Gold and silver rates today: Latest Rates in all Major Cities for Today
Gold and silver rates in India on February 5, 2026, show marginal gains amid global uncertainties and domestic demand. From an Indian perspective, these precious metals remain vital for investments and cultural traditions, especially with wedding season approaching.
Today’s Gold Prices
Gold prices per gram for 24K, 22K, and 18K vary slightly by city due to local taxes and making charges. Here’s a table for major cities based on latest updates.
| City | 24K (₹/g) | 22K (₹/g) | 18K (₹/g) |
| Chennai | 16,257 | 14,901 | 12,751 |
| Mumbai | 15,945 | 14,616 | 11,959 |
| Delhi | 15,960 | 14,631 | 11,974 |
| Kolkata | 15,945 | 14,616 | 11,959 |
| Bangalore | 15,945 | 14,616 | 11,959 |
| Hyderabad | 15,945 | 14,616 | 11,959 |
| Kerala | 15,945 | 14,616 | 11,959 |
| Pune | 15,945 | 14,616 | 11,959 |
| Vadodara | 15,950 | 14,621 | 11,964 |
| Ahmedabad | 15,950 | 14,621 | 11,964 |
Prices rose slightly today by ₹1 per gram across purities, following a volatile week post-Union Budget.
Silver Prices Today
Silver trades at ₹320.10 per gram or ₹3,20,100 per kg nationally, with uniform rates in most cities. Demand from industrial uses like electronics supports stability despite recent dips.
| City | Per Gram (₹) | Per Kg (₹) |
| Chennai | 320.10 | 3,20,100 |
| Mumbai | 320.10 | 3,20,100 |
| Delhi | 320.10 | 3,20,100 |
| Kolkata | 320.10 | 3,20,100 |
| Bangalore | 320.10 | 3,20,100 |
| Hyderabad | 320.10 | 3,20,100 |
| Kerala | 320.10 | 3,20,100 |
| Pune | 320.10 | 3,20,100 |
| Vadodara | 320.10 | 3,20,100 |
| Ahmedabad | 320.10 | 3,20,100 |
This marks a ₹100/kg uptick from yesterday, though February has seen an overall 8.54% decline from early-month highs.
Copper Prices Overview
Copper, an industrial metal, stands at approximately ₹1,273 per kg today, down 1.09% amid global supply concerns. Per gram, it’s ₹1.27, but retail varies; not typically city-specific like gold.
| Unit | Price (₹) |
| Per Gram | 1.27 |
| Per Kg | 1,273 |
Prices fluctuate with MCX futures and international LME rates, influenced by India’s infrastructure push.
Platinum Rates Today
Platinum is priced at around ₹6,313 per gram or ₹6,31,300 per kg across major cities, up from recent lows. It’s gaining traction as a gold alternative for jewelry and auto catalysts.
| City | Per Gram (₹) | Per Kg (₹) |
| Chennai | 6,313 | 6,31,300 |
| Mumbai | 6,313 | 6,31,300 |
| Delhi | 6,313 | 6,31,300 |
| Kolkata | 6,313 | 6,31,300 |
| Bangalore | 6,313 | 6,31,300 |
| Hyderabad | 6,313 | 6,31,300 |
| Pune | 6,313 | 6,31,300 |
| Ahmedabad | 6,313 | 6,31,300 |
A recent ₹216/gram rise reflects recovering demand post-2025 volatility.
Indian Market Insights
In India, gold and silver prices hinge on MCX futures, import duties (currently 6% on gold), and festivals like Akshaya Tritiya ahead. Buyers, for instance, see rates aligned with Delhi at ₹15,960/24K gram, factoring local premiums. Rupee depreciation against the USD boosts prices, as most trading is dollar-denominated.
Factors Driving Prices
Global tensions, US Fed rates under President Trump’s policies, and China’s demand shape trends. Domestically, post-budget profit-booking caused February dips, but rural demand via schemes like PM-KISAN sustains buys. Silver’s industrial 50% usage adds volatility from EV boom.
Investment Tips
Diversify with Sovereign Gold Bonds yielding 2.5% interest or digital gold apps for low entry. Check Hallmark for purity; buy during dips for weddings. Consult jewellers for making charges (5-15%).
Historical Trends
Gold hit ₹17,885/24K gram on Jan 29 but corrected; silver surged 47% in January before cooling. Copper and platinum follow similar inflation-hedge patterns, with platinum up 8% monthly. Long-term, these assets beat fixed deposits amid 6-7% inflation.
Future Outlook
Expect stability with wedding peaks, but watch US elections’ aftermath and RBI gold reserves (over 800 tonnes). Analysts predict gold at ₹16,500 average by March 2026. Silver may rebound to ₹3.5 lakh/kg on solar panel demand.
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!
