Gold rate today (February 6, 2026): Check prices of 24K, 22K & 18K in Delhi, Mumbai, Chennai, Bangalore, Hyderabad & other major cities

Indian markets were not the only ones experiencing a decline. Spot gold prices fell by $137.32, or 2.77 percent, to $4,826.99 per ounce in the global bullion market. In a similar vein, gold fell $80, or 1.61%, to $4,870.9 per ounce on the Comex exchange. Prices had jumped beyond the psychologically significant $5,000-per-ounce barrier just the day before, which made the decline much more dramatic.

What Market Professionals Have to Say

Several worldwide cues are blamed by market observers for the abrupt change. Saumil Gandhi, Senior Analyst-Commodity at HDFC Securities, stated that the decline was caused by a stronger dollar, dovish remarks made by Federal Reserve officials, and a decline in demand for safe-haven investments, according to news agency PTI-Bhasha.

FAQ: Gold Price Today in India – Latest Rates & Market Outlook

Q1. Why are gold prices falling again after a brief recovery?
Gold prices have turned volatile after gaining for two sessions, mainly due to global market pressures and key policy events. Investors are cautious ahead of the RBI Monetary Policy Committee (MPC) decision, while a stronger US dollar and easing safe-haven demand have added to the downside pressure.

Q2. What are the latest gold prices in India today?
As per Goodreturns data on Friday, February 6, gold prices in India are:

• 24-carat gold: ₹15,441 per gram

• 22-carat gold: ₹14,154 per gram

• 18-carat gold: ₹11,581 per gram

Q3. How did gold perform on MCX in the last session?
On the Multi Commodity Exchange (MCX), gold futures witnessed mild weakness amid volatility. Gold futures fell by ₹189 (0.12%) to ₹1,52,260 per 10 grams on Thursday, February 5.

Q4. What are today’s gold rates across major Indian cities?
Gold prices remained largely uniform across cities. For 10 grams of gold, prices are approximately:

• 24-carat: ₹1,54,420 – ₹1,56,220

• 22-carat: ₹1,41,550 – ₹1,43,200

• 18-carat: ₹1,15,820 – ₹1,22,500

Cities such as Delhi, Mumbai, Kolkata, Bengaluru, Hyderabad, Chennai, and Gurugram reported similar trends, with Chennai quoting slightly higher rates.

Q5. How are global gold prices performing today?
Global bullion markets also witnessed sharp selling pressure.

• Spot gold dropped $137.32 (2.77%) to $4,826.99 per ounce

• Comex gold declined $80 (1.61%) to $4,870.9 per ounce

This fall came just a day after prices crossed the key $5,000 per ounce psychological level, making the correction more pronounced.

Q6. What factors are impacting global gold prices right now?
Market experts attribute the decline to a stronger US dollar, dovish signals from US Federal Reserve officials, and a reduced appetite for safe-haven assets amid shifting risk sentiment.

Q7. What do market experts say about the current gold trend?
According to Saumil Gandhi, Senior Analyst–Commodity at HDFC Securities, global cues such as Fed commentary, currency strength, and lower safe-haven demand are driving the current correction in gold prices.

Q8. Should investors be cautious before buying gold now?
Yes, investors are advised to remain cautious in the short term due to policy uncertainty and global volatility. Long-term buyers may consider staggered purchases, while short-term traders should closely monitor RBI and global central bank cues.

Q9. How does the RBI MPC decision impact gold prices?
RBI MPC decisions influence interest rates, inflation outlook, and liquidity. If the RBI maintains a dovish stance or signals rate cuts, gold prices may get support. However, hawkish commentary can strengthen the rupee and cap gold’s upside in the short term.

Q10. Why does a stronger US dollar hurt gold prices?
Gold is priced in US dollars globally. When the dollar strengthens, gold becomes more expensive for non-dollar investors, reducing demand and putting pressure on prices.

Q11. Is the current gold price correction healthy for the market?
Yes, many analysts see the correction as profit-booking after a sharp rally, especially since prices recently crossed the $5,000 per ounce level. Such corrections often stabilize the market.

Q12. Are physical gold buyers affected differently than futures traders?
Yes. Physical gold buyers focus on jewellery demand, weddings, and festivals, while futures traders react more to global cues, currency movements, and interest rate expectations.

Q13. What is the outlook for gold prices in the near term?
In the short term, gold may remain range-bound and volatile due to RBI policy signals, US Fed commentary, and dollar movement. Any geopolitical tension could quickly revive safe-haven demand.

Q14. Is this a good time to buy gold for long-term investment?
For long-term investors, price dips are often seen as accumulation opportunities, especially given ongoing global uncertainty and inflation risks. Experts suggest buying in phases rather than investing a lump sum.

Q15. How do international gold prices affect Indian gold rates?
Indian gold prices closely track international spot prices, along with the USD-INR exchange rate and import duties. A falling global price or a stronger rupee usually leads to lower domestic prices.

Q16. Why are gold prices in Chennai higher than other cities?
Gold prices in Chennai are typically higher due to local taxes, high jewellery demand, and making charges, which influence final retail pricing.

Q17. What is the difference between 24K, 22K, and 18K gold?

• 24K gold: 99.9% pure, mainly used for investment

• 22K gold: 91.6% pure, commonly used for jewellery

• 18K gold: 75% pure, often used in studded or designer jewellery

Q18. What factors should buyers check before purchasing gold today?
Buyers should look at:

• Hallmark certification

• Making charges

• Daily gold rate

• Buyback and exchange policies

Q19. Can gold prices rise again after the RBI MPC announcement?
Yes. If the RBI’s commentary hints at inflation concerns or economic uncertainty, gold prices could rebound despite the recent dip.

Q20. Is gold still considered a safe-haven asset?
Yes. Despite short-term fluctuations, gold remains a trusted hedge against inflation, currency risk, and global uncertainty.

Quick Market Snapshot

• 24K Gold (India): ₹15,441/gram

• MCX Gold Futures: ₹1,52,260/10 grams

• Spot Gold: $4,826.99/oz

• Trend: Volatile with downside bias

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