Gold Prices 2 February 2026: For the last few days, there has been a continuous decline in gold prices in the country. Especially in the last two-three days, gold has suddenly become very cheap. Prices have reduced significantly in both domestic and international markets. Huge fluctuations were seen in gold prices on Multi Commodity Exchange (MCX). The decline continued even on the budget day on Sunday. At one time 24 carat gold had reached around Rs 1,36,000 per 10 grams. However, later there was a slight recovery and it closed at around Rs 1,43,000. At the beginning of the session, gold was at around Rs 1,46,800 per 10 grams. Earlier, at the time of closing of the market on Saturday, the price was around Rs 1,69,470 per 10 grams.
Gold became much cheaper on Friday. A decline of more than 17 percent was recorded in prices in a single day. This is considered to be one of the biggest declines of this year. Gold also weakened in the international market and remained under pressure due to the strengthening of the dollar.
Gold prices also came down rapidly in the bullion market of Delhi. While the prices had reached a record level a day earlier, the very next day gold became cheaper by about Rs 14,000 and came to around Rs 1,69,000 per 10 grams. After including all taxes, this decline was clearly visible to the customers.
A decline in gold prices was also seen in foreign markets. Both spot gold and futures remained under pressure. After touching record highs, investors started taking profits, due to which the prices slipped rapidly.
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A big fall in gold prices in the futures market was recorded in one day. There was a decline of about 9 percent in the contract for February delivery. Earlier this gold had reached a record level. The pressure in the market increased further due to sudden selling.
According to the data of Indian Bullion and Jewelers Association (IBJA), the prices of 23, 22, 18 and 14 carat gold including 24 carat have also decreased. Prices may vary slightly in different cities of the country, but the overall trend is downwards.
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