Gold and silver prices plunge amid market volatility

Gold prices in India witnessed a sharp decline on Thursday amid heightened market volatility. According to the latest rates, 24-carat gold fell by Rs 502 per gram to Rs 15,442, while 22-carat gold declined by Rs 460 per gram to Rs 14,155.

Market experts attributed the fall to global economic cues, particularly speculation surrounding US President Donald Trump’s nomination of Kevin Warsh as the next Chair of the US Federal Reserve. The development has fuelled expectations of a tighter monetary policy, with the possibility of higher interest rates putting pressure on non-yielding assets such as gold.

Gold Prices (Per Gram)

24-carat gold: Rs15,442 (down Rs 502)

8 grams: Rs 1,23,536 (down Rs 4,016)

10 grams: Rs 1,54,420 (down Rs 5,020)

100 grams: Rs 15,44,200 (down Rs 50,200)

22-carat gold:Rs 14,155 (down Rs 460)

8 grams: Rs 1,13,240 (down Rs 3,680)

10 grams: Rs 1,41,550 (down Rs 4,600)

100 grams:Rs 14,15,500 (down Rs 48,000)

18-carat gold: ₹11,582 (down ₹376)

8 grams: Rs 92,656 (down Rs 3,008)

10 grams: Rs 1,15,820 (down Rs 3,760)

100 grams: Rs 11,58,200 (down Rs 37,600)

Silver Prices Also Decline

Silver prices also recorded a sharp fall on February 5, 2026, after gains in the previous session. The metal dropped by Rs 20 per gram to Rs 300.

100 grams of silver fell by Rs 2,000 to Rs 30,000

1 kilogram declined by Rs 20,000 to Rs 3,00,000

Analysts said precious metal prices are likely to remain volatile in the near term, tracking global interest rate cues, currency movements, and geopolitical developments.