New Delhi: In a major development the gold and silver prices bounced back on Tuesday February 3 regaining some of their recent losses following a massive reversal from record-setting declines. On Tuesday the spot gold surged as much as 4 percent to USD 4830 on ounch meanwhile spot silver also climbed nearly 8% to USD 82.74. It is important to note that the spot gold prices tumbled almost 10 percent on January 30 marking their sharpest decline since 1983. Silver plunged even worse falling 27 percent in the same session—its steepest single-day fall on record. Here are some of the important details: According to the All India Sarafa Association in Delhi’s bullion market 24-carat gold fell to Rs 152700 per 10 grams. On the Multi Commodity Exchange (MCX) 24-carat gold today reached Rs 141900 per 10 grams. On Thursday it had touched its all-time high of Rs 180779 per 10 grams but prices have been falling steadily since then. On Tuesday spot gold rose 4% to $4830 per ounce. The United States has reduced tariffs on India from 25 percent to 18 percent due to which further fluctuations in prices are expected today. In the international market spot gold slipped to USD 4781.60 per ounce. According to Goodreturns gold prices today reached Rs 153320 per 10 grams whereas on Thursday they had climbed to Rs 179010 per 10 grams. As per the Indian Bullion and Jewellers Association (IBJA) gold prices stood at Rs 148746 per 10 grams by Tuesday morning. Gold Price in Your City: In Delhi Lucknow Varanasi Ayodhya Kanpur Meerut Ghaziabad Noida Chandigarh Gurugram Jaipur and Ludhiana 24-carat gold was priced at ₹153320 per 10 grams 22-carat gold at ₹140550 and 18-carat gold at ₹115030. In Patna Ahmedabad Bhopal Indore Surat and Vadodara 24-carat gold stood at ₹153220 22-carat at ₹140450 and 18-carat at ₹114930 per 10 grams. Mumbai Kolkata Pune Guwahati Nagpur Bengaluru Bhubaneswar Cuttack Kerala Raipur and Hyderabad saw similar rates with 24-carat gold at ₹153170 22-carat at ₹140400 and 18-carat at ₹114880 per 10 grams. In Nashik prices were marginally different with 24-carat gold at ₹153200 22-carat at ₹140430 and 18-carat at ₹114910. Meanwhile Chennai recorded comparatively lower prices for 24 and 22-carat gold at ₹152180 and ₹139500 respectively while 18-carat gold there was priced higher at ₹120000 per 10 grams. On 3 February 2026 gold prices remained largely stable across major Indian cities with slight regional variations.