Gold Rate in India Sees Sharp Rebound! 24K Jumps Close To Rs 1.58 Lakh; Correction Or Rally? Feb 10 Outlook

Gold Rate in India: The price of 24-karat gold in India staged a sharp rebound on Monday, February 9, coinciding with a strong recovery in silver prices. The gains were supported by a weaker US dollar and rising geopolitical tensions, which boosted precious metals' safe-haven rally. As markets head into Tuesday's trading session, investors will closely watch gold and silver price movements on February 10 for further cues.

Movement in gold and silver rate in India on Tuesday will be closely linked to the international prices of the precious metals. Release of key US economic data, and update on US Federal Reserve's stance in upcoming monetary policy committee meeting will drive the gold price movement in the trading session.

Gold Rate in India

The price of 24 karat gold in India surged by Rs 131 per gram to Rs 15,791 per gram, as per GoodReturns data at 10 am on Monday, Feb 9. Likewise, the rate of 22 karat gold in India jumped by Rs 120 per gram to Rs 14,475 per gram. The rate of 18 karat gold in India rose by Rs 99 per gram to Rs 11,844 per gram.

Silver Rate in India

The price of silver in India also saw a sharp jump on Monday. Silver rate in India stood at Rs 300 per gram and to Rs 3,00,000 per kilogram. Silver rate in India has jumped around 120% in 2025.

MCX Gold, Silver

Multi Commodity Exchange (MCX) Gold Futures (with April expiry) touched an intraday high of Rs 1,59,026 per 10 gram on Monday. MCX Silver Futures (with March expiry) touched an intraday high of Rs 2,65,976 per kilogram. International gold rate on Monday surged close to 2% to $ 5,070 per ounce, according to Trading Economics.

Gold, Silver Price Outlook

Gold rate in India saw a sharp rebound on Monday and prices may see some correction on Tuesday, February 10. However, ongoing geopolitical tensions, weak US economic data, and other trade tensions related developments can further fuel the rally. US retail sales, job openings and labour turnover survey data will be released on Tuesday and may drive investors sentiment.

In the long-term, gold and silve prices will continue to remain volatile and showcase upward momentum. "Despite the recent spike and near-term volatility in gold prices, our outlook remains unchanged. Short-term moves may stay choppy, but ongoing global uncertainty, central-bank buying and currency trends continue to support gold. Our targets remain the same at Rs 1.8-1.9 lakh per 10 grams by year-end," stated Tushar Badjate, Director of Badjate Stock & shares Pvt Ltd.