Gold Price Today, 01 February 2026: Gold price today in India drops sharply. Check the latest MCX gold rate at ₹1.60 lakh per 10g and city-wise 24K, 22K, 18K gold prices in Delhi, Mumbai, Chennai, Kolkata, Bengaluru and more for 01 February2026.
Gold Price Today 01 February 2026
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.
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.
| 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 |
| 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 |
| 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.
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.
