Gold Rate Today 3 February 2026 bounced back strongly. After heavy falls in recent days, prices jumped on the Multi Commodity Exchange (MCX) and in physical shops. The main push came from reports of a new India-US trade deal that cuts some tariffs, plus a lift in global gold prices.
On MCX, April 2026 gold futures climbed to around ₹1,52,050 per 10 grams. That’s up about 5.60% or ₹4,685 from yesterday’s close. Prices even dipped below ₹1,38,000 early today before the quick recovery.
Physical retail rates for 24K gold now hover near ₹1,53,000–1,53,300 per 10 grams in most cities. Here’s a simple city-wise look (per 10 grams, indicative, before GST and making charges):
Gold Rate Today 3 February 2026
| City | 24K Gold (10g) | 22K Gold (10g) |
|---|---|---|
| Mumbai | ₹1,53,170 | ₹1,40,400 |
| Delhi | ₹1,53,320 | ₹1,40,550 |
| Chennai | ₹1,52,180 | ₹1,39,500 |
| Bengaluru | ₹1,53,170 | ₹1,40,400 |
| Hyderabad | ₹1,53,170 | ₹1,40,400 |
| Kolkata | ₹1,53,170 | ₹1,40,400 |
| Ahmedabad | ₹1,53,220 | ₹1,40,450 |
Gold Rate Today 3 February 2026 shows the market is still very jumpy. Prices hit record highs near ₹1.83 lakh in late January, then crashed on profit booking. Today’s rise ties to easier US trade terms for India and spot gold climbing back to $4,837 per ounce.
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Silver joined the party too, hitting a 6% upper circuit on MCX and trading near ₹2.50 lakh per kg.
Experts say volatility stays high. Short-term moves depend on trade news and dollar strength, but many still see gold bullish longer term due to global tensions.
Disclaimer: The gold rates and market data provided above are for informational purposes only and do not constitute financial advice. Prices are based on current market trends and are subject to change without notice due to market volatility. Investors should consult with a certified financial advisor or check with local bullion dealers before making any investment 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.
