Gold Falls Rs 500, Silver Drops Rs 5,000: Check 22K And 24K Rates In Your City On February 10

On February 10, 2026, gold prices experienced a notable decline in Indian markets, while silver rates also saw a significant drop. This comes after a period of strong rallies in both precious metals, prompting investors and consumers to closely monitor the fluctuating rates.

Gold Price Overview

As of today, gold prices in Delhi are ₹15,806 per gram for 24-karat gold, ₹14,490 per gram for 22-karat gold, and ₹11,859 per gram for 18-karat gold. While these figures provide a general overview, it's essential to check with local jewelers for the most accurate rates in your specific city, as prices can vary due to local taxes, transportation costs, and jeweller's associations.

In Mumbai, 24-carat gold was priced at ₹1,56,730 per 10 grams and 22-carat gold at ₹1,43,680. Hyderabad saw a marginal increase with 24-carat gold at ₹15,792 per gram and 22-carat gold at ₹14,476 per gram. In Bangalore, the rate for 24K gold is ₹15,442 per gram and ₹14,155 per gram for 22K gold.

Silver Price Overview

Silver prices have also seen considerable movement. In Delhi, silver was recorded at ₹3,019 per 10 grams. The Multi Commodity Exchange (MCX) silver jumped 5.3% to ₹3 Lakh per kg, marking a substantial recovery. However, spot silver prices faced a pullback, trading lower by 2%.

Factors Influencing Price Fluctuations

Several factors contribute to the fluctuations in gold and silver prices:

• Global Market Conditions: Gold prices are heavily influenced by global economic trends, including the performance of the US dollar, interest rates, and inflation. A stronger dollar can make gold more expensive for international buyers, potentially decreasing demand and pushing prices down.
• Geopolitical Tensions: Political instability, regional conflicts, and geopolitical tensions often drive investors towards gold as a safe-haven asset, increasing demand and prices.
• Inflation: Gold is often seen as a hedge against inflation. When inflation rises, the value of currency decreases, leading people to invest in gold to preserve their wealth, which in turn drives up gold prices.
• Demand and Supply: The basic principle of supply and demand plays a significant role. High demand, especially during wedding and festive seasons in India, can push prices up.
• Central Bank Policies: The buying and selling of gold by central banks, like the Reserve Bank of India (RBI), can impact gold prices. Increased buying by central banks can reduce the available supply, leading to higher prices.
• Rupee-Dollar Equation: Fluctuations in the Indian rupee against the US dollar also affect gold prices. A weaker rupee makes gold imports more expensive, increasing domestic gold prices.

Market Sentiment and Future Outlook

Market experts suggest a cautiously bullish outlook on precious metals, considering the ongoing macroeconomic uncertainty. Investors are closely watching key US economic data, such as the nonfarm payrolls report and inflation data, which will influence the Federal Reserve's policy decisions. Expectations of potential rate cuts by the Federal Reserve could provide support for bullion.

Impact on Consumers and Investors

For Indian consumers, falling international gold prices can offer some relief, especially with the wedding season approaching. However, domestic prices also depend on the rupee's movement. Investors should remain vigilant and monitor market trends, global cues, and local factors before making any buying or selling decisions.

In conclusion, while gold and silver prices have seen a recent dip, the precious metals market remains dynamic, influenced by a complex interplay of global and local factors. Keeping a close watch on these factors will be crucial for both consumers and investors to make informed decisions.