Gold futures near Rs 1.6 lakh as precious metals scale fresh peaks—Check rates in your city

Gold prices have surged almost 17 per cent during this year because of the debasement trade, which occurs when investors sell sovereign bonds and currencies and because the US dollar remains weak and geopolitical threats persist
Gold futures near Rs 1.6 lakh as precious metals scale fresh peaks—Check rates in your city
The gold price today touched a high of Rs 1,57,748, up 1.1 per cent during the session. Image Source: AI generated

Gold and silver prices moved higher as investors looked for safety amid ongoing global and geopolitical uncertainty. Both precious metals are trading close to their all-time high levels in international and domestic markets.

Gold prices are rising today

Spot gold price rose 1.1 per cent to $5,068.05 per ounce, after touching a record high of $5,110.50 per ounce in the previous session.
US gold futures for February delivery gained 0.4 per cent to $5,063.0 per ounce.

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Gold prices are supported by strong safe-haven demand as investors remain cautious about global risks and a weak US dollar.

How is silver performing in the global markets?

Spot silver price jumped 4.47 per cent to $108.39 per ounce, after hitting a record high of $117.69 per ounce on Monday.
Silver has already surged 55 per cent so far this year, showing strong momentum.

What is happening to MCX gold prices today?

MCX gold prices extended their record-breaking rally on Tuesday, tracking gains in international bullion prices.

MCX gold February futures (05FEB2026) hit a lifetime high of Rs 1,59,820 per 10 grams, rising 1.1 per cent on Tuesday.

The yellow metal closed at Rs 1,56,037 in the previous session.

Gold prices have increased by around Rs 3,800 from the earlier all-time high level.

Meanwhile, the gold price today touched a high of Rs 1,57,748, up 1.1 per cent during the session.

What are the latest MCX silver prices?

Silver prices on MCX also surged sharply:

MCX silver futures (05MAR2026) price opened 1.53 per cent higher at Rs 3,39,824 per kg, compared to the previous close of Rs 3,34,699 per kg.

During the day, MCX silver hit a lifetime high of Rs 3,64,821 per kg.

Gold and silver prices at record highs?

Gold prices have climbed nearly 17 per cent so far this year. The rally is supported by:

Investors shift away from sovereign bonds and currencies

  • A weaker US dollar
  • Rising geopolitical risks
  • Strong demand for safe-haven assets

Silver prices are also benefiting from strong global demand and limited supply.

Gold and Silver Prices Today: Check rates in your city

With gold and silver prices touching fresh all-time highs almost every day, buyers and investors should keep a close watch on local rates. The Gold prices may vary across cities due to taxes, making charges, and transportation costs.

Delhi

  • 24K Gold/10 gm: Rs 1,67,646.70
  • 22KGold/10 gm: Rs 1,53,676

Kolkata

  • 24K Gold/10 gm: Rs 1,67,839.70
  • 22KGold/10 gm: Rs 1,53,852

Surat

  • 24K Gold/10 gm: Rs 1,67,843.20
  • 22KGold/10 gm: Rs 1,53,856

Vellore

  • 24K Gold/10 gm: Rs 1,67,843.20
  • 22KGold/10 gm: Rs 1,53,856.27

Gandhinagar

  • 24K Gold/10 gm: Rs 1,67,843.20
  • 22KGold/10 gm: Rs 1,53,856

Hyderabad

  • 24K Gold/10 gm: Rs 1,67,843.20
  • 22KGold/10 gm: Rs 1,53,856.27

Ahmedabad

  • 24K Gold/10 gm: Rs 1,67,843.20
  • 22KGold/10 gm: Rs 1,53,856.27

Kolhapur

  • 24K Gold/10 gm: Rs 1,63,318.70
  • 22KGold/10 gm: Rs 1,49,708

Mysore

  • 24K Gold/10 gm: Rs 1,67,771.20
  • 22KGold/10 gm: Rs 1,53,790