Editor’s Note
This article reports on the significant surge in gold and silver prices on February 4, 2026, driven by gains in international markets. Readers should note that commodity prices are highly volatile and subject to rapid change.
Gold and silver prices continued their strong rally on Wednesday, 4th February 2026.
In the domestic commodity market, gold and silver prices recorded a strong surge for the second consecutive day. On Wednesday, 4th February, gold crossed the level of ₹1.60 lakh per 10 grams, while silver prices recorded a massive jump of 4 percent. This surge has been recorded following gains in the international market. Today, the spot gold rate rose by 2.2% and reached $5,044.74 per ounce.
On the Multi Commodity Exchange (MCX), gold for April contract delivery reached ₹160,755 per 10 grams with a gain of over 4 percent. Meanwhile, silver for March contract delivery reached ₹284,094 per kg with a strong surge of 6 percent.
The weakness of the dollar against other major currencies, except the yen, has supported gold and silver prices. Traders are buying, driven by positive US data and expectations of a softer stance from the Federal Reserve.
According to Good Returns, on Wednesday, 4th February, 24-carat gold in Chennai was recorded at ₹1,62,560 and 22-carat gold at ₹1,49,000 per 10 grams. In Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala, and Pune, the price of 24-carat gold was ₹1,60,530 per 10 grams, while 22-carat gold was trading at ₹1,47,150 per 10 grams. In the capital Delhi, 24-carat gold was being sold at ₹1,60,680 per 10 grams and 22-carat gold at ₹1,47,300 per 10 grams. Meanwhile, in Vadodara and Ahmedabad, the price of 24-carat gold was ₹1,60,580 per 10 grams, while 22-carat gold was being sold at ₹1,47,200 per 10 grams.
| City | 24 Carat Gold (₹/10 grams) | 22 Carat Gold (₹/10 grams) |
|---|---|---|
| Chennai | 1,62,560 | 1,49,000 |
| Mumbai | 1,60,530 | 1,47,150 |
| Kolkata | 1,60,530 | 1,47,150 |
| Bengaluru | 1,60,530 | 1,47,150 |
| Hyderabad | 1,60,530 | 1,47,150 |
| Kerala | 1,60,530 | 1,47,150 |
| Pune | 1,60,530 | 1,47,150 |
| Delhi | 1,60,680 | 1,47,300 |
| Vadodara | 1,60,580 | 1,47,200 |
| Ahmedabad | 1,60,580 | 1,47,200 |