Gold and silver rates today: Latest Rates in all Major Cities for Today
Gold and silver rates today show a slight dip in gold prices amid global market volatility, while silver remains relatively stable from recent corrections. From an Indian perspective, these fluctuations impact wedding season buying and investment decisions in major cities like Delhi and Mumbai.
Gold Prices (24K, 22K, 18K)
Gold prices per gram for today (February 6, 2026) in major Indian cities reflect minor declines, with 24K gold averaging around ₹15,441 in Mumbai, Bangalore, Kolkata, Hyderabad, Kerala, and Pune. Prices vary slightly by city due to local taxes and premiums; Chennai sees higher rates at ₹15,621 for 24K. Delhi and Vadodara/Ahmedabad also show small premiums.
| City | 24K (₹/g) | 22K (₹/g) | 18K (₹/g) |
| Chennai | 15,621 | 14,319 | 12,249 |
| Mumbai | 15,441 | 14,154 | 11,581 |
| Delhi | 15,456 | 14,169 | 11,596 |
| Kolkata | 15,441 | 14,154 | 11,581 |
| Bangalore | 15,441 | 14,154 | 11,581 |
| Hyderabad | 15,441 | 14,154 | 11,581 |
| Kerala | 15,441 | 14,154 | 11,581 |
| Pune | 15,441 | 14,154 | 11,581 |
| Vadodara | 15,446 | 14,159 | 11,586 |
| Ahmedabad | 15,446 | 14,159 | 11,586 |
Silver Prices
Silver prices per gram stand at approximately ₹300 across metros, with 1kg around ₹3,00,000, down from February peaks due to profit booking. City-wise variations are minimal, but southern cities like Chennai may edge higher based on demand. Check local jewelers for GST-inclusive rates.
| City | Per Gram (₹) | Per Kg (₹) |
| Delhi | 300 | 300,000 |
| Mumbai | 292 | 292,000 |
| Bangalore | 279 | 279,000 |
| Chennai | 340 | 340,000 |
| Kolkata | 289 | 289,000 |
| Hyderabad | 340 | 340,000 |
Copper Prices
Copper trades at ₹1,229 per kg nationally today, down 3.62% from yesterday amid weaker industrial demand signals. Per gram, it’s roughly ₹1.23; prices are uniform across cities as it’s commodity-traded on MCX. Investors watch global cues like US tariffs under President Trump.
| Unit | Price (₹) |
| Per Gram | 1.23 |
| Per Kg | 1,229 |
Platinum Prices
Platinum is at ₹5,961 per gram (₹59,610 per 10g, ₹5,96,100 per 100g), down sharply ₹653/gram from yesterday across all major cities. Uniform pricing prevails in metros like Mumbai, Delhi, Chennai, Kolkata, and Bangalore due to centralized trading. Per kg: approximately ₹59,61,000.
| City | Per Gram (₹) | Per Kg (₹) |
| Mumbai | 5,961 | 59,61,000 |
| Delhi | 5,961 | 59,61,000 |
| Chennai | 5,961 | 59,61,000 |
| Kolkata | 5,961 | 59,61,000 |
| Bangalore | 5,961 | 59,61,000 |
| Hyderabad | 5,961 | 59,61,000 |
Indian Market Context
In India, gold and silver hold cultural significance beyond investment, driving demand during festivals and weddings—yet 2026’s early dips test buyer sentiment. MCX futures influence spot prices, with global factors like US dollar strength and Trump’s trade policies adding pressure. Silver’s industrial use in solar panels boosts long-term appeal despite short-term falls.
Factors Driving Prices
RBI gold reserves and import duties shape local rates, with recent corrections from January highs (gold up overall YTD). Geopolitical tensions and inflation hedge demand support rebounds; copper/platinum tie to auto/electronics sectors. Track MCX for live updates, as city premiums add 1-2%.
Investment Tips
Diversify with sovereign gold bonds for tax-free returns or ETFs for liquidity—avoid physical if storing long-term. For silver, consider coins for numismatic value; monitor Fed rates for reversals. Consult certified jewelers in Lucknow (your area) for making charges, typically 5-10% extra. Always verify GST (3% on gold, 0.25% on silver ornaments).
Future Outlook
Analysts predict gold stabilizing above ₹15,000/g with wedding season ahead, while silver may rebound on green energy demand. Copper could rise with infrastructure push; platinum volatile on EV shifts. Stay updated daily, as prices change by evening auctions.
Disclaimer: Rates are indicative, rounded, and can vary slightly between jewellers, refiners, MCX, and local markets. Always confirm with your local dealer before buying or selling.
With over 15 years of experience in Banking, investment banking, personal finance, or financial planning, Dkush has a knack for breaking down complex financial concepts into actionable, easy-to-understand advice. A MBA finance and a lifelong learner, Dkush is committed to helping readers achieve financial independence through smart budgeting, investing, and wealth-building strategies, Follow Dailyfinancial.in for practical tips and a roadmap to financial success!
