Gold and Silver Price Shine Again: How Trade Talks, RBI Moves, and Global Cues Are Shaping Gold and Silver
Gold and silver have returned to their role as market leaders, this time with a touch of drama. The India–US trade agreement has stirred market activity, while the RBI’s pause on interest rate cuts has pushed precious metals in different directions. Gold is holding its ground on the MCX, maintaining relative stability, while silver has slipped sharply, once again proving its ability to surprise. With global cues, a stronger dollar, and shifting investor sentiment in play, the bullion market has turned lively. From MCX futures to physical markets, and from Indian cities to global price comparisons, the current movements of gold and silver are drawing close attention.
Gold and Silver Price On Mcx Amid India–US Trade Deal
Gold Prices hold on MCX Amid: Gold, meanwhile, is walking a tightrope. MCX gold futures are hovering around ₹1,53,710 per 10 grams, reflecting recent volatility even as weekend trading remains shut. The April 2026 contract last settled about 0.89% lower at ₹1,52,071, as traders booked profits after the RBI kept interest rates steady at 5.25%. In the physical market, 24K gold continues to glitter near ₹1,53,700 per 10 grams. With trading set to resume on Monday, February 9, all eyes are on whether gold regains momentum-or plays it safe a little longer.
Silver Futures Trumbles on MCX: Silver had a rough ride on MCX, sliding sharply on February 7, 2026. The March 2026 contract is trading near ₹2,49,499 per kg after a dramatic 4%–8.3% plunge in the previous session, when prices hit an intraday low of ₹2,29,187 per kg. The trigger? The RBI pressing pause on rate cuts by keeping the repo rate unchanged, dashing hopes of easier liquidity. Add a stronger US dollar and global prices slipping to $63.90 per ounce, and silver futures felt the full heat. Interestingly, while paper prices cracked, physical silver is still holding its shine at around ₹2,74,900 per kg.
18K, 22K, 24K Gold Rate in Major Cities
| City | 24K Gold Price | 22K Gold Price |
|---|---|---|
| Chennai | ₹1,55,450 | ₹1,42,490 |
| Mumbai | ₹1,53,700 | ₹1,40,890 |
| Delhi | ₹1,53,850 | ₹1,41,040 |
| Kolkata | ₹1,53,700 | ₹1,40,890 |
| Bangalore | ₹1,53,700 | ₹1,40,890 |
| Hyderabad | ₹1,53,700 | ₹1,40,890 |
| Kerala | ₹1,53,700 | ₹1,40,890 |
| Pune | ₹1,53,700 | ₹1,40,890 |
Silver Price In Major Cities
| City | 1kg Silver |
|---|---|
| Chennai | ₹2,53,197 |
| Mumbai | ₹2,53,197 |
| Delhi | ₹2,53,197 |
| Kolkata | ₹2,53,197 |
| Bangalore | ₹2,53,197 |
| Hyderabad | ₹2,53,197 |
| Kerala | ₹2,53,197 |
| Pune | ₹2,53,197 |
Gold Prices Around the World in INR: Where Is Buying Most Affordable?
| Country | Local Currency (1g) | Exchange Rate (to 1 INR) | Price in INR |
|---|---|---|---|
| Dubai (UAE) | AED 597.50 | ₹24.66 | ₹14,734 |
| United States | USD 162.00 | ₹90.58 | ₹14,674 |
| Canada | CAD 221.25 | ₹66.26 | ₹14,660 |
| Ireland | EUR 138.76 | ₹107.00 | ₹14,847 |
| Bangladesh | BDT 6,905 | ₹0.74 | ₹5,110 |
| Pakistan | PKR 45,011 | ₹0.32 | ₹14,404 |
(With Inputs from good returns and mcx)
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Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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