Gold and Silver Rates in India on February 2, 2026
Here's a brief overview of the gold and silver rates in major Indian cities today, February 2, 2026. Please note that these rates are indicative and may vary slightly depending on the jeweler. These rates do not include GST, TCS, and other levies.
Gold Rates
The gold price in India today is ₹15,153 per gram for 24 karat gold, ₹13,890 per gram for 22 karat gold and ₹11,365 per gram for 18 karat gold.
- 24 Karat Gold: ₹15,153 per gram
- 22 Karat Gold: ₹13,890 per gram
- 18 Karat Gold: ₹11,365 per gram
Indicative gold rates in Mumbai:
- 24 Carat Gold: ₹16,057 per gram
- 22 Carat Gold: ₹14,719 per gram
- 18 Carat Gold: ₹12,043 per gram
Silver Rates
Silver rates as of February 1, 2026:
- ₹349.90 per gram
- ₹3,49,900 per kilogram
Silver rates in Delhi on February 2, 2026:
- ₹350 per gram
- ₹3,50,000 per kilogram
Factors Influencing Gold and Silver Prices
Several factors influence the daily fluctuations in gold and silver prices. These include:
- Global market trends
- Inflation
- Rupee-dollar exchange rates
- Demand-supply dynamics
- International prices
Investment Options
Apart from physical gold and silver, alternative investment options are available:
- Silver ETFs for easier management and liquidity
- Sovereign Silver Bonds (currently suspended)
- Silver ETFs/Funds
- Futures and options on MCX
- Silver mining stocks
Conclusion
As of February 2, 2026, gold prices in India are around ₹15,153 per gram for 24 karat gold. Silver prices are approximately ₹349.90 per gram. These rates are influenced by various global and economic factors. Investors have several options for investing in gold and silver, including physical assets and ETFs.
