As of February 1, 2026, local demand, shifting exchange rates, and worldwide trends continue to have an impact on gold and silver prices in India. Indian culture and the economy continue to heavily rely on precious metals like gold and silver, especially for financial purposes and during festivals and weddings. The current prices of gold and silver are broken down here.
Although Indian gold and silver prices have decreased from their all time highs earlier this week, they are still high enough to keep purchasers interested in every development leading up to the Union Budget.
Investors who view dips as potential entry points have not lost interest despite the downturn cooling the enthusiasm.
After reaching an intraday lifetime high of about Rs 1.80 lakh on January 29, MCX gold February futures are currently trading close to Rs 1.69 lakh per 10 grams. Before prices stabilized, the quick correction caused some contracts to drop significantly.
Silver has experienced a more gradual decline. Although MCX March silver futures have decreased from about Rs 4.08 lakh per kg to about Rs 4.05 lakh, they are still much higher than they were at the beginning of January.
Gold Prices on February 1, 2026
Due to inflationary pressures and worldwide demand, gold prices in India have somewhat increased as of right now. 22K gold, which contains 91.67% pure gold and is frequently used in jewelry, costs Rs 14,720 per gram, but 24K gold, also known as 999 pure gold, costs Rs 16,058 per gram.
India’s gold prices are impacted by a number of factors, such as the global gold price and the U.S. demand for domestic jewelry, especially in advance of the holiday season, and the dollar exchange rate. These variables frequently result in price variations for Indian consumers.
Gold Prices in Delhi
The current price of 24K gold in Delhi is Rs 16,073 per gram
The current price of 22K gold in Delhi is Rs 14,735 per gram
Gold Prices in Mumbai
The current price of 24K gold in Mumbai is Rs 16,058 per gram
The current price of 22K gold in Mumbai is Rs 14,720 per gram
Gold Prices in Kolkata
The current price of 24K gold in Kolkata is Rs 16,058 per gram
The current price of 22K gold in Kolkata is Rs 14,720 per gram
Gold Prices in Chennai
The current price of 24K gold in Chennai is Rs 16,255 per gram
The current price of 22K gold in Chennai is Rs 14,900 per gram
Silver Prices on February 1, 2026
As of right now, the price of silver in India is roughly Rs 3,50,000 per kilogram, whereas the price of silver 925, or silver sterling, is Rs 3,49,000 per kilogram. Even though silver is typically less expensive than gold, it is nevertheless preferred for investment and jewelry, particularly in areas where silver decorations are more prevalent than gold. Similar to gold, silver prices are impacted by international markets, and industrial demand is a major factor in price swings.
Silver Prices in Delhi
The current price of Silver 999 in Delhi is Rs 3500 per 10 grams.
Silver Prices in Mumbai
The current price of Silver 999 in Mumbai is Rs 3500 per 10 grams.
Silver Prices in Kolkata
The current price of Silver 999 in Kolkata is Rs 3500 per 10 grams.
Silver Prices in Chennai
The current price of Silver 999 in Chennai is Rs 3,200 per 10 grams
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