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gold silver price: Apart from the Ukraine-Russia war and the ongoing standoff between Iran and America, people’s confidence in investing in gold and silver has increased globally in the last few months due to many other reasons. People, especially investors, invested heavily in gold and silver. This was the reason why gold and silver prices skyrocketed creating records. At present, both gold and silver have gone far away from the hands of the common man. Meanwhile, gold and silver are continuously falling since the last days of January. In the middle of last week, the prices of gold and silver increased slightly, but then started falling. On Saturday (February 7, 2026) also, continuous changes were seen in the prices of gold.

The decline in gold and silver continues

In the international market, spot gold increased to $ 4,887.30 per ounce, while according to GoodReturns, the price of 24 carat gold fell to Rs 152500 per 10 grams. Earlier, on January 29, 2026, gold had reached an all-time high of Rs 1,79,010 per 10 grams. On the other hand, according to All India Bullion Association, 24 carat gold has fallen to Rs 1,57,200 per 10 grams in the country’s capital Delhi. Earlier its price was Rs 1,60,600 per 10 grams. In this way the price of gold has fallen by more than Rs 3000.

Now the futures price on Multi Commodity Exchange (MCX) also fell to Rs 155050 per 10 grams, whereas earlier on January 29, 2026, gold was at a record level of Rs 1,80,779 per 10 grams. According to the data of the Indian Bullion and Jewelers Association (IBJA), the price of gold reached Rs 1,52,078 per 10 grams by the market close on Friday evening (February 06, 2026), a day earlier. Let us tell you here that the market remains closed on Saturday and Sunday.

Why are gold and silver prices falling?

On the other hand, experts believe that the market is closely monitoring the developments to the US-Iran nuclear deal negotiations. In such a situation, the next step of these two countries can affect the direction of precious metals (gold and silver). It is being said that there may be huge fluctuations in the prices of gold and silver at present.

Akshat Garg, head of research and product at Choice Wealth, told The Times of India that the fall in silver has happened mainly because it had risen very rapidly in a short period of time. Gold futures opened on a weak note, but later in the day it erased all its losses and traded at Rs 1,53,047 for 10 grams on MCX, higher by Rs 976 or 0.64 per cent.

Experts who have minute knowledge about gold and silver say that investment in gold and silver can be done from a long term perspective. If desired, long term investors can gradually purchase gold and silver.

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