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    Home»Precious Metal»Gold prices fall sharply on Budget day. Check MCX prices| India News
    Precious Metal

    Gold prices fall sharply on Budget day. Check MCX prices| India News

    February 1, 202617 Mins Read


    Updated on: Feb 02, 2026 5:11:27 AM IST

    Gold, silver rate today LIVE updates: Check prices of both precious metals for the day here.

    Gold, silver rate today LIVE updates: Check prices of both precious metals for the day here.

    Gold, silver price today highlights: 24-carat gold on MCX fell to ₹1,36,185 per 10 grams, down from an opening price of ₹1,46,800 per 10 grams on Sunday, the day of the Union Budget 2026, showing heavy selling and sharp price swings during the session.

    In metro cities like Delhi, Mumbai, Bengaluru and Kolkata, gold prices hovered around ₹1,69,300 per 10 grams, and the highest rate for 24 Karat gold was seen in Chennai, at ₹1,73,010 per 10 grams. The new rates come a day after gold prices reportedly slid ₹3,500, or 2.07 per cent, to ₹1,65,500 per 10 grams (inclusive of all taxes).

    Prices of silver also remained largely unchanged, with a little uptick from Saturday. The highest silver rate was seen in Chennai at ₹4,18,900. In Delhi, Mumbai and Pune, prices hovered around ₹4,10,000.

    Meanwhile, finance minister Nirmala Sitharaman presented the Union Budget for the ninth time in a row today, with her budget speech starting at 11 am, and lastign 1.5 hours. Key announcements can be tracked live here.

    Key gold and silver prices across cities today:

    Cities 24K Gold (per 10 grams) Silver (per kg)
    Mumbai ₹1,69,300 ₹4,10,900
    Delhi ₹1,69,470 ₹4,11,900
    Kolkata ₹1,69,310 ₹4,06,900
    Bengaluru ₹1,69,300 ₹4,05,900
    Chennai ₹1,73,010 ₹4,18,900
    Pune ₹1,69,350 ₹4,12,900
    Surat ₹1,69,300 ₹4,13,900

    What’s happening to gold and silver rates?

    Gold and silver experienced a significant correction on Friday as prices of gold with 99.9 per cent purity reportedly plunged by ₹14,000 per 10 grams, and silver tumbled by ₹20,000 per kilogram. The big crash after a record high in prices of the precious metals was largely attributed to investors aggressively trying to book profits that day.

    Gold prices in the national capital have been trending upward since the start of the year, largely driven by weakness in equity markets, which pushed investors towards safer assets like gold.

    The situation largely remained the same on Saturday. However, globally silver prices tanked about 35 per cent below their record high of $121.755 per ounce.

    …Read More

    In metro cities like Delhi, Mumbai, Bengaluru and Kolkata, gold prices hovered around ₹1,69,300 per 10 grams, and the highest rate for 24 Karat gold was seen in Chennai, at ₹1,73,010 per 10 grams. The new rates come a day after gold prices reportedly slid ₹3,500, or 2.07 per cent, to ₹1,65,500 per 10 grams (inclusive of all taxes).

    Prices of silver also remained largely unchanged, with a little uptick from Saturday. The highest silver rate was seen in Chennai at ₹4,18,900. In Delhi, Mumbai and Pune, prices hovered around ₹4,10,000.

    Meanwhile, finance minister Nirmala Sitharaman presented the Union Budget for the ninth time in a row today, with her budget speech starting at 11 am, and lastign 1.5 hours. Key announcements can be tracked live here.

    Key gold and silver prices across cities today:

    Cities 24K Gold (per 10 grams) Silver (per kg)
    Mumbai ₹1,69,300 ₹4,10,900
    Delhi ₹1,69,470 ₹4,11,900
    Kolkata ₹1,69,310 ₹4,06,900
    Bengaluru ₹1,69,300 ₹4,05,900
    Chennai ₹1,73,010 ₹4,18,900
    Pune ₹1,69,350 ₹4,12,900
    Surat ₹1,69,300 ₹4,13,900

    What’s happening to gold and silver rates?

    Gold and silver experienced a significant correction on Friday as prices of gold with 99.9 per cent purity reportedly plunged by ₹14,000 per 10 grams, and silver tumbled by ₹20,000 per kilogram. The big crash after a record high in prices of the precious metals was largely attributed to investors aggressively trying to book profits that day.

    Gold prices in the national capital have been trending upward since the start of the year, largely driven by weakness in equity markets, which pushed investors towards safer assets like gold.

    The situation largely remained the same on Saturday. However, globally silver prices tanked about 35 per cent below their record high of $121.755 per ounce.

    pin-iconPinned

    Feb 01, 2026 8:37:51 AM IST

    Gold, silver rate today LIVE updates: City-wise break up of gold and silver prices today

    Here’s a list of 24K gold, and silver prices today:

    Mumbai

    24K Gold per 10 gm: ₹1,69,300

    Silver per kg: ₹4,10,900

    Delhi

    24K Gold per 10 gm: ₹1,69,470

    Silver per kg: ₹4,11,900

    Kolkata

    24K Gold per 10 gm: ₹1,69,310

    Silver per kg: ₹4,06,900

    Bengaluru

    24K Gold per 10 gm: ₹1,69,300

    Silver per kg: ₹4,05,900

    Chennai

    24K Gold per 10 gm: ₹1,73,010

    Silver per kg: ₹4,18,900

    Pune

    24K Gold per 10 gm: ₹1,69,350

    Silver per kg: ₹4,12,900

    Surat

    24K Gold per 10 gm: ₹1,69,300

    Silver per kg: ₹4,13,900

    Jaipur

    24K Gold per 10 gm: ₹1,69,380

    Silver per kg: ₹4,12,900

    Feb 02, 2026 5:11:26 AM IST

    Updates to this live blog have ended.

    Feb 01, 2026 10:32:40 PM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Coimbatore today?

    Gold, silver rate today LIVE updates: Gold rate in Coimbatore is ₹1,58,500 per 10 grams for 22 karat and ₹1,72,910 per 10 grams for 24 karat.

    Feb 01, 2026 9:37:03 PM IST

    Gold, silver rate today LIVE updates: What is the price of silver in Ahmedabad today?

    Gold, silver rate today LIVE updates: The price of silver in Ahmedabad today is ₹350 per gram and ₹3,50,000 per kilogram.

    Feb 01, 2026 9:25:39 PM IST

    Gold, silver rate today LIVE updates: What is the price of Gold in Ahmedabad today?

    Gold, silver rate today LIVE updates: The price of gold in Ahmedabad today is ₹16,063 per gram for 24 karat gold, ₹14,725 per gram for 22 karat gold and ₹12,049 per gram for 18 karat gold.

    Feb 01, 2026 7:26:13 PM IST

    Gold, silver rate today LIVE updates: What is the price of Gold in India today?

    Gold, silver rate today LIVE updates: In metro cities like Delhi, Mumbai, Bengaluru and Kolkata, gold prices hovered around ₹1,69,300 per 10 grams, and the highest rate for 24 Karat gold was seen in Chennai, at ₹1,73,010 per 10 grams.

    Feb 01, 2026 7:04:23 PM IST

    Gold, silver rate today LIVE updates: Why Sensex and Nifty crashed after budget announcement?

    Gold, silver rate today LIVE updates: Finance minister Nirmala Sitharaman on Sunday announced a hike in STT (Securities Transaction Tax) on Futures and Options, a move likely to impact derivatives trading costs.

    Sensex and Nifty crashed after the announcement and the conclusion of Sitharaman’s Budget speech.

    Feb 01, 2026 7:01:56 PM IST

    Gold, silver rate today LIVE updates: Gold prices in Mumbai today

    Gold, silver rate today LIVE updates: In metro cities like Mumbai, gold prices hovered around ₹1,69,300 per 10 grams.

    Feb 01, 2026 6:35:26 PM IST

    Gold, silver rate today LIVE updates: Price of gold in Chennai today

    Gold, silver rate today LIVE updates: The price of gold in Chennai today is ₹16,255 per gram for 24 karat gold, ₹14,900 per gram for 22 karat gold and ₹12,800 per gram for 18 karat gold.

    Feb 01, 2026 6:14:37 PM IST

    Gold, silver rate today LIVE updates: What is the price of silver in Lucknow today?

    Gold, silver rate today LIVE updates: The price of silver in Lucknow today is ₹350 per gram and ₹3,50,000 per kilogram.

    Feb 01, 2026 6:12:25 PM IST

    Gold, silver rate today LIVE updates: What is the price of gold in Lucknow today?

    Gold, silver rate today LIVE updates: The price of gold in Lucknow today is ₹16,073 per gram for 24 karat gold, ₹14,735 per gram for 22 karat gold and ₹12,059 per gram for 18 karat gold.

    Feb 01, 2026 5:40:49 PM IST

    Gold, silver rate today LIVE updates: Price of silver in Gurgaon today

    Gold, silver rate today LIVE updates: The price of silver in Gurgaon today is ₹350 per gram and ₹3,50,000 per kilogram.

    Feb 01, 2026 5:37:19 PM IST

    Gold, silver rate today LIVE updates: Price of Gold in Gurgaon today

    Gold, silver rate today LIVE updates: The price of gold in Gurgaon today is ₹16,073 per gram for 24 karat gold, ₹14,735 per gram for 22 karat gold and ₹12,059 per gram for 18 karat gold.

    Feb 01, 2026 5:11:21 PM IST

    Gold, silver rate today LIVE updates: What is the price of gold in Delhi?

    Gold, silver rate today LIVE updates: The price of gold in Delhi on February 1 is ₹1,69,300 per 10 grams.

    Feb 01, 2026 5:06:46 PM IST

    Gold, silver rate today LIVE updates: Why silver is falling?

    Gold, silver rate today LIVE updates: Investors currently seek for safe-haven assets – something they can buy to protect their savings from financial risks – amid rising geopolitical tensions, shifting signals about where interest rates are headed, and trade war threats, The Conversation reported.

    The metals’ crash on Friday came after financial markets reacted to United States President Donald Trump nominating Kevin Warsh as chair of the US Federal Reserve.

    The US Fed plays a central role in global financial stability.

    Feb 01, 2026 5:01:50 PM IST

    Gold, silver rate today LIVE updates: What is silver rate live?

    Gold, silver rate today LIVE updates: Prices of silver also remained largely unchanged, with a little uptick from Saturday. The highest silver rate was seen in Chennai at ₹4,18,900. In Delhi, Mumbai and Pune, prices hovered around ₹4,10,000.

    Feb 01, 2026 4:55:56 PM IST

    Gold, silver rate today LIVE updates: What is gold rate live?

    Gold, silver rate today LIVE updates: In metro cities like Delhi, Mumbai, Bengaluru and Kolkata, gold prices hovered around ₹1,69,300 per 10 grams, and the highest rate for 24 Karat gold was seen in Chennai, at ₹1,73,010 per 10 grams. The new rates come a day after gold prices reportedly slid ₹3,500, or 2.07 per cent, to ₹1,65,500 per 10 grams (inclusive of all taxes).

    Feb 01, 2026 4:54:22 PM IST

    Gold, silver rate today LIVE updates: BSE caps Gold, Silver ETF moves with 20% circuit amid price volatility

    Gold, silver rate today LIVE updates: The BSE has imposed a 20 per cent circuit limit on Gold and Silver exchange-traded funds to rein in sharp price swings.

    For the current trading session, ETF prices will be referenced to the previous day’s net asset value (T-1 NAV), with trades permitted only within a ±20 per cent range. The measure is aimed at containing excessive intraday volatility and safeguarding investors from sudden price fluctuations.

    “In viece price for Gold and Silver ETFs traded on the Exchange shall be based on the T-1 NAV as published by the respective mutual funds or asset management companies. Accordingly, the prescribed price band of +/-20 per cent shall apply to the said T-1 NAV price for trading purposes,” the BSE said in a circular issued earlier today.w of the volatility in underlying gold and silver prices, the referen

    Feb 01, 2026 4:48:30 PM IST

    Gold, silver rate today LIVE updates: What is the price of Gold in Chennai today?

    Gold, silver rate today LIVE updates: The price of gold in Chennai today is ₹16,255 per gram for 24 karat gold, ₹14,900 per gram for 22 karat gold and ₹12,800 per gram for 18 karat gold.

    Feb 01, 2026 4:46:29 PM IST

    Gold, silver rate today LIVE updates: Price of silver in India today

    Gold, silver rate today LIVE updates: The price of silver in India today is ₹350 per gram and ₹3,50,000 per kilogram.

    Feb 01, 2026 4:45:15 PM IST

    Gold, silver rate today LIVE updates: Price of Gold in India today

    Gold, silver rate today LIVE updates: The price of gold in India today is ₹16,058 per gram for 24 karat gold, ₹14,720 per gram for 22 karat gold and ₹12,044 per gram for 18 karat gold.

    Feb 01, 2026 4:41:50 PM IST

    Gold, silver rate today LIVE updates: Gold, silver futures plunge 9% to hit lower circuit ahead of Budget

    Gold, silver rate today LIVE updates: Gold and silver prices dropped up to 9% in futures trade on Sunday, hitting their lower circuit levels ahead of the Union Budget for 2026-27.

    Feb 01, 2026 4:39:38 PM IST

    Gold, silver rate today LIVE updates: What is the price of gold and silver MCX?

    Gold, silver rate today LIVE updates: On the Multi Commodity Exchange (MCX), gold futures (24 carat) were hovering around ₹1,60,860 per 10 grams, while silver MCX was trading at ₹3, 670 per 10 grams.

    MCX gold and silver prices crashed on Friday as investors booked profits amid a global sell-off triggered by a stronger US dollar.

    Feb 01, 2026 4:36:57 PM IST

    Gold, silver rate today LIVE updates: Duty on gold and silver

    Gold, silver rate today LIVE updates: Gold imports in all forms attract a total duty of 6 per cent, comprising 5 per cent basic customs duty (BCD) and 1 per cent agriculture infrastructure and development cess (AIDC).

    Silver imports are also subject to a 6 per cent duty for eligible Indian residents, while non-eligible importers pay a higher levy of 36 per cent. Both gold and silver attract a uniform goods and services tax (GST) of 3 per cent.

    Feb 01, 2026 4:20:29 PM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Nashik today

    Gold, silver rate today LIVE updates: Gold rate in Nashik is ₹1,55,170 per 10 grams for 22 karat and ₹1,69,270 per 10 grams for 24 karat.

    Feb 01, 2026 4:04:37 PM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Nagpur today

    Gold, silver rate today LIVE updates: Gold rate in Nagpur is ₹1,55,250 per 10 grams for 22 karat and ₹1,69,350 per 10 grams for 24 karat.

    Feb 01, 2026 3:51:28 PM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Mysore today

    Gold, silver rate today LIVE updates: Gold rate in Mysore is ₹1,55,260 per 10 grams for 22 karat and ₹1,69,360 per 10 grams for 24 karat.

    Feb 01, 2026 3:33:45 PM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Meerat today

    Gold, silver rate today LIVE updates: Gold rate in Meerut is ₹1,55,390 per 10 grams for 22 karat and ₹1,69,490 per 10 grams for 24 karat.

    Feb 01, 2026 3:19:05 PM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Mangalore today

    Gold, silver rate today LIVE updates: Gold rate in Mangalore is ₹1,55,170 per 10 grams for 22 karat and ₹1,69,270 per 10 grams for 24 karat.

    Feb 01, 2026 3:05:04 PM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Madurai today

    Gold, silver rate today LIVE updates: Gold rate in Madurai is ₹1,58,650 per 10 grams for 22 karat and ₹1,73,060 per 10 grams for 24 karat.

    Feb 01, 2026 2:49:42 PM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Lucknow today

    Gold, silver rate today LIVE updates: Gold rate in Lucknow is ₹1,55,260 per 10 grams for 22 karat and ₹1,69,360 per 10 grams for 24 karat.

    Feb 01, 2026 2:33:54 PM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Kochi today

    Gold, silver rate today LIVE updates: Gold rate in Kochi is ₹1,55,240 per 10 grams for 22 karat and ₹1,69,340 per 10 grams for 24 karat.

    Feb 01, 2026 2:20:28 PM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Kanpur today

    Gold rate in Kanpur is ₹1,55,380 per 10 grams for 22 karat and ₹1,69,480 per 10 grams for 24 karat.

    Feb 01, 2026 1:39:24 PM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Delhi today

    Gold, silver rate today LIVE updates: The gold rate in the national capital on Sunday stands at ₹ 1,43,459 per 10 grams for 22 karat, and ₹ 1,56,495 per 10 grams for 24 karat.

    Feb 01, 2026 1:19:00 PM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Jaipur today?

    Gold rate in Jaipur is ₹1,55,280 per 10 grams for 22 karat and ₹1,69,380 per 10 grams for 24 karat.

    Feb 01, 2026 1:01:52 PM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Hyderabad today?

    Gold rate in Hyderabad is ₹1,55,240 per 10 grams for 22 karat and ₹1,69,340 per 10 grams for 24 karat.

    Feb 01, 2026 12:41:14 PM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Gurgaon today?

    Gold rate in Gurgaon is ₹1,55,350 per 10 grams for 22 karat and ₹1,69,450 per 10 grams for 24 karat.

    Feb 01, 2026 12:33:26 PM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Faridabad today?

    Gold rate in Faridabad is ₹1,55,430 per 10 grams for 22 karat and ₹1,69,530 per 10 grams for 24 karat.

    Feb 01, 2026 12:19:01 PM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Coimbatore today?

    Gold rate in Coimbatore is ₹1,58,500 per 10 grams for 22 karat and ₹1,72,910 per 10 grams for 24 karat.

    Feb 01, 2026 11:58:25 AM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Chandigarh today?

    Gold rate in Chandigarh is ₹1,55,310 per 10 grams for 22 karat and ₹1,69,410 per 10 grams for 24 karat.

    Feb 01, 2026 11:42:02 AM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Bhubaneswar today?

    Gold rate in Bhubaneswar is ₹1,55,120 per 10 grams for 22 karat and ₹1,69,220 per 10 grams for 24 karat.

    Feb 01, 2026 11:29:44 AM IST

    Gold, silver rate today LIVE updates: Gold prices fall nearly 20 per cent over last 2 days

    Gold prices tumbled nearly 20 per cent over the past two days as extreme volatility hit the commodity markets, according to Multi-Commodity Exchange (MCX) data.

    On Sunday, the day of the Union Budget, 24-carat gold on MCX fell to ₹1,36,185 per 10 grams, down from an opening price of ₹1,46,800 per 10 grams, showing heavy selling and sharp price swings during the session.

    (ANI)

    Feb 01, 2026 11:20:23 AM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Bhopal today?

    Gold rate in Bhopal is ₹1,55,320 per 10 grams for 22 karat and ₹1,69,420 per 10 grams for 24 karat.

    Feb 01, 2026 11:10:08 AM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Amritsar today?

    Gold rate in Amritsar is ₹1,55,410 per 10 grams for 22 karat and ₹1,69,510 per 10 grams for 24 karat.

    Feb 01, 2026 11:00:30 AM IST

    Gold, silver rate today LIVE updates: What is the gold rate in Ahmedabad today?

    Gold rate in Ahmedabad is ₹1,55,310 per 10 grams for 22 karat and ₹1,69,410 per 10 grams for 24 karat.

    Feb 01, 2026 10:49:43 AM IST

    Gold, silver rate today LIVE updates: Check silver MCX price for today

    Silver MCX live price is at ₹2,69,490 per kg, down ₹22,435 or 7.69 per cent, as per Groww.

    Feb 01, 2026 10:45:10 AM IST

    Gold, silver rate today LIVE updates: Check gold MCX price for today

    Gold, silver rate today LIVE updates: The gold MCX live price stands at ₹1,42,200 per 10 grams, down ₹7,453 or 4.98 per cent from Saturday, as per Groww.

    Feb 01, 2026 10:38:50 AM IST

    Gold, silver rate today LIVE updates: Gold, silver futures slide 9% ahead of Union Budget 2026 announcement

    Gold and silver futures fell up to 9 per cent on Sunday, hitting lower circuit limits ahead of the 2026-27 Union Budget, as investors booked profits following recent record gains.

    (PTI)

    Feb 01, 2026 10:23:56 AM IST

    Gold, silver rate today LIVE updates: How much did gold, silver rates surge this week?

    Gold and silver prices surged to record highs earlier this week before seeing sharp corrections.

    Silver climbed to an all-time high of ₹4,04,500 per kg on Thursday, but slipped 15 per cent in the following trading session.

    Gold also scaled a fresh peak of ₹1,83,000 per 10 grams on Thursday, before dropping 7.6 per cent to around ₹1,69,000 per 10 grams in the previous trade.

    Overall, gold prices have jumped 20.2 per cent, or ₹27,800, from ₹1,37,700 per 10 grams recorded at the end of last year. Read more here

    Feb 01, 2026 10:11:10 AM IST

    Gold, silver rate today LIVE updates: How did silver perform on Saturday?

    Silver prices plunged nearly 19 per cent to ₹3.12 lakh per kilogram in the national capital on Saturday.

    Data from the All India Sarafa Association showed that silver fell by 18.85 per cent, or ₹72,500, to settle at ₹3,12,000 per kg, inclusive of all taxes, marking the second straight session of steep losses, PTI reported. The sharp fall erased a large part of the gains seen earlier in the week.

    Silver had touched a record high of ₹4,04,500 per kg on Thursday before dropping 15 per cent in the previous trading session. Read more here.

    Feb 01, 2026 9:57:13 AM IST

    Gold, silver rate today LIVE updates: How did gold perform on Saturday?

    Gold prices saw sharp swings in the commodity market on Saturday, dropping about 5.4 per cent to ₹1,69,470 per 10 grams for 24 karat gold. In global markets, gold prices fell by more than 9 per cent to USD 4,887 per ounce. Read more here



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