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Gold, Silver Rate Today: MCX Gold Extend 3% Loss, Silver Fall Over 9% After Nirmala Sitharaman Presents Union Budget 2026- Check Latest City-Wise Prices

Samira Vishwas | February 2, 2026 2:24 AM CST

Gold Price Today: Gold and silver prices witnessed sharp selling pressure on Sunday after Union Finance Minister Nirmala Sitharaman presented the Union Budget 2026 in Parliament. In a special trading session on the Multi-Commodity Exchange (MCX), gold prices extended losses by nearly 3 per cent, while silver rates tumbled over 9 per cent amid heavy profit booking and weak global cues. Check the latest city-wise gold and silver prices below.

Gold Rate in India

MCX gold prices were trading at Rs 1,49,100 per 10 grams, down Rs 3,245 or 2.13 percent, while MCX silver slipped Rs 25,218, or 8.64 per cent, to Rs 2,66,707 per kg. The recent drop in gold and silver ETFs largely mirrors the sharp fall in international bullion prices, especially the decline seen in LBMA rates on January 30, 2026. With domestic exchanges open during the Union Budget session, the impact of the global correction has spilled over into ETF trading on February 1, the first working day after the international sell-off.

18K, 22K, 24K Gold Rate in Major Cities

City	24 Carat Gold Price	22K Carat Gold Price	18K Carat Gold Price
Chennai	16,255	14,900	12,800
mumbai	16,058	14,720	12,044
Delhi	16,073	14,735	12,059
Kolkata	16,058	14,720	12,044
Bangalore	16,058	14,720	12,044
Hyderabad	16,058	14,720	12,044
Kerala	16,058	14,720	12,044
Pune	16,058	14,720	12,044
They’re gone	16,063	14,725	12,049
Ahmedabad	16,063	14,725	12,049

Manisha Chauhan

Manisha Chauhan is a passionate journalist with 3 years of experience in the media industry, covering everything from trending entertainment buzz and celebrity spotlights to thought-provoking book reviews and practical health tips. Known for blending fresh perspectives with reader-friendly writing, she creates content that informs, entertains, and inspires. When she’s not chasing the next viral story, you’ll find her diving into a good book or exploring new wellness trends.

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