Updated on: Feb 02, 2026 4:23:41 PM IST
Gold, silver rate today LIVE updates: Prices remain low days after big crash.
Gold, Silver Rates Today Live Updates: Gold and silver prices again saw volatility on Monday, days after rates first crashed following record-highs earlier this month. The prices came amid mixed trading conditions, with spot gold edging lower while US gold futures moved higher. Silver prices are also seeing similar volatility, causing panic among those who bought into the precious metal highs.
After Union Finance Minister Nirmala Sitharaman presented the Budget 2026 on Sunday, there was a drop of 3 % in gold prices and 9 % in silver prices.
24-carat MCX prices fall on Budget day
24-carat gold on MCX fell to ₹1,36,185 per 10 grams, down from an opening price of ₹1,46,800 per 10 grams on Sunday, the day of the Union Budget 2026, showing heavy selling and sharp price swings during the session, as per Groww.
What is the difference between 22K and 24K gold?
K or karats is a term used to measure the purity of gold. In simple words, 24K gold is also called pure gold and has 99.9 per cent purity. It does not contain traces of other metals. On the other hand, 22K gold comprises 22 parts of gold mixed with two parts of other metals like copper and zinc. It is harder than 24K gold due to presence of other metals. It is suited for making jewellery.
K or karats is a term used to measure the purity of gold. In simple words, 24K gold is also called pure gold and has 99.9 per cent purity. It does not contain traces of other metals. On the other hand, 22K gold comprises 22 parts of gold mixed with two parts of other metals like copper and zinc. It is harder than 24K gold due to presence of other metals. It is suited for making jewellery.
How are gold prices determined in India?
Gold prices in India are determined on several factors, including currency, global demand, interest rates and government policies. If the rupee slides against the US dollar in India, gold will become expensive.
What are the factors affecting silver price in India?
In India, the price of silver is determined by factors like gold rates, industrial demand, bulk purchases, inflation etc.If the price of gold increases, the silver price will also increase. The industrial firms use silver for production of various commodities like jewellery, coins, medals etc.Also, it is easier to influence the silver market through large trades and purchases.
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After Union Finance Minister Nirmala Sitharaman presented the Budget 2026 on Sunday, there was a drop of 3 % in gold prices and 9 % in silver prices.
24-carat MCX prices fall on Budget day
24-carat gold on MCX fell to ₹1,36,185 per 10 grams, down from an opening price of ₹1,46,800 per 10 grams on Sunday, the day of the Union Budget 2026, showing heavy selling and sharp price swings during the session, as per Groww.
What is the difference between 22K and 24K gold?
K or karats is a term used to measure the purity of gold. In simple words, 24K gold is also called pure gold and has 99.9 per cent purity. It does not contain traces of other metals. On the other hand, 22K gold comprises 22 parts of gold mixed with two parts of other metals like copper and zinc. It is harder than 24K gold due to presence of other metals. It is suited for making jewellery.
K or karats is a term used to measure the purity of gold. In simple words, 24K gold is also called pure gold and has 99.9 per cent purity. It does not contain traces of other metals. On the other hand, 22K gold comprises 22 parts of gold mixed with two parts of other metals like copper and zinc. It is harder than 24K gold due to presence of other metals. It is suited for making jewellery.
How are gold prices determined in India?
Gold prices in India are determined on several factors, including currency, global demand, interest rates and government policies. If the rupee slides against the US dollar in India, gold will become expensive.
What are the factors affecting silver price in India?
In India, the price of silver is determined by factors like gold rates, industrial demand, bulk purchases, inflation etc.If the price of gold increases, the silver price will also increase. The industrial firms use silver for production of various commodities like jewellery, coins, medals etc.Also, it is easier to influence the silver market through large trades and purchases.
Follow all the updates here:
Feb 02, 2026 4:23:41 PM IST
Gold, silver rate LIVE updates: Nirmala Sitharaman says volatility due to global uncertainty
Finance Minister Nirmala Sitharaman said on Monday that volatility in gold prices stems from global uncertainty, suggesting investors do not have confidence in any particular currency.
Feb 02, 2026 3:51:07 PM IST
Gold, silver rate LIVE updates: How global shares are being affected by precious metal prices?
Global shares fell on Monday, as a sudden, massive selloff in precious metals forced investors to ditch other assets to cover any losses, right ahead of a week packed with corporate earnings, central bank meetings and major economic data.
Silver was headed for its biggest two-day loss since at least the 1980s, falling another 7% on top of Friday’s 30% plunge. Dealers said pressure on a number of silver futures funds in China added to the rout late last week, which was exacerbated on Monday by the CME raising margins on a number of futures contracts, including silver and gold.
Oil prices also fell more than 4% as President Donald Trump said over the weekend Iran was “seriously talking” with Washington, perhaps lessening the risk of a U.S. military strike on the country.
Feb 02, 2026 3:35:04 PM IST
Gold, silver rate LIVE updates: MCX gold above ₹1.47 lakh
After hitting an intraday low of ₹1,37,065 per 10 gm levels, the precious yellow metal witnessed strong buying. This led to a sharp rise in MCX gold rates, which crossed above the ₹1,45,000 level. At 3:15 PM, the MCX gold rate for April futures was quoted at ₹1,47,500 per 10 gm.
Feb 02, 2026 3:26:34 PM IST
Gold, silver rate LIVE updates: Yellow metal price in Chandigarh
In Chandigarh, 24-carat gold is priced at ₹15,168 per gram, 22-carat gold at ₹13,905 per gram and 18-carat gold at ₹11,380 per gram, Good Returns said.
Feb 02, 2026 3:21:08 PM IST
Gold, silver rate LIVE updates: What are the current prices in India?
As of today in India, the price of 24 karat gold stands at ₹1,47,170 per 10 grams, while 22 karat gold is priced at ₹1,34,900 per 10 grams. Meanwhile, 18 karat gold, also referred to as 999 gold, costs ₹1,10,380 per 10 grams.
The price of silver in India today is ₹3000 per 10 grams and ₹3,00,000 per kilogram.
Feb 02, 2026 3:15:00 PM IST
Gold, silver rate LIVE updates: Prices bounce back a bit globally
Gold and silver prices bounced back from the lower levels in the international market. The COMEX gold is back above $4,600 per ounce, whereas the COMEX silver price is near $79 per ounce.
Feb 02, 2026 3:07:14 PM IST
Gold, silver rate LIVE updates: Why is Gold and Silver plummeting globally?
The silver price had more than doubled in six weeks to a record $121.64 an ounce on January 29, in an unprecedented rally fuelled by investor appetite for non-dollar assets and retail traders’ enthusiasm for juicy returns, amid a global shortage of physical metal relative to demand.
“There’s been a massive retail frenzy getting into these markets; we’ve had record turnover in options markets related to silver products,” Ole Hansen, head of commodity strategy at Saxo Bank, said. Hansen added that anyone selling options that give the holder the right to buy silver would have had to own a long position in the silver themselves, in some form.
“Once the market suddenly flips around you, you’re left with a massive need to get out of it in a hurry because the reason for holding (that position) has disappeared,” he said.
Spot gold, which had also hit a record $5,594.82 an ounce last week, was down 5%. A lot of the pressure has come from the Chinese commodities market, where trading in silver futures had to be suspended due to extreme volatility.
The knock-on effect on Asian equities led MSCI’s broadest index of Asia-Pacific shares outside Japan to drop nearly 3%, while Japan’s Nikkei fell 1.3% ahead of Sunday’s lower house election.
Nerves in the broader stock market, as evidenced by another spike in the VIX volatility index, were already running high ahead of earnings this week from the likes of Alphabet, Amazon and AMD, as investors wait to see if the billions pouring into artificial intelligence will start to yield returns.
(Reuters)
Feb 02, 2026 2:40:12 PM IST
Gold, silver rate LIVE updates: Why should you invest in gold?
Gold, silver rate LIVE updates:Gold is considered as a safe and reliable mode of investment. It acts as an excellent hedge against inflation. It is also an excellent portfolio diversifier
Feb 02, 2026 2:27:33 PM IST
Gold, silver rate LIVE updates: How do returns of real estate, silver and gold differ?
Gold, silver rate LIVE updates: Returns across real estate, silver and gold depend on timing, market conditions and asset selection. “In real estate, rental income and capital appreciation vary widely by location, while commodity returns fluctuate with demand and investor sentiment,” says Abhishek Kumar, a Securities and Exchange Board of India (Sebi)-registered investment advisor and founder and chief investment advisor at SahajMoney.
Branded or high-quality assets in any category tend to perform better. Overall, diversification across these asset classes, aligned with personal financial goals, remains key to a balanced investment strategy.
Feb 02, 2026 2:26:53 PM IST
Gold, silver rate LIVE updates: What drives gold and silver prices?
- Gold and silver are commodities largely driven by supply and demand dynamics.
- Silver’s demand is strongly supported by its industrial uses, while gold serves as a hedge during periods of global market uncertainty.
- Even in economic downturns, gold tends to retain value and is widely regarded as a reliable store of wealth.
Feb 02, 2026 2:21:43 PM IST
Gold, silver rate LIVE updates: Graph of Silver price
Gold, silver rate LIVE updates:
Feb 02, 2026 2:18:54 PM IST
Gold, silver rate LIVE updates:Why should you invest in gold?
Gold, silver rate LIVE updates:Gold is considered as a safe and reliable mode of investment. It acts as an excellent hedge against inflation. It is also an excellent portfolio diversifier
Feb 02, 2026 2:17:30 PM IST
Gold, silver rate LIVE updates: What is the gold price in Mumbai?
Gold, silver rate LIVE updates: The 24-carat gold price in Mumbai today is ₹1,60,710 per 10 grams.
Feb 02, 2026 1:21:25 PM IST
Gold, Silver Rate Today LIVE: Does India import gold?
Gold, Silver Rate Today LIVE: India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. In volume terms, the country imports 800-900 tonne of gold annually.
Feb 02, 2026 12:55:06 PM IST
MCX Gold, Silver Rate Today LIVE: 24-carat MCX prices fall on Budget day
MCX Gold, Silver Rate Today LIVE: 24-carat gold on MCX fell to ₹1,36,185 per 10 grams, down from an opening price of ₹1,46,800 per 10 grams on Sunday, the day of the Union Budget 2026, showing heavy selling and sharp price swings during the session, as per Groww.
Feb 02, 2026 12:45:54 PM IST
Chennai Gold Rate Today LIVE Updates: Price of gold in Chennai today
Chennai Gold Rate Today LIVE Updates: The 24-carat gold price in Chennai today stands at ₹1,62,650 per 10 grams.
Feb 02, 2026 12:24:34 PM IST
Gold, Silver Rate Today Live Updates: Who is responsible for hallmarking gold in India?
Gold, Silver Rate Today Live Updates: It is the official marking of precious metals by the Bureau of Indian Standards. It is the guarantee of a metal’s fineness or purity.Its main objective is to protect the buyer from adulteration and also obligate the manufacturers to ensure legal standards of fineness.
Feb 02, 2026 12:13:47 PM IST
Gold, silver rate LIVE updates: All you need to know about Gold
- Gold is a precious metal and is considered an attractive investment option. The gold prices in India fluctuate as per market situation and are keenly monitored during the time of trading.
- There are two types of gold traded in India, i.e, 24K and 22K. The first one is considered the purest form of gold with a purity of 99.99 per cent. It is too soft to be moulded into jewellery. On the other hand, 22k gold is basically 22 parts of gold and two other metals like copper and zinc. It is used to make jewellery.
- India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. In volume terms, the country imports 800-900 tonne of gold annually.
- The price of gold depends on several factors including currency, global developments, interest rates etc. If the rupee weakens against US dollar, the price of gold will go up. Gold price is also dependent on international factors like global economic growth, volatile policies and interest rates.
- In Indian cities, gold prices depend on various factors like demand, state taxes, octroi, interest levied etc. Gold can be bought in the form of bars, coins and jewellery. The investment options include physical gold, exchange trade funds and sovereign bonds.
- Currently, the import duty on gold in India stands at ten per cent. The central government keeps on changing the import duty depending on the need to curb imports.
- Gold is considered as a safe investment tool. It also acts as an excellent hedge against inflation. Amid the geopolitical situation, people have now turned to gold as a safe investment tool.
- In India, gold is officially marked by the Bureau of Indian Standards. It is called hallmarking and acts as a guarantee of the precious metal’s purity. It protects the buyer from adulteration of gold.
Feb 02, 2026 11:59:51 AM IST
Gold, silver rate LIVE updates: What does KDM gold mean?
Gold, silver rate LIVE updates: It is an alloy of 92 per cent gold and eight per cent of Cadmium. Although it is considered a high purity gold, but it has not been verified by BIS.
Feb 02, 2026 11:46:25 AM IST
Gold, silver rate LIVE updates: What is the gold price in Mumbai?
Gold, silver rate LIVE updates: The 24-carat gold price in Mumbai today is ₹1,60,710 per 10 grams.
Feb 02, 2026 11:29:16 AM IST
Gold, silver rate LIVE updates: What are gold prices in Faridabad?
Gold, silver rate LIVE updates: Gold prices in Faridabad today are ₹1,60,910 per 10 grams for 24-carat gold and ₹1,47,530 per 10 grams for 22-carat gold.
Feb 02, 2026 10:38:06 AM IST
Gold, silver rate LIVE updates: Gold Price in Mumbai today
Gold, silver rate LIVE updates: Gold prices in Mumbai are at ₹1,60,710 per 10 grams for 24-carat gold.
Feb 02, 2026 10:37:03 AM IST
Gold, silver rate LIVE updates: ‘Sona chandi ka dam’ in Delhi today
Gold, silver rate LIVE updates: Gold prices in Delhi are at ₹1,60,850 per 10 grams for 24-carat gold.
Feb 02, 2026 10:25:12 AM IST
Gold, silver rate LIVE updates: Why the metals rose and then fell
Gold, silver rate LIVE updates: Gold has long been seen as a classic safe haven — an asset investors turn to when they want to protect their savings from financial uncertainty.
With global geopolitical tensions escalating, trade war threats resurfacing, uncertainty over the future path of interest rates, and signs of a shifting world order, investors have been gravitating towards assets perceived as stable amid growing volatility, according to a report by Conversation UK.
The dip in gold and silver prices on Friday was triggered by financial markets reacting to early reports of former US president Donald Trump nominating Kevin Warsh as chair of the US Federal Reserve, an institution central to global financial stability.
At the same time, central banks across the world have been buying gold at an accelerated pace, reinforcing its status as a store of value during periods of uncertainty.
Market movements, however, have not been driven by institutions alone.
Retail investors, individuals trading in smaller quantities, have also played a significant role globally, the report added.
Feb 02, 2026 10:23:30 AM IST
Gold, silver rate LIVE updates: What’s happening to gold and silver rates?
Gold, silver rate LIVE updates: Gold and silver experienced a significant correction on Friday as prices of gold with 99.9 per cent purity reportedly plunged by ₹14,000 per 10 grams, and silver tumbled by ₹20,000 per kilogram.
The big crash after a record high in prices of the precious metals was largely attributed to investors aggressively trying to book profits that day.
Gold prices in the national capital have been trending upward since the start of the year, largely driven by weakness in equity markets, which pushed investors towards safer assets like gold.
The situation largely remained the same on Saturday. However, globally silver prices tanked about 35 per cent below their record high of $121.755 per ounce.