Gold Silver Rate Today, February 9, 2026: Know City-Wise Prices as MCX Futures Signal Strong Momentum

Gold and silver prices advanced in India on 9 February 2026, supported by firmer global bullion and a softer US dollar. MCX futures opened higher, while spot rates varied by city. The movement reflects currency trends, inflation concerns, and RBI policy signals shaping short-term bullion demand.

Gold Silver Rate Today, February 9, 2026: Gold and silver prices in India rise sharply on 9 February 2026, tracking firm global bullion and a softer US dollar. MCX futures open higher, with April gold near Rs 1,56,000 per 10 grams and March silver around Rs 2,59,887 per kilogram, signalling strong short-term momentum for precious metals.

Spot prices across major Indian cities also show gains, with 24-karat gold near Rs 1,56,590 and silver around Rs 2,84,900 per kilogram. The uptick follows recent volatility linked to interest rate expectations, rupee movements against the US dollar, and investor demand for safe-haven assets during periods of economic uncertainty.

Gold Silver price today: MCX futures action and intraday range

The Multi Commodity Exchange of India records active trading on 9 February 2026, with both gold and silver futures opening higher than the previous session. The April 2026 gold contract starts 0.35 percent up at Rs 1,56,000 per 10 grams, while March 2026 silver opens about 4 percent higher at Rs 2,59,887 per kilogram.

During the session, the March 2026 gold futures contract on MCX trades between Rs 1,54,224 and Rs 1,57,000. The contract finally settles at Rs 1,54,825, marking a gain of Rs 2,308 or 1.50 percent, reflecting steady buying interest from traders tracking overseas bullion cues and currency trends.

The April 2026 gold futures contract moves within a wider intraday band of Rs 1,55,546 to Rs 1,58,500. It ends the day at Rs 1,56,000, up Rs 2,595 or 1.67 percent. The strong close suggests traders respond to the weaker US dollar and firm international gold prices, which usually support domestic contracts.

Silver futures show even stronger price action. The March 2026 silver contract on MCX trades between Rs 2,49,892 and Rs 2,64,885 per kilogram before closing at Rs 2,59,887. This settlement level represents a rise of Rs 14,108 or 5.65 percent, underlining higher volatility and stronger speculative interest in silver compared with gold.

Gold Silver price today: Retail bullion rates and purity-wise levels

In the physical market on 9 February 2026, all major purity levels of gold show higher prices. Across India, 24-karat gold stands at Rs 1,56,590, 22-karat gold trades near Rs 1,43,540, and 18-karat gold, often called 999 gold in some listings, is quoted around Rs 1,17,440 for equivalent quantity.

Silver price today in the domestic market is pegged at Rs 284.90 per gram, Rs 2,849 per 10 grams, and Rs 2,84,900 per kilogram. These spot levels align with futures gains, as local bullion dealers usually track MCX trends and international benchmarks, adjusting retail quotes accordingly across most cities.

Gold Silver price today: City-wise market snapshot across India

Retail buyers and investors often compare city-wise bullion prices before purchasing. On 9 February 2026, gold prices for 24-karat, 22-karat and 18-karat categories show narrow differences between cities, mainly due to local taxes, transport costs and making charges. The following table outlines the reported city-wise gold prices.

Silver prices show less variation across locations, with most cities quoting similar rates. The uniformity reflects standard wholesale pricing and limited local levies on silver compared with gold. The next table summarises silver prices for 10 grams, 100 grams and 1 kilogram across major Indian centres.

Gold Silver price today: How global cues and RBI policy shape trends

The recent rally in domestic bullion follows gains in international gold and silver markets as the US dollar weakens. A softer dollar usually makes dollar-priced commodities cheaper for other currencies, lifting demand. This effect feeds into Indian futures and spot prices through import-linked pricing of bullion.

Movements in the rupee–US dollar exchange rate play a central role in daily price changes. When the rupee loses value against the dollar, imported gold and silver become costlier even if global prices remain flat. This currency impact often causes higher local bullion prices despite stable overseas benchmarks.

Central bank policy also influences investor sentiment. On 6 February 2026, the Reserve Bank of India keeps the repo rate unchanged. That decision dampens hopes for early interest rate cuts, which initially weighs on gold prices, as higher rates generally make non-yielding assets like bullion less attractive compared with interest-bearing instruments.

On that day, MCX gold opens sharply lower at Rs 1,49,396 per 10 grams, down Rs 2,675 or 1.76 percent from the previous close of Rs 1,52,071. Silver reacts more strongly, starting at Rs 2,34,063 per kilogram, a fall of Rs 9,752 or nearly 4 percent against the earlier close of Rs 2,43,815.

Beyond short-term policy moves, broader macroeconomic factors help explain why gold and silver prices often change every day. Rising inflation, uncertain growth outlooks and changing interest rate expectations tend to increase demand for safe-haven assets. Investors then shift part of their portfolios into bullion, supporting higher prices in futures and physical markets.

Market analysts also highlight that domestic bullion prices depend on global supply and demand, geopolitical events and shifts in investment flows into exchange-traded funds and futures. For Indian consumers and investors, tracking daily gold and silver price levels, along with rupee and central bank signals, remains important for timing purchases or hedging decisions.