Gold and Silver Price Shine Again: Traders Rejoice After India–US Trade Deal
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The sparkling eyes of Dalal Street show their excitement through actual glowing lights. The prices of gold and silver have returned to their previous importance because MCX prices experienced a sudden increase after the India–US trade agreement was made. The price of April gold futures reached ₹1,48,676 per 10 grams while silver reached a value of more than ₹2,50,000 per kg after experiencing violent price fluctuations. Traders are rushing to profit because safe-haven demand has increased due to tariff reductions and the partial US government shutdown. The 24K gold and 1kg silver prices found in Chennai and Hyderabad markets are creating multiple reasons for investors to celebrate. The markets this week display not only their active movement but also their ability to produce astonishing visual effects.
Gold and Silver Price On Mcx Amid India–US Trade Deal
Gold Prices Rebound on MCX Amid India–US Trade Deal: The Multi Commodity Exchange (MCX) shows that gold prices have increased on February 3, 2026, after experiencing price fluctuations throughout the previous weeks. The April futures contract opened at ₹1,48,000 per 10 grams, which represents a 2.78% increase that demonstrates new investor interest in the market. Gold prices reached ₹1,48,676 by 9:20 AM IST, which established a strong recovery after the previous day closed at ₹1,41,669. Analysts suggest that the surge comes as traders digest the positive India–US trade deal and the partial US government shutdown, both of which have fueled safe-haven buying. Dalal Street traders display an irresistible attraction to the shining value of gold.
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Silver Futures Soar on MCX Amid India–US Trade Deal: Silver on the MCX is stealing the spotlight on February 3, 2026, as prices surge dramatically after extreme recent volatility. Silver futures reached their first upper circuit limit after dropping almost 46% from the peak prices of late January, which caused prices to rise from the previous close of ₹2,36,261 to ₹2,50,436 per kg. The India–US trade agreement, which includes substantial tariff cuts, brought back optimism for the export-based metals market, causing traders to celebrate the market recovery. Silver currently shows powerful upward price movement, which makes it a highly attractive commodity for trading during this week.
Gold Gains Amid US Data Pause: Gold prices increased by over 3% after hitting a one-month low, as traders sought to capitalize on upcoming economic data during the US government shutdown. Investors are buying gold to secure safe-haven investments while the market takes a temporary pause.
18K, 22K, 24K Gold Rate in Major Cities
| City |
24 Carat Gold Price |
22K Carat Gold Price |
18K Carat Gold Price |
| Chennai |
₹15,306 |
₹14,030 |
₹12,010 |
| Mumbai |
₹15,175 |
₹13,910 |
₹11,381 |
| Delhi |
₹15,190 |
₹13,925 |
₹11,396 |
| Kolkata |
₹15,175 |
₹13,910 |
₹11,381 |
| Bangalore |
₹15,175 |
₹13,910 |
₹11,381 |
| Hyderabad |
₹15,175 |
₹13,910 |
₹11,381 |
| Kerala |
₹15,306 |
₹14,030 |
₹12,010 |
| Pune |
₹15,175 |
₹13,910 |
₹11,381 |
Silver Price In Major Cities
| City |
1kg Silver |
| Chennai |
₹2,80,000 |
| Mumbai |
₹2,80,000 |
| Delhi |
₹2,80,000 |
| Kolkata |
₹2,80,000 |
| Bangalore |
₹2,80,000 |
| Hyderabad |
₹2,80,000 |
| Kerala |
₹2,80,000 |
| Pune |
₹2,80,000 |
Gold Prices Around the World in INR: Where Is Buying Most Affordable?
| Country |
Gold Price (10 grams 24 Karat) |
Converted to Indian Rupees Approx. |
| Bangladesh |
BDT 1,84,228 |
₹1,37,910 |
| Pakistan |
PKR 4,50,110 |
₹1,47,305 |
| Dubai (UAE) |
AED 5,607.50 |
₹1,37,870 |
| USA |
USD 1,535 |
₹1,38,640 |
| Canada |
CAD 2,100 |
₹1,38,780 |
| Ireland |
EUR 1,271.60 |
₹1,35,640 |
(With Inputs from good returns and mcx)
Also Read: Stock Market Today: Dalal Street Turns Green! Sensex Jumps 2,400+, Nifty Above 25,800 After India–US Trade Deal; Investors and Traders Celebrate Globally
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.
Always bold with her opinions, she also never misses the chance to weave in expert voices, keeping things balanced and insightful. In short, Aishwarya brings a fresh, sharp, and fact-driven voice to every story she touches.
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