New Delhi, February 3, 2026: Gold prices in India witnessed some fluctuations today as the precious metal is still being driven by international market trends and currency variations. Investors and buyers interested in gold rates for investment or jewelry purchases are closely observing the current gold prices in different carats in Indian cities.
šŖ Current Gold Prices in India (Per Gram)
As per the latest market trends, the gold prices on Tuesday, February 3, 2026 are more or less around the following rates:
| Carat | Approx. Price per Gram (INR) |
|---|---|
| 24K (Pure Gold) | ā¹15,316 |
| 22K Gold | ā¹14,039 |
| 18K Gold | ā¹11,487 |
These rates represent very slight movement compared with yesterday, reflecting relatively stable trading conditions in the bullion market.
š City-Wise Gold Prices (Indicative)
Gold prices can differ slightly from city to city based on local demand, taxes and jeweller pricing. Hereās how the prices stack up in some major Indian metros for 24K, 22K and 18K gold per gram:
Mumbai & Bangalore:
ā¢ 24K: ~ā¹15,316
ā¢ 22K: ~ā¹14,039
ā¢ 18K: ~ā¹11,487
Delhi & Kolkata:
ā¢ 24K: ~ā¹15,331 / ā¹15,316
ā¢ 22K: ~ā¹14,054 / ā¹14,039
ā¢ 18K: ~ā¹11,502 / ā¹11,487
Chennai & Hyderabad:
ā¢ 24K: ~ā¹15,217 / ā¹15,316
ā¢ 22K: ~ā¹13,949 / ā¹14,039
ā¢ 18K: ~ā¹11,999 / ā¹11,487
(All prices in INR per gram, indicative and may vary slightly depending on jeweller and local factors.)
Whatās Affecting Gold Prices Currently?
The current price trends of gold are being impacted by a set of global and local factors:
š Global Market Trends
Global bullion prices have experienced fluctuations in recent trading sessions, due to various factors such as expectations of U.S. monetary policies, exchange rates, and safe-haven demand. Gold and silver prices have recovered from their initial sell-offs, indicating renewed investor interest.
š± Currency & Economic Signals
The Indian rupeeās strength against the U.S. dollar is also a factor here, as a weaker rupee generally translates into higher domestic gold prices and vice versa.
š Jewellery & Physical Demand
Gold is a preferred material for making jewellery in India throughout the year and even more so during wedding and festival seasons. Domestic demand patterns and jeweller pricing decisions can result in minute differences in city-wise rates.
Carat Guide ā What These Numbers Mean
24 Carat ā The purest form of gold (99.9% purity) and most expensive per gram. Primarily used for investment bars, coins, and some pieces of jewellery.
22 Carat ā Slightly alloyed gold, commonly used in Indian jewellery due to its hardness and traditional significance.
18 Carat ā More alloyed and commonly used in modern jewellery designs with higher hardness.
Should You Buy Today?
It is often recommended by experts that one should take into account both investment purposes and current market trends before making a purchase. Gold, being a hedge against inflation and market uncertainty, is prone to global economic changes and demand patterns. If you are planning to purchase jewellery, it is necessary to check the jeweller rates and include the making charges and GST in your calculations.
