Gold Rate today:
New Delhi: Gold prices in India registered a correction from recent record highs on February 2, 2026, affecting jewellery buyers and investors nationwide. Rates eased across major cities amid profit booking and softer global cues following Budget‑day volatility. 24‑carat gold is trading at around ₹15,153 per gram.
Key Highlights
- Critical Move: Gold prices corrected from recent record highs after Budget‑day volatility.
- Who Is Affected: Jewellery buyers, investors and traders.
- Immediate Action: Compare city‑wise rates and factor in making charges before purchasing.
Core News Details — The Facts
According to PTI‑syndicated bullion data published on February 2, 2026, 24‑carat gold is around ₹15,153 per gram, 22‑carat about ₹13,890 per gram, and 18‑carat roughly ₹11,363 per gram in retail markets today.
On the Multi Commodity Exchange (MCX), gold futures saw sharp swings during Budget‑day trading before stabilising. Internationally, Comex gold moved lower, pressured by a stronger US dollar and margin hikes announced by the CME Group.
Gold Rates in Major Indian Cities (₹ per 10 grams)
- Delhi: ₹1,51,680 (24K) | ₹1,39,050 (22K) | ₹1,13,800 (18K)
- Mumbai: ₹1,51,530 (24K) | ₹1,38,900 (22K) | ₹1,13,650 (18K)
- Chennai: ₹1,52,180 (24K) | ₹1,39,500 (22K) | ₹1,20,000 (18K)
- Bengaluru: ₹1,51,530 (24K) | ₹1,38,900 (22K) | ₹1,13,650 (18K)
- Hyderabad: ₹1,51,530 (24K) | ₹1,38,900 (22K) | ₹1,13,650 (18K)
Note: Higher 18‑carat prices in Chennai reflect local jeweller premiums and state‑level pricing differences (making charges, demand and local levies).
The Impact / Official Reaction
Market analysts say the correction was driven mainly by profit booking after the recent rally and cautious sentiment around the Union Budget. Buyers should monitor daily rates, as near‑term volatility may continue. Jewellers emphasise that making charges, GST and local levies will affect final retail prices.
FAQ
A1: Prices eased due to profit booking, weaker global cues and margin hikes in international markets.
A2: Yes. Local taxes, jeweller making charges and demand patterns cause minor city‑wise variations.
