Gold and silver prices showed a mild recovery on Monday, February 9, 2026, after sharp swings in the previous week. The rebound comes as global markets stabilised and investors returned to safe-haven assets.
Domestic gold prices moved closer to the ₹1.56–₹1.58 lakh per 10 grams range for 24-carat gold, while silver also saw a strong bounce after a recent drop. The latest movement is important for jewellery buyers, investors, and those planning purchases ahead of upcoming wedding and festival seasons.
Gold Price Today: Key Rates on February 9, 2026
As of February 9, 2026, gold prices in India showed a modest recovery.
The price of 24-carat gold is hovering around ₹1.56 lakh to ₹1.58 lakh per 10 grams. The 22-carat gold rate is close to ₹1.43 lakh per 10 grams, while 18-carat gold is trading around ₹1.17 lakh per 10 grams. The recovery comes after a short correction in prices last week, which attracted fresh buying from investors.
City-Wise Gold Rates Today
Gold prices vary slightly across cities due to local taxes, transportation costs, and demand levels.
Delhi Gold Rate
In Delhi, the price of 24-carat gold is trading roughly between ₹1,52,000 and ₹1,56,000 per 10 grams. The 22-carat gold rate is around ₹1,39,000 to ₹1,43,000 per 10 grams, depending on the jeweller and local charges.
Mumbai Gold Rate
In Mumbai, 24-carat gold is selling close to ₹1,51,000 to ₹1,56,000 per 10 grams. The 22-carat gold rate is around ₹1,44,000 per 10 grams. Prices in Mumbai often remain slightly lower than in northern cities due to differences in local taxes.
Bengaluru Gold Rate
In Bengaluru, 24-carat gold is priced roughly between ₹1,53,000 and ₹1,56,000 per 10 grams. The 22-carat gold rate is trading around ₹1,39,000 to ₹1,43,000 per 10 grams. Actual retail prices may vary slightly depending on making charges and local demand.
Silver Price Today
Silver prices also showed a strong recovery on February 9.
On the Multi Commodity Exchange (MCX), silver rebounded by nearly ₹10,000, reaching close to ₹2.6 lakh per kilogram after a sharp fall earlier. The recovery follows a nearly 10% drop in silver prices during the last two trading sessions of the previous week.
Why Gold and Silver Prices Recovered Today
Several global and domestic factors supported the rebound in prices.
One major reason is the movement in global markets. A weaker US dollar and renewed safe-haven demand helped gold recover after last week’s correction. Precious metals often rise when investors look for safer assets during uncertain economic or geopolitical conditions.
Recent market volatility also encouraged fresh buying in gold and silver. Another factor is the sharp fall seen earlier. Gold had dropped by around 2%, while silver saw a steeper decline of nearly 10% before the current rebound.
Recent Price Trend: Sharp Swings in the Past 10 Days
Gold and silver prices have been highly volatile in early February.
Gold had fallen by more than 12% in about 10 days after hitting a record high earlier in the year. Silver also saw steep corrections during the same period. The sudden rebound on February 9 indicates a shift in market sentiment and fresh buying interest.
What Analysts Expect Next
Market experts say gold prices may remain volatile in the near term.
Key factors that could affect prices include global interest rate trends, inflation data, currency movements, and geopolitical tensions. Investors are being advised to monitor global economic indicators before making major buying decisions.
Is This a Good Time to Buy Gold?
The recent correction followed by a mild recovery has created mixed signals for buyers.
Some investors see the current prices as a buying opportunity after the recent fall, while others are waiting to see if prices dip again before making purchases.
For jewellery buyers, small daily changes may not matter much. However, for investors, even a ₹2,000–₹3,000 movement per 10 grams can affect overall returns.
Factors That Affect Gold Prices in India
Gold prices in India are influenced by several key factors.
The international gold rate is one of the biggest drivers, as India imports most of its gold. Currency exchange rates, especially the value of the rupee against the US dollar, also play a major role.
Domestic demand during wedding seasons and festivals can push prices higher. Interest rate changes and global economic uncertainty also impact gold’s appeal as an investment.
Gold as an Investment in 2026
Gold continues to remain a popular investment choice in India.
It is widely seen as a safe asset during uncertain times. Many investors use gold to protect against inflation, diversify their portfolios, and preserve long-term value. India remains one of the world’s largest gold consumers, driven by both cultural demand and investment needs.
What Buyers Should Check Before Purchasing
Before buying gold, experts suggest a few key checks.
Buyers should compare prices across jewellers, check the day’s gold rate, and look for BIS hallmark certification. It is also important to understand making charges and taxes, as these can significantly affect the final price.
The Bottom Line
Gold and silver prices showed a mild recovery on February 9, 2026, after recent volatility.
Gold is trading around ₹1.56–₹1.58 lakh per 10 grams, while silver has rebounded close to ₹2.6 lakh per kilogram.
City-wise rates remain slightly different due to local factors, but overall trends indicate renewed investor interest in precious metals. With markets still uncertain, gold prices are expected to stay volatile in the short term. Buyers and investors are advised to track daily movements before making decisions.
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: Monday, February 9, 2026 3:02 pm by Digital Herald Team | Published by: Digital Herald Team on Monday, February 9, 2026 3:02 pm | News Categories: Finance