Gold Rate Today in India
On 1 February 2026, the price of 24K gold at ₹147,960 per 10 grams, reflecting a loss of ₹2,740 compared to its previous close. Meanwhile, 22K gold is at ₹135,630 per 10 grams.
Gold prices in India are largely influenced by international spot gold rates, US dollar fluctuations, and import duties on Gold among other things.
Gold prices in India continue to remain higher than in Dubai. On 1 February 2026 the price of 24K gold in India is at ₹147,960 per 10 grams, while in Dubai it is ₹131,897, reflecting a difference of ₹16,063 or 12.18%. Similarly, 22K and 18K gold prices in India were also about 12.18% costlier compared to the price of gold in Dubai, not accounting for fees, duties, and taxes.
Gold Rate Today in India (₹ per 10 grams)
| Type | Today's Price (₹) | Yesterday's Price (₹) | Change (₹) | Change (%) |
|---|---|---|---|---|
| 24 Carat | 147,960 | 150,700 | 2,740.00 | 1.82% |
| 22 Carat | 135,630 | 138,142 | 2,511.70 | 1.82% |
| 18 Carat | 110,970 | 113,025 | 2,055.00 | 1.82% |
Why is the Gold price moving today?
Gold prices were down sharply on the back of a steep price correction and a rise in the US dollar. The dollar was up nearly 1%, marking one of its biggest jumps since July. This weighed heavily on gold prices, as a strong dollar makes precious metals like gold more expensive for overseas currency holders.
Additionally, easing geopolitical tensions also added to the slump in gold prices, as Russia and Ukraine prepare for the next round of peace talks led by the US. Easing geopolitical tensions usually decrease the safe-haven demand for assets like gold.
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Further, US President Donald Trump’s nomination of Kevin Warsh as the next chair of the US Federal Reserve has also weighed on gold prices.
Outlook for Gold Investors
Analysts expect a sharp pullback in gold prices in the near term owing to steep price corrections and a strong dollar. With easing geopolitical tensions and a firm dollar, investors may divert towards interest-yielding assets like government bonds and currencies.
However, experts have added that despite the sharp drop in prices, demand for gold remains higher than supply, and the Union Budget 2026 will provide fresh cues on the long-term trajectory of gold prices.
Retail investors are advised to track not just domestic rates but also international trends before making buying decisions.
Gold Rate Today in Metro Cities (₹ per 10 grams)
| City | 24 Carat(₹) | 22 Carat(₹) | 18 Carat(₹) |
|---|---|---|---|
| Ahmedabad | 148,160 ( 2,740.00 ) | 135,813 ( 2,511.70 ) | 111,120 ( 2,055.00 ) |
| Bangalore | 148,080 ( 2,740.00 ) | 135,740 ( 2,511.70 ) | 111,060 ( 2,055.00 ) |
| Chennai | 148,390 ( 2,740.00 ) | 136,024 ( 2,511.60 ) | 111,293 ( 2,055.00 ) |
| Delhi | 147,700 ( 2,730.00 ) | 135,392 ( 2,502.50 ) | 110,775 ( 2,047.50 ) |
| Hyderabad | 148,190 ( 2,750.00 ) | 135,841 ( 2,520.90 ) | 111,143 ( 2,062.50 ) |
| Kolkata | 147,760 ( 2,740.00 ) | 135,447 ( 2,511.60 ) | 110,820 ( 2,055.00 ) |
| Mumbai | 147,960 ( 2,740.00 ) | 135,630 ( 2,511.70 ) | 110,970 ( 2,055.00 ) |
| Pune | 147,960 ( 2,740.00 ) | 135,630 ( 2,511.70 ) | 110,970 ( 2,055.00 ) |
| Surat | 148,160 ( 2,740.00 ) | 135,813 ( 2,511.70 ) | 111,120 ( 2,055.00 ) |