Gold Rate Today in India Slides After 2-Day Rally; 24K Drops by Over Rs 50,000 per 100gm, Silver Price Crashes

After posting gains for two consecutive sessions, gold prices in India reversed sharply on Thursday, February 5, 2026, slipping back into the red amid global market volatility and profit booking. As per the latest rates, 24 Karat gold fell by Rs 502 to Rs 15,442 per gram, while 22 Karat gold declined by Rs 460 to Rs 14,155 per gram. The drop erased a part of the recent rally as investors turned cautious and booked profits at higher levels.

Analysts attributed today's fall in gold prices mainly to global cues. Market sentiment was impacted after US President Donald Trump nominated Kevin Warsh as the next Chair of the US Federal Reserve, triggering speculation around a potentially tighter monetary policy stance. Expectations of higher interest rates typically weigh on non-yielding assets such as gold.

Gold Rate Today: Check Latest 22K, 24K & 18K Gold Prices on 5 February 2026

24 Karat Gold Rate Today in India

24 Karat gold today saw a steep drop of Rs 502 per gram. The price of 24 Karat gold slipped to Rs 15,442 per gram, compared with Rs 15,944 per gram yesterday. For larger quantities, 8 grams of 24 Karat gold now costs Rs 1,23,536, down by Rs 4,016, while the price of 10 grams has fallen by Rs 5,020 to Rs 1,54,420. On a bulk basis, 100 grams of 24 Karat gold is now priced at Rs 15,44,200, marking a sharp decline of Rs 50,200 from the previous session.

22 Karat Gold Rate Today in India

The price of 22 Karat gold on Thursday declined by Rs 460 per gram to Rs 14,155, from Rs 14,615 yesterday. In terms of higher quantities, 8 grams of 22 Karat gold is priced at Rs 1,13,240, down Rs 3,680, while 10 grams costs Rs 1,41,550, reflecting a drop of Rs 4,600. The price of 100 grams of 22 Karat gold fell sharply by Rs 46,000 to Rs 14,15,500.

18 Karat Gold Rate Today in India

Meanwhile, 18 Karat gold rate declined by Rs 376 per gram to Rs 11,582, compared with Rs 11,958 in the previous session. Eight grams of 18 Karat gold now costs Rs 92,656, down by Rs 3,008, while 10 grams is priced at Rs 1,15,820, reflecting a fall of Rs 3,760. For 100 grams, the price dropped by Rs 37,600 to Rs 11,58,200 on 5 February 2026.

Silver Rate Today: Latest Silver Prices Per Kg and Gm on February 5, 2026

Silver prices in India witnessed a sharp pullback on Thursday, February 5, 2026, after registering gains in the previous trading session. The price of silver fell by Rs 20 per gram, with the metal trading at Rs 300 per gram, compared with Rs 320 per gram in the previous session. This decline translated into noticeable losses across higher quantities as well.

For small retail buyers, 8 grams of silver is now priced at Rs 2,400, down Rs 160 from yesterday, while 10 grams of silver costs Rs 3,000, reflecting a fall of Rs 200. The price of 100 grams of silver dropped by Rs 2,000 to Rs 30,000, indicating sustained selling pressure.

On a bulk basis, 1 kilogram of silver witnessed a steep correction, slipping by Rs 20,000 to Rs 3,00,000, compared with Rs 3,20,000 in the previous session. This marks one of the sharpest single-day declines in recent days, coming immediately after a strong rally.

"Gold: Maintain a neutral asset allocation for portfolio stability, accumulate gradually during market dips for moderate returns over a medium term," stated Motilal Oswal Private Wealth's Alpha Strategist January 2026 Report.

"Gold's rally has been largely structural and policy-driven, and we continue to view gold as a strategic portfolio asset amid ongoing fiscal imbalances, currency debasement, and an uncertain monetary policy outlook," noted Motilal Oswal report.

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