Gold & Silver Rates Today: MCX Gold Reclaims Rs 1.53 Lakh, Silver Soars 14%; 24K, 22K, 18K Gold Prices

Gold rates in India witnessed strong buying sentiment on February 2, 2026, after India and the US announced a major trade deal. US President Donald Trump has trimmed tariffs to 18% from the previously imposed 50%. MCX gold surged to reclaim above Rs 1.53 lakh mark, and MCX silver climbed near the Rs 2.7 lakh level. Both gold and silver rallied by over 6% to 15%.

The performance tracked bullish sentiments in global cues. Spot gold has jumped nearly 5%, and spot silver has zoomed over 11%.

Effective immediately, Trump announced that US will reduce reciprocal tariffs from 25% to 18%. This will eventually lead to scrap the additional 25% tariffs that was imposed in August last year.

By mid-2025, US tariffs on Indian exports reached 50% which was a combination of 10% baseline, 15% reciprocal making 25% plus additional 25% punitive duty imposed with effect from August 27, 2025.

US is looking forward to make more cuts in tariffs till they reach to zero levels. Trump said, "we agreed to a Trade Deal between the United States and India, whereby the United States will charge a reduced Reciprocal Tariff, lowering it from 25% to 18%. They will likewise move forward to reduce their Tariffs and Non Tariff Barriers against the United States, to ZERO."

This is a major good news in economic perspective, but global trade tensions continue to pertain.

LIVE Feed

Feb 03, 2026, 2:08 pm IST

Silver Live Updates: MCX Silver Nears Rs 2.7 Lakh

MCX silver price with March 2026 expiry, witnessed a sharp buying sentiment which pushed the precious metal to near Rs 2.7 lakh mark. At the time of writing, MCX silver traded at Rs 2,67,890 per 1Kg, higher by Rs 31,629 or 13.4%, which is near its intraday high of Rs 2,69,654 per 1Kg.

Feb 03, 2026, 2:06 pm IST

Gold Rates Live Updates: MCX Gold Reclaims Above Rs 1.53 Lakh

Extending their rally during the second half session of February 3rd, MCX gold futures with April 2026 expiry, reclaimed above Rs 1.53 lakh mark. The bullion touched an intraday high of Rs 1,53,290 per 10 grams. Currently, gold is up by over 6.2%.

Feb 03, 2026, 2:05 pm IST

Gold Rates In India Live Updates: 24 Carat Rallies

24 carat gold prices rally due to positive global cues. 10 grams gold holds above Rs 1.53 lakh mark. From 1 gram to 100 grams, gold price saw a rally ranging from Rs 88 to Rs 8,800.

Feb 03, 2026, 11:49 am IST

Silver Rates Live Updates: Watch Bit-By-Bit Changes In Silver

Stay tuned with GoodReturns to know bit-by-bit changes in silver prices in India.

Feb 03, 2026, 11:48 am IST

Market Live Updates: How India-US Trade Impacts Countries

Dinesh Kanabar, CEO and Chairman, Dhruva Advisors:The India–US FTA is far more than a trade arrangement—it signals a strategic reset in the economic partnership between the world’s oldest and largest democracies. Coming close on the heels of the India–UAE agreement, India has now effectively stitched market access with the most dynamic consumption and investment hubs. For Indian business, this is not incremental—it is transformational. It opens predictable entry into high-value supply chains, technology collaboration and services mobility that were earlier constrained by tariff and regulatory frictions.

Feb 03, 2026, 11:47 am IST

Gold Rates Live Update: Stay Tuned For Real-Time Gold Performance

Check out real-time changes in gold prices in India.

Feb 03, 2026, 11:46 am IST

Commodity Market Live: MCX Copper Rallies

Majority commodity prices surged significantly on February 3rd. At the time of writing, MCX copper was up by 4.30% to trade around Rs 1,271.35 per 1Kg. Meanwhile, MCX nickel is up over 0.5% to trade around Rs 1,538. Similarly. MCX zinc surged nearly 1% to trade around Rs 326.90.

Feb 03, 2026, 11:32 am IST

Gold Prices Live Updates: MCX Gold Shy Of Rs 1.5 Lakh

Following positive global cues, MCX gold price rallied significantly on February 2. The gold futures with April 2026 expiry, surged by 4% to trade at Rs 1,49,398 per 10 grams, which is near its day's high of Rs 1,49,996 per 10 grams. Meanwhile, MCX silver rallied by 7% to 8% to trade around Rs 2.6 lakh to Rs 2.61 lakh per 1Kg.

Feb 03, 2026, 9:42 am IST

Gold & Silver Prices Live: India - US Trade Deal

With immediate effect, Trump announced that US will reduce reciprocal tariffs from 25% to 18%. This will eventually lead to scrap the additional 25% tariffs that was imposed in August last year. By mid-2025, US tariffs on Indian exports reached 50% which was a combination of 10% baseline, 15% reciprocal making 25% plus additional 25% punitive duty imposed with effect from August 27, 2025.

Feb 03, 2026, 9:41 am IST

Silver Prices Live Updates: Spot Silver Up 11%

Silver futures gained by over 11.2% to hit an intraday high of 85.685 per ounce. As per Trading Economics, silver rebounded clawing back some losses after a sharp two-day selloff that erased as much as 40% of its value from record highs. Precious metals scaled fresh all-time highs throughout January, driven by heightened geopolitical and economic uncertainty, currency debasement concerns, and threats over the Federal Reserve’s independence, all of which boosted safe-haven demand. A structural supply deficit in the silver market, alongside rising investment inflows, particularly from Chinese speculators, further amplified the rally. The reversal came on Jan. 30, when silver plunged a record 26% after US President Donald Trump nominated Kevin Warsh as the next Fed chair, widely seen by markets as a hawkish candidate.

Feb 03, 2026, 9:39 am IST

Gold Rates Live Updates: Spot Gold Jumps 5%

Comex gold futures rallied by nearly 5% to hit an intraday high of ,877.99 per ounce after India and US finalised a trade deal. As per Trading Economics, Despite recent volatility, gold remained supported by strong central bank purchases and the so-called “debasement trade,” as investors rotated into physical assets from currencies and bonds amid growing fiscal concerns. Global uncertainty, as well as worries over the Fed’s independence, further reinforced gold’s appeal as a safe-haven asset.