Gold, Silver Price Today, Feb 1 — Check Prices In Mumbai, Delhi, Chennai, And Other Cities

Silver dropped 7% while gold dipped 9% on Sunday according to MCX. The prices of the white metal collapsed 19% to Rs 3.12 lakh per kg in the national capital on Saturday, while gold plunged 2% to Rs 1.65 lakh per 10 grams, as investors booked profits amid a global selloff triggered by a stronger US dollar, according to a news report in PTI.

The drop in commodities is attributed to rising geopolitical and economic uncertainty. The dollar index rose 0.9% to close at 97.15 after US President Donald Trump nominated Kevin Warsh, a former Fed governor and known proponent of a strong dollar, to head America's central bank, the Federal Reserve, dented the appeal for the safe-haven assets, analysts told the news agency. The carnage in both silver and gold was even more severe in global markets.

The gold rate in India on Sunday is Rs 1,43,330 per 10 gms while the silver rate is Rs 2,75,260 per 1 kg, according the Bullions website.

Gold Price Today

In Mumbai, the financial heart of the country, 24-carat gold is retailing at approximately Rs 1,38,500 per 10 grams. Kolkata follows a similar trend, with its gold rate reported at Rs 1,38,320. Both cities are ahead of the national capital, Delhi, where the 24-carat rate currently stands at Rs 1,69,880.

The southern markets continue to record the highest figures in the country. Chennai leads the metros with a peak rate of Rs 1,38,910, while Hyderabad and Bengaluru follow closely at Rs 1,38,720 and Rs 1,38,610 respectively, keeping the price gap between the southern hubs and the northern capital distinct.

Silver Price Today

Here is how the silver rates are unfolding across major Indian hubs today: Mumbai is the epicenter of this price rally. Prices have surged to Rs 2,65,990 per kg. In the national capital, Delhi, silver is keeping pace with Mumbai, currently priced at Rs 2,65,540 per kg.

Chennai and Hyderabad are seeing silver trade at approximately Rs 2,66,770 and Rs 2,66,420 per kg, respectively. Bengaluru follows closely, with rates hovering around Rs 2,66,200 per kg. Kolkata is also witnessing a surge with silver currently trading at roughly Rs 2,65,640.

Gold Rates City-Wise

The following rates are as per 10 grams of gold.

• Mumbai: Rs 1,38,500

• Delhi: Rs 1,38,260

• Bengaluru: Rs 1,38,610

• Chennai: Rs 1,38,910

• Hyderabad:  Rs 1,38,720

• Kolkata: Rs 1,38,320

Silver Rates City-Wise

The following rates are as per 1 kg

• Mumbai: Rs 2,65,990

• Delhi: Rs 2,65,540

• Bengaluru: Rs 2,66,200

• Chennai: Rs 2,66,770

• Hyderabad: Rs 2,66,420

• Kolkata: Rs 2,65,640

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