After a fall in gold prices due to dollar strength and profit-taking after sharp rally, the fall has now stopped due to buying at lower levels. There has also been a recovery in silver. The price of gold has seen an increase for the third consecutive day. In these three days, 24-carat gold has become costlier by ₹6280 per ten grams in Delhi, and 22-carat gold has become costlier by ₹5760. Today, their prices increased by ₹10 per ten grams. Talking about silver, one kilogram of silver has become costlier in Delhi for the second consecutive day. Today, it increased by ₹100 per kilogram.
Gold prices according to cities
Let’s see the prices of 10 grams of 18-carat, 22-carat and 24-carat gold in 10 major cities of the country…
City 24 carat 10 gram gold price 22 carat 10 gram gold price 18 carat 10 gram gold price Delhi ₹1,59,600 ₹1,46,310 ₹1,19,740 Mumbai ₹1,59,450 ₹1,46,160 ₹1,19,590 Kolkata ₹1,59,450 ₹1,46,160 ₹1,19,590 Chennai ₹1,62,570 ₹1,49,010 ₹1,27,510 Bengaluru ₹1,59,450 ₹1,46,160 ₹1,19,590 Hyderabad ₹1,59,450 ₹1,46,160 ₹1,19,590 Lucknow ₹1,59,600 ₹1,46,310 ₹1,19,740 Patna ₹1,59,500 ₹1,46,210 ₹1,19,640 Jaipur ₹1,59,600 ₹1,46,310 ₹1,19,740 Ahmedabad ₹1,59,500 ₹1,46,210 ₹1,19,640
Silver shined for the second consecutive day
Talking about silver, after two consecutive days of decline, it has increased for the second consecutive day. Including stability on February 1, one kilogram of silver had become cheaper by ₹1.30 lakh in five consecutive days, and now it has become costlier by ₹40,100 in two consecutive days. Today, its price in Delhi dropped by ₹100 per kg. In Delhi it is being sold at ₹ 3,20,100 per kg. It is also being sold at the same price in other major metros like Chennai, Mumbai and Kolkata.
What do experts say?
According to Jatin Trivedi, Vice President – Research Analyst (Commodities and Currency), LKP Securities, the market is currently very volatile due to decline from record highs, increased margins and profit-taking. Commodity expert NS Ramaswamy believes the recent fall in gold and silver was a natural ‘shakeout’ after excessive rally. He says the strengthening dollar triggered some selling, but there is still a strong bullish case for gold. This is being supported by continued buying from central banks, geopolitical risk and demand for portfolio diversification. According to Ramaswamy, central banks bought about 230 tonnes of gold in the fourth quarter of 2025, and the purchases are expected to exceed 800 tonnes in 2026. He believes that after overcoming the current ups and downs, gold can again reach new highs this year.
Meanwhile, Ramaswamy attributed the sharp fall in silver prices to increased margin requirements, which forced traders with leveraged positions to sell their holdings. According to him, silver may trade in the range of $72 to $78 right now, and unless it moves strongly above $80, there is no possibility of a major rally. Apoorva Seth of Samco Securities says that despite sharp fluctuations, the long-term trend of gold remains upward, and it is still making higher highs and higher lows. He believes that strong investors are buying every dip and estimates that gold may stabilize in the range of ₹1.32 lakh to ₹1.80 lakh per ten grams in the coming months.