Gold prices nudged higher across key Indian markets on Wednesday (February 4, 2026), with Delhi and Mumbai among the cities showing an uptick, while silver moved the other way in several centres. The latest update also comes as global gold prices climbed for a second straight session, supported by fresh safe-haven demand and a bounce back above the $5,000/oz mark.
Snapshot: India’s headline rates today
- 24K gold: ₹1,53,440 per 10 grams
- 22K gold: ₹1,40,670 per 10 grams
- Silver: ₹3,16,900 per kg (also shown as ₹3,160 per 10 grams in the live update)
City-wise check: where Gold Prices and Silver Prices stand
Gold (24K, per 10 grams)
Delhi: ₹15,32,700 • Mumbai: ₹15,33,000 • Bengaluru: ₹15,32,700 • Pune: ₹15,33,200
Silver (per 10 grams)
Delhi: ₹31,690 • Mumbai: ₹31,590 • Bengaluru: ₹31,090 • Pune: ₹31,790
Silver’s day: sharp drops in some cities, flat in others
Silver’s move wasn’t uniform. The live blog notes Delhi silver at ₹2,96,900 per kg, down ₹20,000 on Wednesday.
Bengaluru also saw a steep slide, with silver at ₹2,90,900 per kg, down ₹20,000.
Chennai, meanwhile, was steady at ₹3,13,900 per kg, with no change.
MCX pulse: gold and silver both higher on the exchange
On MCX, both metals were quoted higher in the update:
- MCX gold: up ₹5,883 (3.82%) to ₹1,59,692 per 10 grams
- MCX silver: up ₹14,448 (5.39%) to ₹2,82,463 per kg
What’s pushing global gold higher again
Globally, gold extended gains as geopolitical worries returned to the centre of trading. The update reports spot gold up 2.7% to $5,071.79/oz (as of 0353 GMT) after a strong prior session move, and notes US-Iran tensions as a key driver.
One line in the report captures the mood: gold reclaimed the $5,000 level as tensions lifted safe-haven demand, with the update quoting IndusInd Securities’ Jigar Trivedi after an incident involving a downed Iranian drone.
Why Indian gold rates don’t move on just one cue
The explainer in the live update flags the usual levers that Indian buyers end up feeling first: currency moves, global demand, interest rates, and government policies, with a weaker rupee typically making imported gold more expensive.
If you’re following gold and silver closely this week, the signals to keep on your radar are the ones already shaping today’s tape: global risk sentiment, US dollar moves, and how sharply silver continues to swing across Indian cities (with drops of ₹20,000 per kg highlighted in multiple centres).
Also Read: Silver’s Big Fall Shocks Markets, Even Long-Time Critics See a Short Bounce
