Gold and Silver Prices Surge Across India
On February 4, 2026, gold and silver prices have seen a remarkable increase across various cities in India. The cost of 24K gold has surged above Rs 16,000 per gram, which is a significant rise for investors and buyers alike. In cities like Chennai, the price for 10 grams of gold has reached approximately Rs 159,450, reflecting a surge of 3.710%. This upward trend in prices has become a point of interest for many in the market.
Silver prices have also experienced a notable increase, now standing at Rs 320 per gram, which is Rs 40 higher than the previous day. In Panaji, the price for one kilogram of silver has hiked by 8.030% to Rs 288,960. This fluctuation in prices is crucial for those looking to invest in precious metals, as it can significantly impact their savings and financial strategies.
In different regions, the gold rates vary slightly but maintain a similar upward trajectory. For instance, in Trivandrum, the price for 10 grams is around Rs 159,390, while in Visakhapatnam, it costs about Rs 159,010. The consistent rise in gold prices indicates strong demand and reflects market sentiments influenced by recent trade agreements.
The surge in prices comes after days of fluctuation, where silver rates had seen a decline. Investors are now keenly observing these changes, which may alter their investment decisions. The stock market's recent rally, following a major trade deal between India and the United States, has contributed to this positive trend in precious metals.
As buyers and investors navigate these changes, the importance of understanding market dynamics becomes clear. The rising costs of gold and silver not only affect individual purchases but also have broader implications for the economy. Keeping an eye on these trends can help consumers make informed decisions regarding their investments in the future.
