New Delhi: Gold and silver prices witnessed a significant drop in Thursday’s trading session, bringing the rates below ₹1.36 lakh per 10 grams for gold and ₹2.36 lakh per kilogram for silver.
According to the India Bullion Jewellers Association (IBJA), the price of 24-carat gold fell by ₹902, closing at ₹1,35,773 per 10 grams from ₹1,36,675 per 10 grams previously.
The rate of 22-carat gold decreased from ₹1,25,194 to ₹1,24,368 per 10 grams, while 18-carat gold dropped from ₹1,02,506 to ₹1,01,830 per 10 grams.
Silver experienced more volatility, with its price declining by ₹12,174 to ₹2,35,826 per kilogram, down from ₹2,48,000 per kilogram.
Futures and spot markets also reflected this downward trend. The February 5, 2026, gold contract fell by 0.91 percent to ₹1,36,750 per 10 grams. The March 5, 2026, silver contract decreased by 4.94 percent to ₹2,38,213 per kilogram.
Internationally, Gold prices slipped by 0.71 percent to $4,429.60 per ounce, while silver prices dropped 4.01 percent to $74.533 per ounce.
Jatin Trivedi of LKP Securities noted that gold closed weaker, observing nearly ₹900 decline on MCX. The weakening was attributed to a stronger US dollar against the rupee and global market cues. He added that the upcoming US economic data, including ADP non-farm employment and non-farm payroll figures, could introduce volatility and influence gold’s price direction.
Trivedi forecasted gold to trade within the range of ₹1.35 lakh to ₹1.38 lakh per 10 grams in the near term.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.