New Delhi: On the first day of the week, gold and silver prices surged again, with gold reaching nearly ₹1.36 lakh per 10 grams and silver crossing ₹2.37 lakh per kilogram.
According to the India Bullion Jewellers Association (IBJA), the price of 24-carat gold increased by ₹1,386 to ₹1,36,168 per 10 grams, up from ₹1,34,782 on Friday.
The price of 22-carat gold rose to ₹1,24,730 per 10 grams from the previous ₹1,23,460. Similarly, 18-carat gold rates increased from ₹1,01,087 to ₹1,02,126 per 10 grams.
Silver prices also saw a significant rise, increasing by ₹2,513 to ₹2,37,063 per kilogram, compared to ₹2,34,550 earlier.
On the Multi Commodity Exchange (MCX), gold and silver contracts also showed sharp gains. The February 5, 2026 gold contract went up by 1.28 percent to ₹1,37,500, while the March 5, 2026 silver contract rose 2.75 percent to ₹2,42,809.
Internationally, gold prices increased by 2.26 percent to reach $4,427.75 per ounce, while silver jumped 5.17 percent to $74.69 per ounce.
Jatin Trivedi of LKP Securities noted that positive momentum was seen in gold due to rising tensions in the US and Venezuela, leading to increased market volatility. This has driven investors to prefer gold as a safe asset. He expects gold prices to remain in the range of ₹1,36,500 to ₹1,40,000 in the near future.
Satish Dondapati, Fund Manager at Kotak Mutual Fund, said that geopolitical uncertainties and global economic risks continue to support strong demand for safe-haven assets like gold and silver. Industrial demand for silver and sustained interest from central banks in gold contribute to a positive outlook for both precious metals.
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.
