Gold prices are continuously falling. On the morning of February 6, the price of 24 carat gold in Delhi fell to Rs 154,560 per 10 grams. In Mumbai, the price fell to Rs 154,410 per 10 grams. Global selling pressure and strong dollar are the reasons for this decline. The spot price of gold in the international market has fallen to $4826.99 per ounce.
Gold rates in some major Indian cities
City 22 Karat Gold Rate Today (₹) 24 Karat Gold Rate Today (₹) Delhi 141690 154560 Mumbai 141540 154410 Ahmedabad 147240 160620 Chennai 141540 154410 Kolkata 141540 154410 Hyderabad 141540 154410 Jaipur 141690 154560 Bhopal 147240 160620 Lucknow 141690 154560 Chandigarh 141690 154560
Gold Price in Delhi: 24 carat gold price in Delhi is Rs 154,560 per 10 grams. The price of 22 carat gold is Rs 141,690 per 10 grams.
Mumbai, Chennai and Kolkata: Currently, the price of 22 carat gold in Mumbai, Chennai and Kolkata is Rs 141,540 per 10 grams, while the price of 24 carat gold is Rs 154,410 per 10 grams.
Prices in Pune and Bengaluru: In both these cities, the price of 24 carat gold is Rs 154,410 per 10 grams and the price of 22 carat gold is Rs 141,540 per 10 grams.
JPMorgan has predicted that gold prices will reach $6300 an ounce by the end of the year. This will happen due to the demand of central banks and investors. It is estimated that Central Bank gold purchases may reach 800 tonnes in 2026.
price of silver
The price of another precious metal, silver, is also falling. On the morning of February 6, the price fell to Rs 299,900 per kg. On January 30, the price of silver was more than Rs 4 lakh. The spot price in international markets is $76.26 an ounce. Kunal Shah, Vice President and Head of Commodities Research, Nirmal Bang Securities, says that the bullish phase for silver is over for now. Any bounce now should be used to sell, not buy. Due to extreme and unpredictable fluctuations, the metal has become almost untradable.