Gold Slides to ₹15,442 on February 5 After Brief Rebound: Latest 24K, 22K and 18K Rates Across India

Gold prices in India staged a strong rally in the second half of January, breaking out of a consolidation phase and surging to fresh record highs, before undergoing a sharp correction in early February. The 24K benchmark climbed to an all-time peak of ₹17,885 per gram on January 29, but swiftly retreated to ₹15,920 on January 30 amid aggressive profit-taking.

The corrective phase extended into February, with prices easing to ₹16,058 on February 1 and slipping further to ₹15,175 by February 3. A brief rebound followed, taking prices up to ₹16,053 on February 4, but selling pressure resurfaced on February 5. As of 11:10 AM on February 5, 24K gold declined to around ₹15,442 per gram across major cities, reinforcing the near-term weakness.

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Gold Prices Today in India February 05, 2026

As of 11:10 AM on February 5, 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 ₹15,442, 22K at ₹14,155, 18K at ₹11,582.
• Gold Price Today in Chennai: 24K at ₹15,622, 22K at ₹14,320, 18K at ₹12,250.
• Gold Price Today in Bangalore:24K at ₹15,442, 22K at ₹14,155, 18K at ₹11,582.
• Gold Price Today in Hyderabad: 24K at ₹15,442, 22K at ₹14,155, 18K at ₹11,582.
• Gold Price Today in Kerala: 24K at ₹15,442, 22K at ₹14,155, 18K at ₹11,582.
• Gold Price Today in Delhi: 24K at ₹15,457, 22K at ₹14,170, 18K at ₹11,597.

Recent Gold Price Movements in India

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

• February 5th: 24K at ₹15,442, 22K at ₹14,155, 18K at ₹11,582.
• 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.

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, rebounding to ₹16,053 on February 4, and softening again to ₹15,442 on February 5.

Lower purities tracked the move, with 22K gold falling from around ₹16,395 at the peak to ₹13,910, before recovering to ₹14,715 on February 4 and easing to about ₹14,155 on February 5, while 18K gold retreated from about ₹13,414 to ₹11,381, rebounded to ₹12,040, and has since slipped to around ₹11,582. 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 and slipping again to around ₹15,442 on February 5.

Lower purities tracked the move closely. 22K gold peaked near ₹16,395 and declined to ₹13,910, rebounded to ₹14,715, and has since eased to about ₹14,155, while 18K gold retreated from about ₹13,414 to ₹11,381, rebounded to ₹12,040, and slipped back to around ₹11,582. The price action points to aggressive unwinding after the January rally, with gold now attempting to stabilise at lower levels.

Conclusion

As of February 5, gold prices across major cities are trading around ₹15,442 per gram for 24K, ₹14,155 for 22K, and ₹11,582 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.