Gold Price Today [3 February, 2026]: MCX Gold Slips to ₹1.53 Lakh/10g on Budget Aftermath | Check City-Wise Rates in Delhi, Mumbai, Chennai, Kolkata & More

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Gold Price Today, 3 February 2026: Gold prices in India remained under pressure on Tuesday, marking a third consecutive session of muted trade as markets continued to assess the impact of the Union Budget 2026. Following a dramatic post-Budget fall, the precious metal is presently trading at levels not seen since mid-January, with weak global indications and a lack of new domestic triggers keeping market interest at bay.

Gold Price Today (3 February 2026)

• 24K Gold: ₹15,316 per gram
• 22K Gold: ₹14,039 per gram
• 18K Gold: ₹11,487 per gram
• Prices edged down by ₹1 per gram across all purities.
• MCX Gold (Feb 2026) futures traded near ₹1,53,160 per 10 grams.

Gold Rate Today: Post-Budget Consolidation Continues

• The market is regaining equilibrium following the volatility caused by the Union Budget and global policy changes.
• Trading activity is light, reflecting a cautious wait-and-watch approach among investors.
• The Budget’s lack of big increases to gold import duties has eliminated a significant uncertainty but has not offered a positive catalyst.
• The Indian rupee’s stability against the US dollar is also helping to keep prices quiet.

Gold Price Today: MCX Gold & Silver Prices in India

• MCX Gold Futures (Feb 2026): ₹1,53,160 per 10g
• MCX Silver Futures (Feb 2026): ₹35,000 per kg
• The ratio between the two metals is still large, reflecting gold’s relative strength in the current context.

Gold Prices in Mumbai

• 24K Gold: ₹15,316 per gram
• 22K Gold: ₹14,039 per gram
• 18K Gold: ₹11,487 per gram
• Prices in the financial capital tracked the small national fall.

Gold Rate Today in Delhi

• 24K Gold: ₹15,331 per gram
• 22K Gold: ₹14,054 per gram
• 18K Gold: ₹11,502 per gram
• The capital city’s rates traded at a slight premium, supported by consistent local demand.

Gold Prices in Kolkata

• 24K Gold: ₹15,316 per gram
• 22K Gold: ₹14,039 per gram
• 18K Gold: ₹11,487 per gram
• Prices here were aligned with Mumbai, showing uniform market behaviour across major hubs.

Gold Prices in Chennai

• 24K Gold: ₹15,217 per gram
• 22K Gold: ₹13,949 per gram
• 18K Gold: ₹11,999 per gram
• Chennai maintained its distinct pattern, with 24K and 22K gold trading at a discount and 18K at a premium to other metros.

Gold Rate in Bengaluru

• 24K Gold: ₹15,316 per gram
• 22K Gold: ₹14,039 per gram
• 18K Gold: ₹11,487 per gram
• Trading volumes were low as the market sought clear direction.

Gold Price City-Wise (₹/gram)

24K Gold Price Country-Wise (per 10g)

Gold Rate in India for Last 10 Days (1 Gram)

Gold Seeks Firm Ground After Sharp Retreat

International gold markets were quiet, with prices consolidating after the steep fall triggered by the hawkish Federal Reserve chair nomination and the Indian Union Budget. Analysts suggest the metal is undergoing a necessary correction after its parabolic rise in January. The focus has shifted to upcoming US economic data for clues on the interest rate path. While short-term sentiment is cautious, many experts believe long-term fundamentals—such as geopolitical risks and persistent central bank demand—will continue to boost gold. Domestically, physical demand during the current wedding season is projected to keep prices stable in the coming weeks.