Gold Rate Today 1 February 2026: Gold rate today 1 February 2026 has come under heavy pressure in the Indian market, marking a sharp correction after last week’s historic highs.
After rising nonstop through January, gold prices fell sharply on Sunday as investors rushed to book profits. Uncertainty ahead of the Union Budget 2026 also added to market nervousness.
Just a few days ago, gold prices were hovering close to ₹1.80 lakh per 10 grams. Since then, the yellow metal has entered a clear correction phase, something traders say was overdue after the recent fast rally.
MCX Gold Rate Today
On the Multi Commodity Exchange (MCX), gold futures for February 2026 expiry slipped to around ₹1,36,185 per 10 grams in early trade.
This marks a steep fall of nearly 9% from recent levels. Market experts say automated selling, profit booking, and stop-loss triggers accelerated the decline.
Gold Rate Today 1 February 2026: City-wise Prices
Retail gold prices across major cities also moved lower. Rates may vary based on local taxes, 3% GST, and jeweller charges.
| City | 24K Gold (10g) | 22K Gold (10g) |
|---|---|---|
| Mumbai | ₹1,60,580 | ₹14,720 |
| Delhi | ₹1,60,730 | ₹14,735 |
| Chennai | ₹1,62,550 | ₹14,900 |
| Bengaluru | ₹1,60,580 | ₹14,720 |
| Kolkata | ₹1,60,580 | ₹14,720 |
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Why Gold Prices Are Falling
The fall in gold rate today 1 February 2026 is mainly due to profit booking after January’s surge and caution ahead of Budget announcements. With volatility high, experts advise tracking prices closely and avoiding rushed buying decisions.
Disclaimer: The rates provided are for informational purposes only and are subject to market fluctuations. Gold prices change rapidly; please consult with a certified jeweler or financial advisor before making any investment or purchase decisions.
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.
