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Gold prices in India continued their downward trend today, reflecting ongoing global selling pressure and a strengthening US dollar. Both domestic and international factors are influencing bullion rates, pushing gold and silver prices lower across major markets. Investors and buyers are closely watching price movements amid mixed global economic signals and shifting central bank policies.

As of February 6, 2026, 24-carat gold prices have slipped to ₹154,560 per 10 grams in Delhi, while Mumbai reports a rate of ₹154,410 per 10 grams. The decline comes at a time when international gold prices have also softened, adding pressure on local bullion markets.

Why Are Gold Prices Falling?

Market analysts attribute the current dip in gold prices to several key global factors:

• Increased global selling pressure as investors book profits

• Strengthening US dollar, which typically weakens gold demand

• Fluctuating bond yields impacting safe-haven investments

• Short-term market corrections after recent price highs

In the international market, spot gold prices have dropped to $4,826.99 per ounce, reflecting cautious investor sentiment and short-term volatility.

Despite the recent decline, long-term outlooks remain optimistic. JP Morgan forecasts that gold prices could climb to $6,300 per ounce by the end of the year, supported by sustained central bank demand and increased global investment inflows. Experts estimate that central banks may purchase up to 800 tonnes of gold in 2026, reinforcing gold’s long-term value proposition.

Latest Gold Rates in Major Indian Cities (Per 10 Grams)

Gold prices vary slightly across cities due to differences in local taxes, transportation costs, demand, and jeweler margins.

Silver Prices Also Drop Sharply

Silver, another key precious metal, has also experienced a sharp correction. As of February 6, silver prices have declined to ₹2,99,900 per kilogram, compared to over ₹4,00,000 per kilogram recorded on January 30. In global markets, spot silver is currently trading at $76.26 per ounce.

According to Kunal Shah, Vice President and Head of Commodities Research at Nirmal Bang Securities, silver’s recent rally appears to have ended. He advises traders and investors to use any price rebounds as selling opportunities rather than buying, citing extreme volatility and unpredictable price swings.

What This Means for Investors and Buyers

The current price correction presents mixed signals:

• Jewelry buyers may find this a good opportunity to purchase gold at slightly lower rates

• Long-term investors may benefit if prices rebound as projected by global institutions

• Short-term traders should exercise caution due to market volatility, especially in silver

Experts recommend keeping a close watch on global economic indicators, central bank policies, US dollar movement, and geopolitical developments, as these factors heavily influence bullion price trends.

Final Outlook

While gold and silver prices have softened in the short term, the broader long-term outlook remains positive, driven by strong institutional demand, inflation hedging, and safe-haven buying. Investors should stay informed, assess risk carefully, and make decisions aligned with their financial goals.