{"id":"f-445134d771-8ad7cbed-5be9-522b-92a5-a29656079862","title":"Gold Rate Today (February 2, 2026): Yellow Metal Plunges Over Rs 9,000; Check 24K, 22K & 18K Prices In Delhi, Mumbai, Chennai, Bangalore, Hyderabad...","description":"Gold Rate Today: Gold prices plunged in recent days after hitting record highs, with MCX, Comex and city rates falling sharply amid profit-booking and weak global cues.","timestamp":1770028776,"category":"business","headline":"Gold Rate Today (February 2, 2026): Yellow Metal Plunges Over Rs 9,000; Check 24K, 22K & 18K Prices In Delhi, Mumbai, Chennai, Bangalore, Hyderabad...","modifiedHeadline":"Gold Price Drops Sharply Today","subCategories":["scid_6a7129b0"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"81","fcSummary":"gold prices experienced a sharp, short-term correction after reaching record highs, driven by investor profit-booking, weak global cues, and a stronger dollar. this volatility impacted futures, spot markets, and jewellery rates across domestic and international markets.","summary":"Gold prices plunge over Rs 9,000 amid profit-booking and weak global cues, impacting 24K, 22K & 18K rates.","ctaUrl":"https://trends.glance.com/newz/news/IN/en/timesnow/f-445134d771-8ad7cbed-5be9-522b-92a5-a29656079862","sourceUrl":"https://www.timesnownews.com/business-economy/personal-finance/gold-rate-today-february-2-2026-check-24k-22k-18k-prices-in-delhi-mumbai-chennai-bangalore-hyderabad-other-major-cities-article-153545567","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/ptWyy5WzRDK0.webp","content":"

Gold Rate Today: Gold prices saw a dramatic reversal over the past few sessions, shaking both retail buyers and market participants. After touching record

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highs in earlier weeks, bullion prices slumped across domestic and global markets, marking one of the steepest short-term corrections seen in recent months. The decline unfolded over two to three days, coinciding with Budget Day trading, profit-booking by investors, and weak global cues. From futures contracts to spot markets and jewellery rates, gold saw losses across the board. On Monday, February 2, gold prices in India were largely steady, with 24 karat gold priced at Rs 15,153 per gram. Meanwhile, 22-carat gold was trading at Rs 13,890 per gram, while 18-carat gold, also known as 999 gold, stood at Rs 11,363 per gram, according to the data from Goodreturns. MCX Gold Sees Steep Volatility MCX gold prices started the session on a weak note, opening 1.18 per cent lower at Rs 1,46,000 per 10 grams compared with the previous close of Rs 1,47,753. The yellow metal continued to trade in the red, slipping Rs 1,253, or 0.85 per cent, to Rs 1,46,500 per 10 grams, after touching an intraday low of Rs 1,43,501. On the Multi Commodity Exchange (MCX), gold prices dropped sharply by more than 20 per cent within two days. The metal opened Sunday’s session at Rs 1,46,800 per 10 grams, fell to Rs 1,36,185, and later recovered slightly to close near Rs 1,43,000 per 10 grams. Gold Rate Across Major Cities

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City	24 Carat Gold (10g)	22 Carat Gold (10g)	18 Carat Gold (10g)
Delhi	Rs 1,51,680	Rs 1,39,050	Rs 1,13,800
Mumbai	Rs 1,51,530	Rs 1,38,900	Rs 1,13,650
Kolkata	Rs 1,51,530	Rs 1,38,900	Rs 1,13,650
Chennai	Rs 1,52,180	Rs 1,39,500	Rs 1,20,000
Patna	Rs 1,51,580	Rs 1,38,950	Rs 1,13,700
Lucknow	Rs 1,51,680	Rs 1,39,050	Rs 1,13,800
Meerut	Rs 1,51,680	Rs 1,39,050	Rs 1,13,800
Kanpur	Rs 1,51,680	Rs 1,39,050	Rs 1,13,800
Ayodhya	Rs 1,51,680	Rs 1,39,050	Rs 1,13,800
Varanasi	Rs 1,51,680	Rs 1,39,050	Rs 1,13,800
Ghaziabad	Rs 1,51,680	Rs 1,39,050	Rs 1,13,800
Noida	Rs 1,51,680	Rs 1,39,050	Rs 1,13,800
Chandigarh	Rs 1,51,680	Rs 1,39,050	Rs 1,13,800
Gurugram	Rs 1,51,680	Rs 1,39,050	Rs 1,13,800
Jaipur	Rs 1,51,680	Rs 1,39,050	Rs 1,13,800
Ahmedabad	Rs 1,51,580	Rs 1,38,950	Rs 1,13,700
Pune	Rs 1,51,530	Rs 1,38,900	Rs 1,13,650
Ludhiana	Rs 1,51,680	Rs 1,39,050	Rs 1,13,800
Guwahati	Rs 1,51,530	Rs 1,38,900	Rs 1,13,650
Bhopal	Rs 1,51,580	Rs 1,38,950	Rs 1,13,700
Indore	Rs 1,51,580	Rs 1,38,950	Rs 1,13,700
Surat	Rs 1,51,580	Rs 1,38,950	Rs 1,13,700
Nagpur	Rs 1,51,530	Rs 1,38,900	Rs 1,13,650
Nashik	Rs 1,51,560	Rs 1,38,930	Rs 1,13,680
Bangalore	Rs 1,51,530	Rs 1,38,900	Rs 1,13,650
Vadodara	Rs 1,51,580	Rs 1,38,950	Rs 1,13,700
Bhubaneswar	Rs 1,51,530	Rs 1,38,900	Rs 1,13,650
Cuttack	Rs 1,51,530	Rs 1,38,900	Rs 1,13,650
Kerala	Rs 1,51,530	Rs 1,38,900	Rs 1,13,650
Raipur	Rs 1,51,530	Rs 1,38,900	Rs 1,13,650
Hyderabad	Rs 1,51,530	Rs 1,38,900	Rs 1,13,650

Global Markets Added Pressure
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\nWeakness in international markets further weighed on domestic prices. On Comex, gold plunged by $609.70 per ounce, or 11.39 per cent, to $4,745.10 per ounce. Spot gold also came under selling pressure, falling sharply from recent record highs amid profit-booking and a stronger dollar.\n

\n Experts Explain The Sudden Correction
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\nAccording to PTI, Saumil Gandhi, senior commodity analyst at HDFC Securities, said that gold prices fell sharply due to sharp profit-booking by investors after the recent record rally. He added that the selling of long positions by large institutional investors and a recovery in the dollar increased pressure on the bullion market. Technically, both gold and silver had been in overbought conditions for the past several sessions, which already created the possibility of a correction.\n
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Gold Rate Today (February 2, 2026): Yellow Metal Plunges Over Rs 9,000; Check 24K, 22K & 18K Prices In Delhi, Mumbai, Chennai, Bangalore, Hyderabad...

SUMMARY