Gold Rates Today in Major Indian Cities: 24K, 22K, 18K Prices on February 3, 2026 with Silver Trends

Gold and silver rates in India today, February 3, 2026, show a slight dip amid global economic cues and festive demand slowdown. From an Indian perspective, these precious metals remain key for investments, weddings, and hedging inflation in major cities like Mumbai and Delhi.

Today’s Gold Prices

Gold rates per gram for 24K, 22K, and 18K vary slightly across cities due to local taxes and making charges. Prices have fallen marginally by ₹1 per gram today.

Today’s Silver Prices

Silver trades at ₹299.90 per gram or ₹2,99,900 per kg across all major cities, down ₹0.10/g from yesterday. Uniform pricing reflects pan-India spot market influence.

City-wise rates remain consistent: ₹2,999 (10g), ₹29,990 (100g), ₹2,99,900 (1kg) in Chennai, Mumbai, Delhi, Kolkata, Bangalore, Hyderabad, Kerala, Pune, Vadodara, and Ahmedabad.​

Copper Prices Overview

Copper, an industrial metal, stands at ₹1,237 per kg today in India, up slightly by 0.04% amid global demand from electronics and construction. Per gram, it equates to about ₹1.24; rates are uniform as it’s MCX-traded.​

Platinum Prices Snapshot

Platinum hovers around ₹6,097 per gram (₹60,970 per 10g) nationally, used in jewellery and auto catalysts. City variations are minimal; expect similar across majors like Delhi at ₹60,970/10g.​

Indian Market Factors

Gold and silver prices in India track international spot rates from London and COMEX, adjusted for USD-INR exchange (rupee weakening boosts local prices). Domestic factors include wedding season demand in North India, import duties (12.5% on gold), and GST (3%). Festivals like upcoming Holi sustain buying, but global US Fed rate cuts pressure prices downward.

Investment Tips

For residents, check local jewellers for making charges (5-15%). Sovereign Gold Bonds offer 2.5% interest tax-free; buy via banks. Silver ETFs suit small investors amid 47% January rise. Diversify: 10-20% portfolio in gold for inflation hedge, per RBI guidelines.

Recent Trends

Gold dipped from ₹17,885/g (Jan 29 peak) due to profit-booking; silver surged 47% in January from ₹2,38,000/kg. Copper stable post-Jan dip. Watch Trump admin policies for US demand impact on metals.

Buying Guide

Verify BIS hallmark for purity. Compare 10 cities via apps like Good returns. Bargain making charges in tier-2 cities. Online platforms add 3% premium but ensure delivery.​

Future Outlook

Analysts predict gold at ₹16,000/g by Diwali 2026 on geopolitical tensions; silver may hit ₹3.5L/kg if industrial rebound. Track MCX futures for trades. Consult SEBI-registered advisors before investing.