Gold prices in India showed fresh volatility on Friday, February 6, 2026, as global market trends and profit booking influenced domestic rates. Investors, jewellery buyers, and traders are closely watching price movements after recent sharp swings in the precious metals market.
Market data indicates that gold futures are hovering near ₹1.5 lakh per 10 grams, reflecting weak global cues and cautious investor sentiment. For retail buyers, the correction may offer a short-term buying opportunity, especially ahead of the wedding and festive season.
Gold Rates in India on February 6, 2026
As of today, 22-carat gold prices in major cities are trading around ₹14,100–₹14,200 per gram, while 24-carat gold is near ₹15,300–₹15,450 per gram.
Latest Gold Price Snapshot (per gram)
| City | 22K Gold (₹/g) | 24K Gold (₹/g) |
|---|---|---|
| Delhi | ₹14,204 | ~₹15,400 |
| Mumbai | ~₹14,100 | ~₹15,300 |
| Chennai | ~₹14,120 | ~₹15,300 |
| Bengaluru | ₹14,154 | ₹15,441 |
| Hyderabad | ~₹14,150 | ~₹15,440 |
| Kolkata | ₹13,965 | ₹15,235 |
Note: Prices vary slightly between cities due to local taxes, transport costs, and jeweller margins.
Key Market Trend: Gold Prices Slip After Recent Volatility
Gold has seen sharp ups and downs over the past few days. Market indicators show:
- Gold futures dipped below ₹1.5 lakh per 10 grams on the MCX.
- The fall followed weak global sentiment and a stronger US dollar.
- Prices had earlier touched record highs before correcting.
In some markets, reports showed declines of more than ₹2,000 per 10 grams during the latest correction.
This volatility is mainly linked to:
- Global stock market movements
- Currency fluctuations
- Changes in investor demand
Why Gold Prices Matter Today
Gold remains one of the most important assets for Indian households. Price movements directly affect wedding jewellery purchases, festive buying, investment demand, and inflation expectations. Gold prices also influence overall consumer sentiment and spending patterns in the economy.
What Is Causing the Latest Price Movement
1) Global Market Pressure
Recent international market volatility pushed gold prices lower as investors booked profits.
2) Stronger US Dollar
A rising dollar typically puts pressure on gold prices, making the metal more expensive for buyers in other currencies.
3) Investor Caution
After sharp rallies earlier in the year, many traders are reducing positions, leading to price corrections.
Short-Term Outlook for Gold
Analysts expect gold to remain volatile in the short term due to global economic uncertainty, interest rate expectations, and currency movements. However, the recent correction may present a short-term buying opportunity after the price fall.
Should You Buy Gold Now?
For jewellery buyers:
- The current dip may reduce overall purchase costs.
- Prices are lower than recent peaks.
For investors:
- Gold remains a long-term safe-haven asset.
- Short-term volatility is likely to continue.
Experts generally suggest buying gradually instead of making large purchases at once.
Difference Between 22K and 24K Gold
24-carat gold
- Purity: 99.9%
- Used mainly for investment
- Softer metal, not ideal for jewellery
22-carat gold
- Purity: 91.6%
- Mixed with other metals
- Commonly used in jewellery
Factors That Decide Gold Prices in India
Several factors influence daily gold rates:
- International gold prices
- Rupee-dollar exchange rate
- Import duties and taxes
- Local demand and supply
- Inflation trends
Important Buying Tips for Consumers
Before buying gold:
- Check the BIS hallmark for purity.
- Compare rates across multiple jewellers.
- Ask for a detailed bill.
- Consider making charges and GST.
Gold Price Trend: Recent Movement
Recent data shows gold has moved sharply in the past few sessions. Prices touched record highs earlier this year, then corrected in the last few days. They are now trading near ₹1.5 lakh per 10 grams in futures markets.
Bottom Line
Gold prices on February 6, 2026, are slightly lower across major Indian cities, giving some relief to buyers after recent highs. With 22K gold around ₹14,100–₹14,200 per gram and 24K gold near ₹15,300–₹15,450 per gram, the market remains volatile but attractive for gradual buying. Investors and consumers are advised to track daily rates, as global market movements may continue to influence prices in the coming days.
Financial Disclaimer: Markets and investment-related products are subject to risks and fluctuations. Readers should conduct their own research and consider consulting a qualified financial advisor before making any investment decisions.
Last Updated on: Friday, February 6, 2026 2:23 pm by Digital Herald Team | Published by: Digital Herald Team on Friday, February 6, 2026 2:23 pm | News Categories: Finance, Education