Gold Rate Today: After a few days of relentless selling pressure, gold prices have staged a rebound in the last few days. On Wednesday, February 4, gold prices in India standat Rs 16,053 per gram for 24-carat gold, while 22-carat gold is priced at Rs 14,715 per gram. Meanwhile, 18-carat gold is trading at Rs 12,040 per gram, according to the data from Goodreturns.
Gold had been under pressure following a strong rally that pushed prices to historic levels in late January. On January 29, 24-carat gold touched a lifetime high of Rs 1,83,000 per 10 grams. However, heavy profit-booking triggered a steep correction of nearly 17 per cent, wiping out more than Rs 30,000 from its value within days.
MCX gold prices saw a strong upward move on Wednesday, February 4, 2026, reflecting renewed buying interest in the futures market. MCX gold was trading at nearly Rs 1,58,440 per 10 grams, rising by Rs 4,631, gaining 3.01 per cent in the latest trading session.
Gold Rate In Major Cities (Per Gram)
City
24K Today
22K Today
18K Today
Chennai
Rs 15,568
Rs 14,271
Rs 12,211
Mumbai
Rs 15,394
Rs 14,111
Rs 11,546
Delhi
Rs 15,409
Rs 14,126
Rs 11,561
Kolkata
Rs 15,394
Rs 14,111
Rs 11,546
Bangalore
Rs 15,394
Rs 14,111
Rs 11,546
Hyderabad
Rs 15,394
Rs 14,111
Rs 11,546
Kerala
Rs 15,394
Rs 14,111
Rs 11,546
Pune
Rs 15,394
Rs 14,111
Rs 11,546
Vadodara
Rs 15,399
Rs 14,116
Rs 11,551
Ahmedabad
Rs 15,399
Rs 14,116
Rs 11,551
Jaipur
Rs 15,409
Rs 14,126
Rs 11,561
Lucknow
Rs 15,409
Rs 14,126
Rs 11,561
Coimbatore
Rs 15,568
Rs 14,271
Rs 12,211
Madurai
Rs 15,568
Rs 14,271
Rs 12,211
Vijayawada
Rs 15,394
Rs 14,111
Rs 11,546
Patna
Rs 15,399
Rs 14,116
Rs 11,551
Nagpur
Rs 15,394
Rs 14,111
Rs 11,546
Chandigarh
Rs 15,409
Rs 14,126
Rs 11,561
Surat
Rs 15,399
Rs 14,116
Rs 11,551
Bhubaneswar
Rs 15,394
Rs 14,111
Rs 11,546
Mangalore
Rs 15,394
Rs 14,111
Rs 11,546
Visakhapatnam
Rs 15,394
Rs 14,111
Rs 11,546
Nashik
Rs 15,397
Rs 14,114
Rs 11,549
Mysore
Rs 15,394
Rs 14,111
Rs 11,546
Salem
Rs 15,568
Rs 14,271
Rs 12,211
Rajkot
Rs 15,399
Rs 14,116
Rs 11,551
Trichy
Rs 15,568
Rs 14,271
Rs 12,211
Ayodhya
Rs 15,409
Rs 14,126
Rs 11,561
Global Markets Move
International cues also supported the recovery. Spot gold surged nearly 2 per cent, crossing the $5,000 per ounce level, while COMEX gold futures for April delivery climbed sharply. In the global market, gold rose by $275.39, or 5.91 per cent, to $4,935.49 per ounce in a single session.
What Experts Are Saying
Market experts believe the rebound reflects renewed buying interest after a sharp correction. Saumil Gandhi, senior analyst for commodities at HDFC Securities, told PTI that investors who were waiting for a correction are now viewing current levels as an opportunity to enter long positions.
