Gold Slides to ₹15,175 on February 3: Latest 24K, 22K and 18K Rates Across India

Gold prices in India rallied sharply in the second half of January, breaking out of consolidation and scaling fresh record highs, before witnessing a steep correction in early February. The 24K benchmark climbed from ₹15,431 per gram on January 22 to ₹16,517 by January 28, and surged to a peak of ₹17,885 on January 29, before easing to ₹15,920 on January 30. The decline extended further in February, with prices slipping to ₹16,058 on February 1 and settling at around ₹15,175 by February 3.

The sharp pullback has erased a large part of the late-January gains, underscoring heightened volatility and aggressive profit-taking after the record rally. While prices remain above early-January levels, the recent move suggests gold is transitioning into a consolidation phase at lower levels, rather than sustaining the earlier strong bullish momentum.

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Gold Prices Today in India February 03, 2026

As of 11:10 AM on February 3, gold rate today across major Indian cities declines compared to the previous session. Below are the latest per-gram prices for 24K, 22K, and 18K gold across key regions:

• Gold Price Today in Mumbai: 24K at ₹15,175, 22K at ₹13,910, 18K at ₹11,381.
• Gold Price Today in Chennai: 24K at ₹15,306, 22K at ₹14,030, 18K at ₹12,010.
• Gold Price Today in Bangalore:24K at ₹15,175, 22K at ₹13,910, 18K at ₹11,381.
• Gold Price Today in Hyderabad: 24K at ₹15,175, 22K at ₹13,910, 18K at ₹11,381.
• Gold Price Today in Kerala: 24K at ₹15,175, 22K at ₹13,910, 18K at ₹11,381.
• Gold Price Today in Delhi: 24K at ₹15,190, 22K at ₹13,925, 18K at ₹11,396.

Recent Gold Price Movements in India

Here’s a snapshot of how gold prices have moved over the past few days:

• February  3rd: 24K at ₹15,175, 22K at ₹13,910, 18K at ₹11,381.
• February 2nd: 24K at ₹15,317, 22K at ₹14,040, 18K at ₹11,488.
• February 1st: 24K at ₹16,058, 22K at ₹14,720, 18K at ₹12,044.
• January 30th: 24K at ₹15,920, 22K at ₹15,510, 18K at ₹12,690.
• January 29th: 24K at ₹17,885, 22K at ₹16,395, 18K at ₹13,414.

Gold prices in India surged to record highs in late January before undergoing a sharp correction in early February. The 24K benchmark peaked at ₹17,885 on January 29, then slid to ₹15,920 on January 30 and eased further to ₹15,175 by February 3.

Lower purities tracked the move, with 22K gold falling from ₹16,395 at the peak to ₹13,910, and 18K gold retreating from ₹13,414 to ₹11,381 over the same period. The steep pullback highlights heightened volatility and profit-taking after the late-January rally, with prices now consolidating at lower, but still elevated levels.

Gold Market Outlook

Gold prices in India witnessed a sharp late-January surge followed by a pronounced correction in early February, reflecting heightened volatility after record highs. The 24K benchmark climbed to an all-time peak of ₹17,885 on January 29, before slipping to ₹15,920 on January 30 amid profit-taking. The correction deepened thereafter, with prices easing to ₹16,058 on February 1 and settling at ₹15,175 by February 3.

Lower purities tracked the move closely. 22K gold peaked at ₹16,395 and declined to ₹13,910, while 18K gold retreated from ₹13,414 to ₹11,381 over the same period. The price action points to aggressive unwinding after the January rally, with gold now stabilising at lower levels.

Conclusion

As of February 3, gold prices across major cities are trading around ₹15,175 per gram for 24K, ₹13,910 for 22K, and ₹11,381 for 18K, with Chennai quoting a modest premium. The sharp pullback from record highs underscores elevated volatility and profit-taking, though prices remain above early-January levels, suggesting consolidation rather than a complete breakdown of the broader trend.