Today’s gold and silver prices in India have dropped sharply, surprising investors and jewellers alike. On February 6, 2026, the 24K gold rate stands at around ₹15,235 per gram, while silver prices have plunged to nearly ₹2,53,197 per kilogram. Market analysts attribute this sudden fall to global dollar strengthening and profit-booking in commodity exchanges. The sharp decline has created an opportunity for buyers to invest in precious metals at relatively lower prices than the previous week.
| Metal | Price per Gram | Price per 10g | Change |
|---|---|---|---|
| 24K Gold | ₹15,235 | ₹1,52,350 | 📉 Down |
| 22K Gold | ₹13,965 | ₹1,39,650 | 📉 Down |
| Silver | ₹253.20 | ₹2,53,197/kg | 📉 Down |
1. Gold Prices Dip Significantly
Gold prices have dropped across major cities including Delhi, Mumbai, Chennai, and Ahmedabad. The 24K gold is priced at ₹15,235 per gram, while the 22K variant costs around ₹13,965 per gram. The sudden decline comes amid weak global cues and strong dollar trends affecting investor confidence.
2. Silver Rates Also Witness Sharp Decline
Silver prices have fallen to ₹2,53,197 per kilogram, making it one of the biggest daily drops of the month. Analysts suggest this correction is due to reduced industrial demand and a steady increase in global silver supply, putting pressure on prices across commodity markets.
3. Investment Opportunity for Buyers
Financial experts believe that this price correction offers a good buying opportunity for long-term investors. With geopolitical uncertainties and inflation still in play, investing in gold at lower levels could yield strong returns once the prices rebound in the coming weeks.
4. Global Market Impact
The global gold market has witnessed heavy profit-booking after a brief rally. The US dollar index and Treasury yields have surged, leading to a temporary slowdown in precious metal demand. This global trend has directly impacted the Indian bullion market as well.
5. City-Wise Price Variation
While national average rates have declined, prices vary slightly by city. Delhi and Mumbai are showing marginally higher rates than Kolkata and Chennai due to local taxes and transportation costs. Jewellers expect price stability to return once international demand normalizes.
Conclusion
Gold and silver prices in India have declined sharply, offering a short-term buying opportunity. Experts recommend investors to monitor global market cues before making large investments. With the possibility of an upcoming rebound, those investing now could benefit if market sentiments shift positively in the near future.
Disclaimer
Gold and silver prices mentioned above are based on national averages and may differ by city and jeweller. Rates fluctuate multiple times a day depending on global trends, import duties, and local taxes. Investors should verify live rates from reliable sources before making any purchase or investment decision.