
Gold and silver prices rebounded sharply on Tuesday, recovering from losses seen in the previous session as buying interest returned to safe-haven assets. With limited macroeconomic triggers lined up, market focus has shifted back to defensive assets.
Adding to the broader backdrop, President Trump announced a trade deal with India on Monday that cuts US tariffs on Indian goods to 18% from 50%, in return for India halting Russian oil purchases and easing trade barriers, supporting sentiment across global markets.
| City | 24 Karat (₹) | 22 Karat (₹) | 20 Karat (₹) | 18 Karat (₹) |
| New Delhi | ₹1,48,600 | ₹1,36,217 | ₹1,23,833 | ₹1,11,450 |
| Mumbai | ₹1,48,850 | ₹1,36,446 | ₹1,24,042 | ₹1,11,638 |
| Kolkata | ₹1,48,660 | ₹1,36,272 | ₹1,23,883 | ₹1,11,495 |
| Chennai | ₹1,49,290 | ₹1,36,849 | ₹1,24,408 | ₹1,11,968 |
Note: These prices are indicative. Actual prices may vary depending on the dealer's margins, making charges, GST, and other applicable levies.
| City | Silver 999 Fine – 1 Kg Price (₹) |
| New Delhi | ₹2,53,130 |
| Mumbai | ₹2,53,570 |
| Kolkata | ₹2,53,230 |
| Chennai | ₹2,54,310 |
Note: These prices are indicative. Actual prices may vary depending on the dealer's margins, making charges, GST, and other applicable levies.
Read more: India-US Trade Deal Sparks Historic Market Rally, Adds ₹20 Lakh Crore in Wealth.
Gold and silver prices continue to show strong momentum in India, with significant year-on-year gains reflecting positive investor sentiment and global trends. As seen across Delhi, Mumbai, and Bangalore, the rise in precious metal prices highlights their appeal as a hedge against inflation and economic uncertainty.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Feb 3, 2026, 9:59 AM IST

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