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.

Subsequently, gold attempted to stabilise at lower levels. On February 7 and 8, 24K gold held around ₹15,660, indicating some consolidation after the sharp pullback. However, the rebound lost momentum, and as of 11:10 AM on February 9, 24K gold eased again to around ₹15,884 per gram across most major Indian cities, reflecting continued near-term volatility.

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Gold Prices Today in India February 09, 2026

As of 11:10 AM on February 9, 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 ₹15,884, 22K at ₹14,560, 18K at ₹11,913.
• Gold Price Today in Chennai: 24K at ₹15,982, 22K at ₹14,650, 18K at ₹12,520.
• Gold Price Today in Bangalore:24K at ₹15,884, 22K at ₹14,560, 18K at ₹11,913.
• Gold Price Today in Hyderabad: 24K at ₹15,884, 22K at ₹14,560, 18K at ₹11,913.
• Gold Price Today in Kerala: 24K at ₹15,884, 22K at ₹14,560, 18K at ₹11,913.
• Gold Price Today in Delhi: 24K at ₹15,899, 22K at ₹14,575, 18K at ₹11,928.

Recent Gold Price Movements in India

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

• February 9th: 24K at ₹15,884, 22K at ₹14,560, 18K at ₹11,913.
• February 8th: 24K at ₹15,660, 22K at ₹14,355, 18K at ₹11,745.
• February 7th: 24K at ₹15,660, 22K at ₹13,355, 18K at ₹11,426.
• February 6th: 24K at ₹15,235, 22K at ₹13,965, 18K at ₹11,426.
• 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.

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, softening to ₹15,442 on February 5, and extending losses to around ₹15,235 on February 6. Prices stabilised thereafter, rising to ₹15,660 on February 7 and February 8, before easing again to around ₹15,884 on February 9.

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, easing to about ₹14,155 on February 5, and slipping further to around ₹13,965 on February 6. Prices rebounded to ₹14,355 on February 8 and edged higher to around ₹14,560–₹14,650 on February 9, while 18K gold retreated from about ₹13,414 to ₹11,381, rebounded to ₹12,040, softened to ₹11,582, slipped to around ₹11,426 on February 6, rose to ₹11,745 on February 8, and eased again to around ₹11,913–₹12,520 on February 9. The sharp pullback highlights heightened volatility and sustained 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, easing to ₹15,442 on February 5, and slipping further to around ₹15,235 on February 6. Prices then stabilised at ₹15,660 on February 7 and February 8, before easing to around ₹15,884 on February 9.

Lower purities tracked the move closely. 22K gold peaked near ₹16,395 and declined to ₹13,910, rebounded to ₹14,715, eased to about ₹14,155, slipped to around ₹13,965, recovered to ₹14,355, and is now trading around ₹14,560–₹14,650, while 18K gold retreated from about ₹13,414 to ₹11,381, rebounded to ₹12,040, softened to ₹11,582, slipped to around ₹11,426, recovered to ₹11,745, and has eased again to roughly ₹11,913–₹12,520. The price action points to aggressive unwinding after the January rally, with gold now attempting to stabilise at lower levels.

Conclusion

As of February 9, gold prices across major cities are trading around ₹15,884 per gram for 24K, ₹14,560–₹14,650 for 22K, and ₹11,913–₹12,520 for 18K, with Chennai and Delhi quoting a modest premium. The extended pullback from record highs underscores elevated volatility and persistent profit-taking, though prices remain elevated compared to early-January levels. The corrective phase has continued into February, with intermittent rebounds failing to regain January highs, keeping the near-term outlook cautious.