Indian gold rates witnessed yet another rally on positive global cues. On February 4th, in the early hours of the trading session, spot gold reclaimed above $5,000 pivotal mark, registering over 6% upside. Meanwhile, spot silver also traded higher around $87 per ounce level.
Following the trend, MCX gold price neared Rs 1.58 lakh mark and MCX silver price surged closer to Rs 2.93 lakh mark. Both the precious metals are racing to hit their key levels of Rs 1.6 lakh and Rs 3 lakh.
Despite the latest corrections in precious metals over the past few days, gold and silver have still surged by nearly 15% each in a month. Meanwhile, in a year, spot gold is up by 77% and silver has given a whopping 172% returns.
The latest reason behind rally in precious metals is geopolitical tensions.
As per Trading Economics, geopolitical tensions also lifted the metal's safe-haven appeal after US forces downed an Iranian drone near an aircraft carrier in the Arabian Sea, although President Donald Trump said diplomacy remains active, with the White House confirming US-Iran talks are still scheduled for Friday. Meanwhile, expectations for rapid Federal Reserve rate cuts eased after Trump nominated Kevin Warsh as Fed chair, though markets still price in two cuts this year, likely around mid-year and later in 2026. Separately, key US labor data, including JOLTS and the monthly jobs report, will be delayed by the partial government shutdown, while House Republicans are set to vote Tuesday on a Senate-approved funding package.
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Feb 04, 2026, 4:02 pm IST
Gold Rates Live: Check Real-Time Changes In Gold Prices
Get latest and bit-by-bit update of gold rates in India including top major cities.
Feb 04, 2026, 3:39 pm IST
Commodity Market Live Updates: Crude Oil Prices Outlook
WTI crude oil held above /bbl earlier today after being further supported by a massive 11 million-barrel inventory draw reported by the API, raising expectations of a similar draw in the upcoming EIA data. This follows a 2% rally in the previous session, driven by renewed geopolitical tensions after the US shot down an Iranian drone near an American aircraft carrier in the Arabian Sea. As per Kaynat Chainwala, AVP Commodity Research, Kotak Securities, Oil prices have been volatile amid the US–Iran standoff, turbulence across broader commodity markets, and movements in the dollar index. Currently, gains have faded, with prices slipping back toward /bbl as markets also monitor trilateral peace talks involving the US, Ukraine, and Russia, as well as still-scheduled US–Iran negotiations in Istanbul on Friday, despite the recent flare-up in tensions.
Feb 04, 2026, 3:38 pm IST
Gold Prices Live Updates: Where Is Bullion Headed?
Spot gold extended gains for a second consecutive session today, surging above ,050/oz after rebounding sharply from lows below ,500/oz hit last week. The rally was supported by a softer dollar and aggressive dip-buying following a brutal sell-off that had pushed prices nearly 20% below record highs. Spot silver also advanced, climbing above /oz after a recent sell-off that had left prices more than 40% below record levels. This follows yesterday’s strong rebound, when spot gold jumped more than 6% to settle above ,945/oz, its largest single-day gain since November 2008, while silver surged 7.5% to .2/oz. Markets are now focused on US ADP non-farm payrolls data and final services PMI readings from major global economies. However, the primary focus remains on Friday’s official US jobs report for signals on the timing of the next Federal Reserve rate cut. CME FedWatch currently shows no easing priced in until May, with June reflecting just a 44.1% probability of a 25bp cut versus a 44.9% chance of rates being held unchanged: Kaynat Chainwala, AVP Commodity Research, Kotak Securities
Feb 04, 2026, 3:17 pm IST
Gold Rates Live Updates: 1 Grams Gold Price In Metro Cities
Check 1 grams gold price in 24 carat, 22 carat and 18 carat in top major metro cities on February 4, 2026.
Feb 04, 2026, 3:15 pm IST
Gold Rates Live Updates: Gold In Chennai Is Expensive
Gold rates in Chennai is expensive than other metro cities. On February 4, 2026, 10 grams gold price in Chennai surged by Rs 6,890 to Rs 1,62,560 in 24 carat, climbed by Rs 6,300 to Rs 1,49,000 in 22 carat and rose by Rs 5,400 to Rs 1,27,500 in 18 carat.
Feb 04, 2026, 2:32 pm IST
Gold Rates Live Updates: 18 Carat Gold Prices In India
18 carat is 75% pure gold and 25% other metals. This gold surged by Rs 495 to Rs 49,500 on February 4th. The price of 10 grams gold in 18 carat soared by Rs 4,950 to Rs 1,20,400.
Feb 04, 2026, 2:31 pm IST
Gold Rates Live Updates: 22 Carat Gold Prices In India
22 carat gold is 91.6% pure gold and 8.4% mixture of alloy metals. This gold price rallied by Rs 605 to a whopping Rs 60,500 on February 4 across its grams. The benchmark 10 grams gold price surged by Rs 6,050 to Rs 1,47,150.
Feb 04, 2026, 2:28 pm IST
Gold Prices Live Updates: 24 Carat Gold Rates In India
Gold rates in India extended their rally with 10 grams of 24 carat surging by Rs 6,600 in a single-day. Currently, 24 carat which is 100% pure gold sees a rally of Rs 660 to Rs 66,000 on February 4th. 10 grams is above Rs 1,60,500 mark.
Feb 04, 2026, 11:24 am IST
Silver Prices Today: Check Out Real-Time Update In Silver Rates Of India
Watch real-time changes in silver rates of India and all cities.
Feb 04, 2026, 11:05 am IST
Gold Prices Live Updates: Gems & Jewellery Stocks Trade Mixed
Gems and jewellery stocks have pulled back mildly on February 4th but majority of them are trading higher. Stocks in this basket witnessed a sharp rally in the previous session due to the much-awaited trade deal between the US and India. President Donald Trump has trimmed tariffs to just 18% on Indian goods, which is the lowest compared to any other neighboring Asian countries. This comes as a good news for the jewellery sector because India is among the leading exporters of precious gems and metals to the US. After a strong rally up to 20% on February 3rd, gems and jewellery stocks corrected on February 4th. At the time of writing, the broader sentiments in gems and jewellery stocks were mixed. Stocks like Goldiam International, Kalyan Jewellers, PN Gadgil Jeweller, Senco Gold, and Thangamayil Jewellery surged by 1% to 2%. Titan, the largest gold stock, is up by 2% currently.
Feb 04, 2026, 10:59 am IST
Commodity Market Live Updates: Crude Oil Prices Climb
WTI crude oil price surged towards per barrel, extending their upside as geopolitical tensions resurfaced after the US downed an Iranian drone near a US aircraft carrier in the Arabian Sea. Further, Brent crude soared to around per barrel. As per Trading Economics, the President Donald Trump emphasized that diplomatic channels remain open, with the White House confirming US-Iran talks are still scheduled for Friday. Adding to tensions, Iranian vessels challenged a US-flagged oil tanker transiting the Strait of Hormuz, with US Central Command saying the IRGC harassed the Stena Imperative. Further support came from API data showing US crude inventories fell by 11.1 million barrels last week, the largest draw since June if confirmed by official figures. Meanwhile, OPEC+ expects oil demand to gradually pick up from March or April and will decide on March 1 whether to resume monthly output increases after a first-quarter pause.
Feb 04, 2026, 9:33 am IST
Gold & Silver Rates Live: What Is Impacting Precious Metals On February 4?
Hareesh V, Head of Commodity Research, Geojit Investments: Gold and silver are showing early signs of stabilisation after last week’s historic selloff, with both metals rebounding modestly as investors reassess whether the downturn was structural or simply an overshoot. However, the drivers for bullion remain intact, suggesting the correction was largely due to short term catalysts rather than a shift in long term fundamentals. Prices are now attempting a mild recovery as markets digest the impact of margin hikes, a stronger U.S. dollar, and repositioning linked to the Fed chair nomination. Going forward, choppy trading is likely. A sustained recovery may unfold gradually, but further liquidation risks re-emerge only if prices break last week’s lows, which currently serve as key support levels.
MCX Silver futures which is scheduled to expire in May 2026, traded at Rs 2,91,500 per 1Kg, up by Rs 14,227 or 5.13%. This is following an intraday high mark of Rs 2,93,909 per 1Kg that the metal touched in the opening bell.
Feb 04, 2026, 9:30 am IST
Silver Rates Live Updates: MCX Silver March 2026 Expiry Rallies
MCX silver with March 2026 expiry, zoomed by over 5.2% to trade at Rs 2,81,994 per 1Kg. This comes after the precious metal touched an intraday high of Rs 2,84094 per 1Kg in the early opening.
Feb 04, 2026, 9:28 am IST
Gold Rates Live Updates: MCX Gold June 2026 Expiry
MCX gold futures with June 2026 expiry, touched an intraday high of Rs 1,64,777 per 10 grams before correcting slightly. At the time of writing, MCX gold future traded at Rs 1,63,498 per 10 grams, up by 3.8%.
Feb 04, 2026, 9:27 am IST
Gold Prices Live Updates: MCX Gold April 2026 Expiry
This bullion touched above Rs 1.60 lakh mark. MCX gold futures with April 2026 expiry surged to hit an intraday high of Rs 1,60,755 per 10 grams in the opening bell. Currently, the bullion traded at Rs 1,59,893 per 10 grams, higher by 6,084 or 4%.
Feb 04, 2026, 9:25 am IST
Silver Rates Today Live Updates: Spot Gold Climbs
Silver climbed above per ounce on Wednesday, rising for the second straight session as volatility in the metals market eased following a historic selloff that wiped out as much as 40% in silver’s value in just two days. Forced liquidations appear to have subsided, while dip buyers stepped in to capitalize on lower prices, as per Trading Economics.
Feb 04, 2026, 9:24 am IST
Gold Rates Live Updates: Spot Gold Reclaims ,000
COMEX gold extended its rally to reclaim over ,000 per ounce level on Wednesday, after rising by over 6% in the previous session, which was the biggest daily gain since 2008. Gold is currently is racing to hit ,100 levels.
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