Gold Price Today, 01 February 2026: Gold and silver have been in the limelight in the recent past as the markets hit record highs and there has been sharp correction in the global markets. On Friday, gold prices decreased more than 11% and COMEX silver declined more than 31% and it reduced silver to about 35% below all time high of 121.755 per ounce. India Union Budget 2026, to be presented on February 1, is now closely monitored by investors because any modifications in custom duties, import taxes or investment incentives would have an impact on domestic prices. There is plenty of speculation on whether the Finance Ministry will increase taxes on the gold and silver to pursue the soaring imports and save the balance of trade in the country.
Gold Price Today (1 February, 2026)
- 24K Gold: Rs. 16,058 per gram
- 22K Gold: Rs. 14,720 per gram
- 18K Gold: Rs. 12,044 per gram
- Yesterday’s 24K Price: Rs. 16,920 per gram
- One-day decline of 24K is Rs. 862 per gram update the prices
Gold Rate Today: From Record Highs to Correction
- Gold hit a weekly peak of Rs. 17,885 per gram (24K) on January 29
- Prices have corrected by nearly 10.2% within three trading sessions
- Weekly decline stands at Rs. 1,827 per gram from the top
- The correction follows a 98% rally over the past year, prompting profit booking
- Analysts view this as a technical correction, not a trend reversal
Gold Price Today: MCX Gold and Silver Prices in India
On the Multi Commodity Exchange (MCX), gold futures traded under pressure, reflecting global weakness and stronger dollar cues while silver prices also cooled after an extended rally, though long-term demand remains supported by industrial and investment buying.
April MCX gold futures closed intraday at Rs. 1,50,849 per 10 gram, Rs. 1,496 or 0.98% below the close on Rs. 1,52,345 per 10 gram in the previous close. The existing rate is Rs. 29,930 lower than its record high of Rs. 1,80,779 per 10 grams.
Meanwhile, MCX silver March futures market settled at Rs. 2,91,922 per kg, falling down Rs. 1,28,126 or 30.5%, from the record high of Rs. 4,20,048 per kg.
Gold Prices in Mumbai
- 24K: Rs. 16,919 per gram
- 22K: Rs. 15,509 per gram
- 18K: Rs. 12,689 per gram
Gold Rate Today in Delhi
- 24K: Rs. 16,934 per gram
- 22K: Rs. 15,524 per gram
- 18K: Rs. 12,704 per gram
Gold Prices in Kolkata
- 24K: Rs. 16,919 per gram
- 22K: Rs. 15,509 per gram
- 18K: Rs. 12,689 per gram
Gold Rate in Bengaluru
- 24K: Rs. 16,919 per gram
- 22K: Rs. 15,509 per gram
- 18K: Rs. 12,689 per gram
Gold Prices in Chennai
- 24K: Rs. 16,255 per gram
- 22K: Rs. 14,900 per gram
- 18K: Rs. 12,800 per gram
Gold Price City-Wise (₹ per gram)
|
City |
24K |
22K |
18K |
|
Mumbai |
16,919 |
15,509 |
12,689 |
|
Delhi |
16,934 |
15,524 |
12,704 |
|
Chennai |
16,255 |
14,900 |
12,800 |
|
Kolkata |
16,919 |
15,509 |
12,689 |
|
Bengaluru |
16,919 |
15,509 |
12,689 |
|
Hyderabad |
16,919 |
15,509 |
12,689 |
|
Pune |
16,919 |
15,509 |
12,689 |
|
Ahmedabad |
16,925 |
15,515 |
12,695 |
|
Vadodara |
16,925 |
15,515 |
12,695 |
|
Jaipur |
16,934 |
15,524 |
12,704 |
|
Chandigarh |
16,934 |
15,524 |
12,704 |
|
Lucknow |
16,934 |
15,524 |
12,704 |
|
Patna |
16,934 |
15,524 |
12,704 |
|
Indore |
16,925 |
15,515 |
12,695 |
|
Bhopal |
16,925 |
15,515 |
12,695 |
|
Surat |
16,919 |
15,509 |
12,689 |
|
Rajkot |
16,919 |
15,509 |
12,689 |
|
Nagpur |
16,919 |
15,509 |
12,689 |
|
Kochi |
16,919 |
15,509 |
12,689 |
|
Thiruvananthapuram |
16,919 |
15,509 |
12,689 |
|
Coimbatore |
16,255 |
14,900 |
12,800 |
|
Madurai |
16,255 |
14,900 |
12,800 |
|
Tiruchirappalli |
16,255 |
14,900 |
12,800 |
|
Vijayawada |
16,919 |
15,509 |
12,689 |
|
Visakhapatnam |
16,919 |
15,509 |
12,689 |
|
Guwahati |
16,934 |
15,524 |
12,704 |
|
Bhubaneswar |
16,934 |
15,524 |
12,704 |
|
Ranchi |
16,934 |
15,524 |
12,704 |
|
Raipur |
16,934 |
15,524 |
12,704 |
|
Dehradun |
16,934 |
15,524 |
12,704 |
|
Shimla |
16,934 |
15,524 |
12,704 |
24K Gold Price Country-Wise (Per 10 Grams)
|
Country / Region |
Price (₹ per 10 g) |
|
United Arab Emirates (UAE) |
₹1,47,170 |
|
Singapore |
₹1,53,570 |
|
United States |
₹1,47,170 |
|
England (UK) |
₹1,44,930 |
|
Australia |
₹1,52,050 |
|
Canada |
₹1,51,170 |
|
Saudi Arabia |
₹1,47,970 |
|
Qatar |
₹1,50,780 |
|
Oman |
₹1,52,140 |
|
Malaysia |
₹1,59,870 |
|
Bahrain |
₹1,43,800 |
|
Kuwait |
₹1,45,390 |
|
China |
₹1,29,480 |
|
Pakistan |
₹1,29,600 |
|
Eurozone / Europe |
₹1,44,600 |
Gold Rate in India for Last 10 Days (10 Gram)
|
Date |
24K (₹) |
22K (₹) |
|
Feb 1 |
1,60,580 |
1,47,200 |
|
Jan 31 |
1,69,200 |
1,55,100 |
|
Jan 30 |
1,78,850 |
1,63,950 |
|
Jan 29 |
1,66,950 |
1,53,150 |
|
Jan 28 |
1,61,950 |
1,48,450 |
|
Jan 27 |
1,61,950 |
1,48,450 |
|
Jan 26 |
1,60,260 |
1,46,900 |
|
Jan 25 |
1,60,260 |
1,46,900 |
|
Jan 24 |
1,57,150 |
1,44,050 |
|
Jan 23 |
1,54,310 |
1,41,450 |
Market experts believe gold prices may consolidate in the near term as investors await clarity from Budget 2026, global interest rate signals and currency movements. Any hint of duty changes or global economic stress could quickly revive buying interest.
Will Gold Prices Fall Due to Budget 2026?
In Budget 2026, gold prices might be constant or even reduced by a few percent with a decrease in customs duty may decrease the prices by 3-5% by 10 grams, which again seems improbable after the historic spurt in imports. Gold on MCX has been trading between Rs 1.49 lakh to 10 gram whereas silver has been trading at between Rs 2.91 lakh per kg.
