Gold Rate Today: Sharp Decline in Gold Prices for the Second Consecutive Day, Check Latest 24 Carat and 22 Carat Rates

National Desk: On Friday, gold and silver prices witnessed high volatility throughout the day. Gold, in particular, saw a sharp fall in the morning, followed by a mild recovery in the afternoon. On February 6, gold opened with a steep decline of more than ₹3,000. Before market closure at around 11:30 PM, gold settled at ₹155,050 per 10 grams, while silver closed at ₹249,499 per kilogram.

Today, February 7, 2026, gold prices in the Indian bullion market continue to remain under pressure. The impact of yesterday’s fall on MCX is clearly visible in today’s spot prices.

City-wise Gold Rates on 7 February 2026

Delhi

• 22 Carat: ₹141,050 per 10 grams
• 24 Carat: ₹153,860 per 10 grams

Mumbai

• 22 Carat: ₹140,900 per 10 grams
• 24 Carat: ₹153,710 per 10 grams

Ghaziabad

• 22 Carat: ₹141,050 per 10 grams
• 24 Carat: ₹153,860 per 10 grams

Chennai

• 22 Carat: ₹142,500 per 10 grams
• 24 Carat: ₹155,460 per 10 grams

Kolkata

• 22 Carat: ₹142,500 per 10 grams
• 24 Carat: ₹155,460 per 10 grams

Note: The above prices do not include GST (3%), making charges, and other local taxes. These additional costs will be added to the final jewellery price.

Market Outlook

Experts believe that volatility in the gold and silver market has increased after the Union Budget, and this trend may continue for the next few days.

Reasons Behind the Price Decline

1. Fall on MCX:
   Gold prices declined on MCX on February 6, which has directly impacted today’s spot prices.
2. Weakness in the International Market:
   In the international market, gold was trading at around $4,841 per ounce this morning.
3. Profit Booking:
   After the record rally in January, investors are booking profits at higher levels, leading to pressure on prices.