Check Gold and Silver Prices on Feb 4, 2026, Across Delhi, Mumbai, and Bangalore Here!

Gold and silver prices extended their sharp rally on Wednesday, tracking strong gains in global bullion markets as the US dollar weakened. On MCX, gold April futures opened nearly 3% higher at ₹1,58,420 per 10 grams and surged to an intraday high of ₹1,60,755, marking a rise of over 4.5% from the previous close. Silver March futures also jumped sharply, opening up by ₹10,000 per kg and climbing as much as 6% to hit ₹2,84,094, as investors continued to chase safe-haven assets amid heightened volatility.

Internationally, the momentum remained equally strong. Spot gold rose 2.2% to US$5,044.74 per ounce after posting a massive 5.9% jump on Tuesday, while US gold futures climbed 2.7% to US$5,067 per ounce. Spot silver gained 2.1% to US$86.92 per ounce, even as it stayed sharply below last week’s record high, highlighting the extreme swings currently gripping precious metals markets.

10 Gram Gold Prices in Major Indian Cities on February 4, 2026

Note: These prices are indicative. Actual prices may vary depending on the dealer's margins, making charges, GST, and other applicable levies.

1 KG Silver Prices in Major Indian Cities on February 4, 2026

Note: These prices are indicative. Actual prices may vary depending on the dealer's margins, making charges, GST, and other applicable levies.

Conclusion

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.