Gold, silver rate highlights: Gold prices fall sharply on Budget day. Check MCX prices

Gold, silver rate today highlights: 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:

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.

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Feb 1, 2026, 08:37:51 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 1, 2026, 09:48:48 IST

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

Gold prices in Pune are ₹1,69,350 per 10 grams for 24 karat gold and ₹1,55,250 per 10 grams for 22 karat gold.

Feb 1, 2026, 09:35:22 IST

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

Gold prices in Kolkata are ₹1,69,310 per 10 grams for 24 karat gold and ₹1,55,210 per 10 grams for 22 karat gold.

Feb 1, 2026, 09:27:40 IST

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

Gold prices in Chennai are ₹1,73,010 per 10 grams for 24 karat gold and ₹1,58,600 per 10 grams for 22 karat gold, the highest across India today.

Feb 1, 2026, 09:08:26 IST

Union Budget 2026: Track important budget announcements here

Finance Minister Nirmala Sitharaman will present her ninth consecutive Union Budget on February 1, with the budget speech scheduled to begin at 11 am. Follow live updates for key announcements here.

Feb 1, 2026, 09:04:25 IST

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

Gold prices in Bengaluru are ₹1,55,200 per 10 grams for 22 karat gold and ₹1,69,300 per 10 grams for 24 karat gold.

Feb 1, 2026, 08:53:14 IST

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

Gold prices in Mumbai stand at ₹1,69,330 per 10 grams for 24 karat gold and ₹1,55,230 per 10 grams for 22 karat gold.

Feb 1, 2026, 08:31:40 IST

Gold, silver rate today LIVE updates: What led to the big price crash for gold and silver?

Gold, silver rate today LIVE updates: A big price crash was seen in gold and silver rates across India on Friday. The development was later attributed to investors aggressively trying to book heavy profits amid weak global trends.

"Gold and silver experienced a significant correction on Friday as investors moved to aggressively book profits following a recent record-breaking rally. This decline was mainly fuelled by the heavy liquidation of long positions by large institutional players, who sought to secure gains after a strong multi-session advance," HDFC Securities’ Senior Commodities Analyst Saumil Gandhi, told news agency PTI.

Feb 1, 2026, 08:19:02 IST

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

Gold, silver rate today LIVE updates: The price of 24K gold in Delhi stood at ₹1,69,470 per 10 grams today. For 22K gold, the rates stood at 1,55,370 per 10 grams.

According to Good Returns, the price of 18K gold in the national capital is at ₹12,059 per 10 grams.