayawada | 15,153 | 13,890 | 11,365 |
| Patna | 15,158 | 13,895 | 11,370 |
| Nagpur | 15,153 | 13,890 | 11,365 |
| Chandigarh | 15,168 | 13,905 | 11,380 |
| Surat | 15,158 | 13,895 | 11,370 |
| Bhubaneswar | 15,153 | 13,890 | 11,365 |
Silver Prices Today:
Silver traded at ₹300 per gram and ₹3,00,000 per kilogram in India. Prices fluctuate based on international silver rates and the rupee-dollar exchange rate. A weaker rupee against a stable dollar can push silver prices higher.
Silver rates today in major cities
| City | 10g Silver | 100g Silver | 1kg Silver |
|---|---|---|---|
| Chennai | 3,000 | 30,000 | 3,00,000 |
| Mumbai | 3,000 | 30,000 | 3,00,000 |
| Delhi | 3,000 | 30,000 | 3,00,000 |
| Kolkata | 3,000 | 30,000 | 3,00,000 |
| Bangalore | 3,000 | 30,000 | 3,00,000 |
| Hyderabad | 3,000 | 30,000 | 3,00,000 |
| Kerala | 3,000 | 30,000 | 3,00,000 |
| Pune | 3,000 | 30,000 | 3,00,000 |
| Vadodara | 3,000 | 30,000 | 3,00,000 |
| Ahmedabad | 3,000 | 30,000 | 3,00,000 |
| Jaipur | 3,499 | 34,990 | 3,49,900 |
| Lucknow | 3,499 | 34,990 | 3,49,900 |
| Coimbatore | 3,199 | 31,990 | 3,19,900 |
| Madurai | 3,199 | 31,990 | 3,19,900 |
| Vijayawada | 3,199 | 31,990 | 3,19,900 |
| Patna | 3,499 | 34,990 | 3,49,900 |
| Nagpur | 3,499 | 34,990 | 3,49,900 |
| Chandigarh | 3,499 | 34,990 | 3,49,900 |
| Surat | 3,499 | 34,990 | 3,49,900 |
| Bhubaneswar | 3,199 | 31,990 | 3,19,900 |