Gold Rate Today 9 February 2026: India’s gold markets witnessed a powerful rally on Monday, February 9, 2026, with prices climbing sharply across major cities as investors rushed to capitalize on recent corrections.
The yellow metal’s resurgence comes amid a weakening US dollar and renewed safe-haven demand, pushing 24-karat gold back toward the psychologically crucial ₹1.6 lakh mark.
In Chennai, 24K gold touched ₹1,59,820 per 10 grams, leading metropolitan rates, while Delhi and Mumbai followed closely at ₹1,58,990 and ₹1,58,840 respectively.
The precious metal’s recovery marks a dramatic turnaround from late January’s volatility, with investors viewing the recent dip as an attractive buying opportunity.
The Multi Commodity Exchange reflected this bullish sentiment even more dramatically. MCX Gold April futures surged over 2% to reach ₹1,58,500 per 10 grams—recovering nearly ₹3,000 from the previous session.
Silver outpaced its yellow counterpart with an impressive 6% jump, trading around ₹2,64,885 per kilogram.
Globally, spot gold climbed to approximately $5,061 per ounce, buoyed by a declining Dollar Index. Market analysts now have their eyes fixed on the ₹1,60,000 resistance level on MCX, with a sustained breach potentially triggering a fresh rally toward ₹1,70,000.
The current momentum reflects classic “bargain hunting” behavior, though traders remain watchful of US Federal Reserve signals and ongoing geopolitical tensions.
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With strong support established between ₹1,52,000-₹1,54,000, gold continues to cement its status as investors’ preferred hedge against uncertainty.
Disclaimer: The gold and silver rates provided in this article are for informational purposes only and are based on current market data as of February 9, 2026. Prices are subject to change due to market volatility. These rates typically do not include 3% GST, making charges, or local taxes. Readers are advised to verify prices with a certified jeweler or official exchange before making any purchase or investment. This content does not constitute financial advice.
Yogesh Kolhe is a business and market news writer covering the share market, company earnings, and gold and silver price movements, with a strong focus on the automobile sector. A Mechanical Engineering graduate with 5 years of share market experience, he provides data-driven, reliable insights into market and industry trends.
