Gold Prices Tumble Again in Bangalore On Feb 3: Gold & Silver Prices Crash on Heavy Profit Booking

Gold prices in Bangalore have crashed for the fourth consecutive session today due to weak domestic demand and the strengthening of the US dollar, which is currently exerting pressure on gold.

India is celebrating a landmark trade agreement with the United States, even as commodity markets present a mixed picture. Gold prices have remained under pressure this week, with the yellow metal witnessing heavy profit booking after the announcement of Budget 2026, making it one of the most bearish weeks in recent sessions.

In contrast, gold and silver prices in the international market rebounded, recovering part of their recent losses amid a lack of major economic data releases, as a partial US government shutdown kept key indicators off the calendar. global uncertainty is still driving the Market sentiment which is currently cautious, with precious metals and the US dollar experiencing sharp swings due to Fed Chair nominations.

Gold Rate In Banaglore Today

At present, the price of 24-carat gold price in Bangalore has fallen by Rs.1420 per 10 grams, now priced at Rs.1,51,750, while 22-carat gold has dropped by Rs. 1300, trading at Rs. 1,39,100. The 18-carat variant also saw a decline, falling by Rs.1070 to retail at Rs. 1,13,810.

In terms of larger quantities, 100 grams of 24-carat gold rate in Bangalore today have decreased by Rs. 14,200, currently priced at Rs. 15,17,500, while 100 grams of 22-carat gold have slipped by Rs. 13000, now costing Rs. 13,91,000.
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Silver Prices In Bangalore Crash Further

Silver rate in Bangalore is in free fall and has slipped 1.30 lac from its record high. The 1 kilogram silver rate in Bangalore is currently trading at Rs. 2,80,000 after falling by Rs. 20,000. Similarly, the price for 100 grams of silver also fell Rs. 2000 to cost Rs. 28,000.

Gold And Silver Future Price On MCX

On the Multi Commodity Exchange (MCX), the gold futures for April 4th delivery are trading lower by 1.05%, at Rs. 1,46,196 per 10 grams. Likewise, the silver futures for the March 5th expiry are also trading in red down by 10.15%, trading at Rs. 2,38,682

Spot Gold And Silver Rates On Feb 3rd

"Gold and Silver prices extended selloff on Monday amid strong dollar and aggressive profit taking . Gold prices fell by almost 5 % and closed below $4700 level while Silver prices plunged more than 7 % . Further, prices retreated on higher margin requirements at CME following nomination of Kevin Warsh as next Fed Chair . Also, easing geopolitical tension in Middle East undercut safe haven demand . Additionally, hawkish comment from Fed official accelerated losses" as per ICICI Commodity Outlook

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