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Gold and silver prices in India fell sharply on February 02, with 24K gold at Rs 1,51,130 per 10 grams in Mumbai and silver dropping Rs 50,000 to Rs 3,00,000 per kg.
Gold and Silver prices fall sharply on Monday
Gold and Silver Rates Today, February 02: Gold and silver prices in India fell sharply on Monday, following the international trend after hitting record highs.
In Mumbai, 24K gold price stood at Rs 1,51,130 per 10 grams, while for 22K, the price remained at Rs 1,38,900 per 10 grams.
At COMEX, gold and silver fell sharply. Gold fell 0.48 per cent to drop to $4,691 per ounce. Meanwhile, silver dropped 1.80 per cent to hold at $77 per ounce.
On Multi-commodity exchange (MCX), gold futures with expiry in April traded 3.00 per cent lower at Rs 1,43,321 per 10 grams. Meanwhile, silver futures with expiry in March fell 6 per cent to Rs 2,49,731 per kg.
Meanwhile, silver in Indian market dropped Rs 50,000 to Rs 3,00,000 per kg.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On February 02?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,39,000 | Rs 1,51,280 |
| Jaipur | Rs 1,39,000 | Rs 1,51,280 |
| Ahmedabad | Rs 1,38,950 | Rs 1,51,180 |
| Pune | Rs 1,38,950 | Rs 1,51,180 |
| Mumbai | Rs 1,38,900 | Rs 1,51,130 |
| Hyderabad | Rs 1,38,900 | Rs 1,51,130 |
| Chennai | Rs 1,38,900 | Rs 1,51,130 |
| Bengaluru | Rs 1,38,900 | Rs 1,51,130 |
| Kolkata | Rs 1,38,900 | Rs 1,51,130 |
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
February 02, 2026, 09:48 IST
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