MCX Gold, Silver Rate Today highlights: Check today’s rates in Delhi, Mumbai and Bengaluru before you buy or sell | India News

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Gold price of 99.9 per cent purity also bore the brunt of the sell-off, crashing by ₹12,800, or 7.73 per cent, to ₹1,52,700 per 10 grams (inclusive of all taxes) on Monday. It had settled at ₹1,65,500 per 10 grams in the previous session.

Over the last three sessions, the metal has plunged ₹30,300, or nearly 17 per cent, from its record high of ₹1,83,000 per 10 grams on January 29, as investors rushed to book profits after a sharp rally.

(PTI)

Silver prices extended its steep fall for the third straight day, tumbling ₹52,000 to ₹2.60 lakh per kg in the national capital on Monday, while gold fell to ₹1.52 lakh per 10 grams amid weak global trends and a firm US dollar.

According to the All India Sarafa Association, the white metal nosedived ₹52,000, or nearly 17 per cent, to ₹2,60,000 per kilogram (inclusive of all taxes). On Saturday, the metal tanked 19 per cent, or ₹72,500, to ₹3.12 lakh per kilogram.

In the last three sessions, silver prices have fallen ₹1,44,500, or nearly 36 per cent from ₹4,04,500 per kg — its all-time high — recorded on January 29.

(PTI)

Mumbai Bullion Closing Rates are as follows:

Closing Rates Silver Spot (in ₹per Kilo): 2,59,500.00

Standard Gold (99.5): 1,48,150.00

Pure Gold (99.9) : 1,48,746.00

(PTI)

On the global front, commodities markets slumped on Monday, led by deep losses in gold, silver, oil and industrial metals, as a selloff unleashed by President Donald Trump’s selection of Kevin Warsh as the next US Fed chair sent precious metals tumbling for a second session.

Losses spilt over into equity markets as investors ditched other assets to cover any precious metals losses. Global stocks fell for a third straight day, led by steep declines across Asia and in Europe, where basic resources stocks came under heavy fire.

Gold slid 5% to its lowest in more than two weeks, while silver fell more than 7%. Both metals hit records last week.

(Reuters)

The price of silver in India today, on Monday, February 2, is ₹300 per gram and ₹3,00,000 per kilogram, reflecting a notable decline from the recent level.

After a recent rise, the gold rate fell by 3 per cent after Union Finance Minister Nirmala Sitharaman presented the Union Budget on Sunday. It continued its downward trend and edged lower on Monday, February 2, 2026, across all purities.

The 24-karat gold, recognised for its purity and greater value, is mainly bought for investment purposes, whereas 22-karat and 18-karat gold are chiefly used to create jewellery. 24K gold is priced at ₹15,153 per gram, down ₹905.

22K gold now stands at ₹13,890 per gram, down by ₹830, while 18K gold is available at ₹11,365 per gram, marking a decrease of ₹679.

Gold and silver extended falls on Monday after CME Group raised margin requirements following a sharp selloff in precious metals last week on U.S. President Donald Trump’s nomination of Kevin Warsh to be the next Federal Reserve chair.

Spot gold logged its sharpest one-day drop since 1983 on Friday with a fall of more than 9%, and had lost a ‍further 3.6% ⁠to $4,686.51 per ounce by 0504 GMT. U.S. gold futures for April delivery were down 0.8% at $4,707.60 per ounce.

Spot silver plunged 27% in the previous session in its worst daily fall on record and has lost an additional 6.7% to $78.96 an ounce on Monday. “The Warsh nomination, whilst likely being the initial trigger, did not justify the ​size of the downward move in precious metals, with forced ‌liquidations and margin increases having a cascading effect,” said KCM Chief Trade Analyst Tim Waterer.
(Reuters)

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.

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.

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.

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.

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.

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.

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)

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

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.

• 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.

Gold, silver rate LIVE updates:

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

Gold, silver rate LIVE updates: The 24-carat gold price in Mumbai today is ₹1,60,710 per 10 grams.

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.

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.

Chennai Gold Rate Today LIVE Updates: The 24-carat gold price in Chennai today stands at ₹1,62,650 per 10 grams.

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.