Today, the prices of gold and silver have seen a major fall across India, surprising both investors and jewelry buyers. On February 6, 2026, gold prices dropped below ₹1,52,000 per 10 grams, while silver also declined notably. Market experts link this decline to weak global demand and profit-booking in the commodity market. The sudden dip has created new buying opportunities for traders and customers looking to invest in precious metals during this volatile phase.
| Metal | Purity | Price per Gram | Price (10g / 1kg) | Change |
|---|---|---|---|---|
| Gold | 24K | ₹15,235 | ₹1,52,350 (10g) | 📉 Down |
| Gold | 22K | ₹13,965 | ₹1,39,650 (10g) | 📉 Down |
| Silver | — | ₹253.20 | ₹2,53,197 (1kg) | 📉 Down |
1. Sharp Drop in Gold Prices
On February 6, 2026, gold prices dropped sharply in both the international and domestic markets. The 24K gold rate slipped to ₹15,235 per gram, while 22K gold is now priced at ₹13,965 per gram. This decline has been attributed to global market corrections and the strengthening of the Indian rupee against the US dollar.
2. Silver Prices Follow the Downtrend
Silver, too, has faced a notable dip in rates. The current price stands at around ₹2,53,197 per kilogram. The metal’s weakness is being linked to reduced industrial demand and changing global trade trends. Analysts suggest that if this pattern continues, silver could test lower support levels in the coming days.
3. MCX Market Reactions
On the Multi Commodity Exchange (MCX), gold futures saw a decline of nearly 0.5%, while silver futures also traded lower. Experts believe this short-term correction may give rise to medium-term buying opportunities as inflation concerns remain stable globally.
4. Investment Sentiment Turns Cautious
Investors are now showing caution amid these sudden price movements. Many are waiting for clearer signals from upcoming U.S. economic data before taking new positions in gold and silver markets. Traders advise gradual accumulation rather than aggressive buying.
5. City-Wise Price Variations
Gold and silver rates slightly differ from city to city due to local taxes and demand. For instance, Mumbai and Delhi reported nearly similar rates, while Ahmedabad and Chennai showed marginal variations. Overall, buyers are closely monitoring market changes before making big purchases.
Conclusion
The current fall in gold and silver prices presents a great opportunity for long-term investors. However, market volatility could continue in the short term due to fluctuating global trends. Analysts suggest that those planning to invest should monitor the next few days before making significant buying decisions.
Disclaimer
The above gold and silver rates are based on national averages from reputed sources and may vary across cities and jewelry outlets. Readers are advised to verify current prices from official or trusted jeweler websites before making purchases. This report is for informational purposes and not investment advice.