Gold Silver Price Today, February 6, 2026: City-Wise Precious Metals Face Volatility As Silver Extends Losses

Gold and silver prices remained highly volatile on Friday as global cues weighed on investor sentiment. A sharp decline in international precious metal rates, coupled with a stronger US dollar and easing US-China trade tensions, pushed both metals into corrective territory.

While gold showed mixed movement on the Multi Commodity Exchange (MCX), silver continued its downward trajectory, marking a second straight session of losses.

Silver Extends Decline Amid Global Pressure

Silver dropped another 6% on February 6, erasing the brief recovery seen earlier in the week. The fall coincided with a broader selloff in technology stocks worldwide, which strengthened the US dollar and reduced demand for safe-haven assets.

The persistent weakness has positioned the white metal for a second consecutive weekly loss, signalling worsening risk appetite across global markets.

MCX Gold Shows Mixed Trend Despite Correction

Gold futures on the MCX registered fluctuations with noticeable corrections in the previous trading session. The March 5, 2026 contract for 10 grams opened at ₹1,48,889, slipped to an intraday low of ₹1,48,000, and eventually settled at ₹1,50,316. This reflected an absolute decline of ₹1,230, or 0.82%.

Meanwhile, the April 2, 2026 contract opened at ₹1,49,396 and closed at ₹1,52,071, down by ₹1,358, translating to a 0.89% drop. Trading volumes stood at 1,091 lots for March and 71 lots for April, suggesting that investor participation remained steady despite the price dip.

Analysts attribute the correction to softer international bullion prices, a nearly two-week high in the US dollar, and improving trade relations between the United States and China, all of which lowered the appeal of traditional safe-haven investments.

Latest Gold and Silver Rates in India

At the retail level, 24-karat gold is priced at ₹1,52,350 per 10 grams, while 22-karat gold is selling at ₹1,39,650 per 10 grams. Buyers opting for 18-karat gold can expect to pay around ₹1,14,260 per 10 grams.

Silver is currently valued at ₹275 per gram, ₹2,750 per 10 grams, and ₹2,75,000 per kilogram, reflecting the ongoing global influence on domestic pricing.

Why Gold And Silver Prices Change Daily

The movement of gold and silver prices in India is shaped by a mix of international and domestic triggers. Trends in the global bullion market and fluctuations in the rupee against the US dollar have a direct impact on local rates.

Other factors such as inflation, interest rate changes, and broader economic uncertainty often drive investors towards these metals for safety. Geopolitical developments, along with routine shifts in supply and demand, also contribute to everyday price adjustments.

City-Wise Gold Rates Across India

Gold prices vary slightly depending on regional taxes and logistics:

• Chennai, Coimbatore, Madurai, Salem, and Trichy: ₹1,56,210 (24K), ₹1,43,190 (22K), ₹1,22,490 (18K) per 10 grams
• Delhi, Jaipur, Lucknow, Chandigarh, Gurgaon, Ghaziabad, and Noida: ₹1,54,560 (24K), ₹1,41,690 (22K), ₹1,15,960 (18K)
• Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala, Pune, Nagpur, Visakhapatnam, Mysore, and several other cities: ₹1,54,410 (24K), ₹1,41,540 (22K), ₹1,15,810 (18K)
• Vadodara, Ahmedabad, Surat, Rajkot, and Patna: ₹1,54,460 (24K), ₹1,41,590 (22K), ₹1,15,860 (18K)
• Nashik: ₹1,54,440 (24K), ₹1,41,570 (22K), ₹1,15,840 (18K)

City-Wise Silver Rates Across India

Silver prices remain largely uniform across major markets:

• Chennai, Mumbai, Delhi, Kolkata, Bengaluru, Hyderabad, Kerala, Pune, Vadodara, Ahmedabad, Jaipur, Lucknow, Coimbatore, Madurai, Vijayawada, Patna, Nagpur, Chandigarh, Surat, Bhubaneswar, Mangalore, Visakhapatnam, Nashik, Mysore, Salem, Rajkot, Trichy, Ayodhya, Cuttack, Davanagere, Bellary, Gurgaon, Ghaziabad, and Noida: ₹2,999 per 10 grams, ₹29,990 per 100 grams, and ₹2,99,900 per kilogram.

Investors and buyers are advised to track live updates as global developments continue to influence the direction of precious metal prices.