🟡 Gold Price Update – February 5, 2026
Gold prices in India staged a recovery on February 5, 2026, with 24K gold at ₹15,945 per gram. MCX gold traded higher, though volatility persisted. City-wise prices showed minor variations, while global markets witnessed profit booking after intraday highs. Experts see renewed investor interest driving…
Market Snapshot
After several sessions of steep decline, gold prices have bounced back, offering relief to both investors and buyers. The yellow metal has now gained for the second consecutive day, signaling renewed strength after last week’s heavy sell-off.
As per GoodReturns data on Thursday, February 5:
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24K Gold: ₹15,945 per gram
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22K Gold: ₹14,616 per gram
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18K Gold: ₹11,959 per gram
MCX Trends
On the Multi Commodity Exchange (MCX), gold showed positive momentum:
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24K gold traded 0.22% higher at ₹1,53,390 per 10 grams.
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Earlier, prices touched an all-time high of ₹1,80,779 per 10 grams, highlighting ongoing volatility in bullion markets.
City-Wise Gold Prices (per 10 grams)
| City | 24K Gold | 22K Gold | 18K Gold |
|---|---|---|---|
| Delhi | ₹1,59,600 | ₹1,46,310 | ₹1,19,740 |
| Mumbai | ₹1,59,450 | ₹1,46,160 | ₹1,19,590 |
| Kolkata | ₹1,59,450 | ₹1,46,160 | ₹1,19,590 |
| Chennai | ₹1,62,570 | ₹1,49,010 | ₹1,27,510 |
| Patna | ₹1,59,500 | ₹1,46,210 | ₹1,19,640 |
| Lucknow | ₹1,59,600 | ₹1,46,310 | ₹1,19,740 |
| Ahmedabad | ₹1,59,500 | ₹1,46,210 | ₹1,19,640 |
| Pune | ₹1,59,450 | ₹1,46,160 | ₹1,19,590 |
| Bangalore | ₹1,59,450 | ₹1,46,160 | ₹1,19,590 |
| Hyderabad | ₹1,59,450 | ₹1,46,160 | ₹1,19,590 |
| Jaipur | ₹1,59,600 | ₹1,46,310 | ₹1,19,740 |
(Similar rates observed across other major cities including Gurugram, Chandigarh, Indore, Bhopal, Nagpur, Nashik, Bhubaneswar, Kerala, Raipur, and Guwahati.)
Global Market Movement
On COMEX, gold slipped into negative territory after profit booking, dropping nearly $200 per ounce from the day’s peak of $5,113.50 per ounce.
Expert Insights
Analysts attribute the rebound to strong global cues. According to Gaurav Garg, Research Analyst at Lemon Markets Desk, gold prices surged over 3% as investors returned to precious metals following last week’s heavy sell-off.
