New Delhi, February 5, 2026
Gold and Silver Prices Decline After Recent Rally
After days of sharp volatility, the Indian bullion market witnessed a strong correction on Thursday, with gold and silver prices falling significantly. The decline comes just days after precious metals surged following optimism around recent India–US trade developments.
According to market data, silver prices plunged by nearly ₹25,000 per kilogram in a single session, while gold became cheaper by around ₹1,800 per 10 grams, signaling profit-booking by investors and traders.
📉 Sharp Fall Recorded in Today’s Rates
On Thursday, both precious metals opened lower and continued to slide through the session:
Silver recorded a steep fall of approximately ₹25,000 per kg
Gold prices declined by nearly ₹1,800 per 10 grams
Market participants attribute the decline to short-term correction, global cues, and cautious buying after the recent price spike.
🔙 What Were the Prices on February 4?
Just a day earlier, on February 4, bullion prices had surged sharply for the second consecutive session:
Silver jumped by ₹14,300 to reach ₹2,98,300 per kg, compared to ₹2,84,000 per kg in the previous session
Gold (99.9% purity) surged by ₹7,400, touching ₹1,65,100 per 10 grams, up from ₹1,57,700 per 10 grams
Traders noted that these prices included applicable taxes, making the rally even more pronounced.
📊 Market Outlook
Bullion experts say the current decline reflects temporary consolidation after an aggressive rally. Global market movements, currency fluctuations, and investor sentiment will continue to influence gold and silver prices in the near term.
Buyers and investors are advised to track daily rates closely, as further volatility cannot be ruled out.
