Precious metal prices in India edged lower marginally on 3 February 2026, reflecting muted global cues and stable currency movement.
Silver Price Today (India)
Silver traded slightly lower, with prices down ₹100 per kg compared to the previous session.
Silver per gram: ₹299.90 (↓ ₹0.10)
Silver per kg: ₹2,99,900 (↓ ₹100)
Silver prices in India are closely linked to international spot rates and the USD–INR exchange rate. Any depreciation in the rupee against the dollar typically makes silver more expensive domestically, even if global prices remain flat.
City-wise silver rates (uniform across metros):
10 grams: ₹2,999
100 grams: ₹29,990
1 kg: ₹2,99,900
(Chennai, Mumbai, Delhi, Kolkata, Bengaluru, Hyderabad, Pune, Ahmedabad, Jaipur, Lucknow)
Gold Price Today (India)
Gold prices also softened marginally across all purities, continuing a mild corrective trend after recent volatility.
24K Gold: ₹15,316 per gram (↓ ₹1)
22K Gold: ₹14,039 per gram (↓ ₹1)
18K Gold: ₹11,487 per gram (↓ ₹1)
Gold remains a preferred hedge against inflation and macro uncertainty, with investors tracking global interest rate signals and geopolitical developments.
Major city gold rates (1 gram):
Mumbai / Bengaluru / Hyderabad:
24K: ₹15,316 | 22K: ₹14,039 | 18K: ₹11,487
Delhi:
24K: ₹15,331 | 22K: ₹14,054 | 18K: ₹11,502
Chennai:
24K: ₹15,217 | 22K: ₹13,949 | 18K: ₹11,999
Note: Prices are indicative and exclude GST, TCS, and other levies. Actual rates may vary by jeweller.
Outlook
With global bullion prices range-bound and the rupee relatively stable, analysts expect near-term consolidation in gold and silver prices. Any sharp move in the dollar, crude oil, or US bond yields could drive the next directional trend.
