Gold and silver cost on February 3: Gold rate slips from record high as US dollar index bounce back

Gold costs sneaked past ₹10 to ₹84,480 per 10 grams in significant urban communities. The yellow metal hit an untouched high of ₹84,490 per 10 grams on Saturday.

Gold costs slipped from record-significant levels in early exchange on Monday, February 3, principally because of powerless worldwide trends.

The US dollar record bounced back over 1% to exchange over 109 levels early Asian trade, which hit the valuable metal’s allure as a support against expansion.

Gold costs sneaked past ₹10 to ₹84,480 per 10 grams in significant urban areas. The yellow metal hit an unsurpassed high of ₹84,490 per 10 grams on Saturday. Spot gold dropped by 0.75% to $2,779 an ounce in early Asian exchange on Monday.

Gold Price Today in India (February 3, 2025)

In Delhi markets, 24K gold prices dropped by ₹10 to ₹84,630 per 10 grams and 22K gold to ₹77,590 per 10 grams. The 24K gold in Mumbai fell by ₹10 to ₹84,480 per 10 grams and 22K gold to ₹77,440 per 10 grams.

Below is a detailed breakdown of gold prices across key cities:

Gold Price Today in Major Cities:

Silver Price Today in India (February 3, 2025)

Silver prices dropped by ₹100 to ₹99,400 per kilogram in early trade on Monday as a strong dollar hit its appeal. The white metal fell more than 1.6% in global markets, which weighed on domestic prices.

Silver traded flat at ₹99,500 per kg in major Indian cities on Saturday. Spot silver was down 1.62% to $30.79 an ounce in early Asian trade.

Silver Price Today in Major Cities:

Comparison of Gold and Silver Prices This Week

Silver prices dropped by ₹100 to ₹99,400 per kilogram in early trade on Monday as a strong dollar hit its appeal. The white metal fell more than 1.6% in global markets, which weighed on domestic prices.

Silver traded flat at ₹99,500 per kg in major Indian cities on Saturday. Spot silver was down 1.62% to $30.79 an ounce in early Asian trade.

Silver Price Today in Major Cities:

Comparison of Gold and Silver Prices This Week

Gold prices started the week lower due to a surging dollar in overseas markets. The metal had gained ₹2,070 or 2.5% in the last week, its sixth straight week of gains. Silver prices also slipped in early trade on Monday after gaining ₹2,000 per kg last week.

Here’s a comparison of gold and silver prices from earlier this week: