Gold Rebounds to ₹16,053 on February 4 After Sharp Correction: 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 to an all-time peak of ₹17,885 per gram on January 29, before easing sharply to ₹15,920 on January 30 amid aggressive profit-taking. The decline extended into February, with prices slipping to ₹16,058 on February 1 and further to ₹15,175 by February 3, before staging a partial rebound to ₹16,053 on February 4.

The sharp pullback 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 recovery suggests gold is attempting to stabilise, though momentum has softened compared to the strong bullish phase seen in late January.

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Gold Prices Today in India February 04, 2026

As of 11:10 AM on February 4, 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 ₹16,053, 22K at ₹14,715, 18K at ₹12,040.
• Gold Price Today in Chennai: 24K at ₹16,256, 22K at ₹14,900, 18K at ₹12,040.
• Gold Price Today in Bangalore:24K at ₹16,053, 22K at ₹14,715, 18K at ₹12,040.
• Gold Price Today in Hyderabad: 24K at ₹16,053, 22K at ₹14,715, 18K at ₹12,040.
• Gold Price Today in Kerala: 24K at ₹16,053, 22K at ₹14,715, 18K at ₹12,040.
• Gold Price Today in Delhi: 24K at ₹16,068, 22K at ₹14,730, 18K at ₹12,055.

Recent Gold Price Movements in India

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

• February 4th: 24K at ₹16,053, 22K at ₹14,715, 18K at ₹12,040.
• 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.

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, easing further to ₹15,175 by February 3, before rebounding to ₹16,053 on February 4.

Lower purities tracked the move, with 22K gold falling from around ₹16,395 at the peak to ₹13,910, before recovering to ₹14,715, while 18K gold retreated from about ₹13,414 to ₹11,381, and has since bounced back to ₹12,040. The sharp 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 on February 3, before recovering to ₹16,053 on February 4.

Lower purities tracked the move closely. 22K gold peaked near ₹16,395 and declined to ₹13,910, while 18K gold retreated from about ₹13,414 to ₹11,381, before rebounding to ₹14,715 and ₹12,040, respectively. The price action points to aggressive unwinding after the January rally, with gold now attempting to stabilise at lower levels.

Conclusion

As of February 4, gold prices across major cities are trading around ₹16,053 per gram for 24K, ₹14,715 for 22K, and ₹12,040 for 18K, with Chennai and Delhi 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.