Gold Rate Today 4 February 2026 shows a strong comeback in the Indian market after the sharp ups and downs seen over the past few weeks.
Following the record highs of late January and a brief correction, gold prices have once again moved upward, supported by global and domestic factors.
MCX Gold Price Update
On the futures market, gold witnessed a powerful rally on Tuesday. On the Multi Commodity Exchange of India (MCX), the April 2026 gold contract traded around ₹1,53,808 per 10 grams, rising by nearly ₹5,322 or 3.46% compared to the previous session.
During intraday trade, prices even touched a high of ₹1,60,755, reflecting strong buying interest.
Gold Rate Today 4 February 2026
Retail gold prices differ slightly across cities due to local taxes, transport costs, and jeweller margins. Below are the latest indicative rates for 24K and 22K gold:
| City | 24K Gold | 22K Gold |
|---|---|---|
| Chennai | ₹1,62,560 | ₹1,49,000 |
| Mumbai | ₹1,60,530 | ₹1,47,150 |
| Delhi | ₹1,60,680 | ₹1,47,330 |
| Kolkata | ₹1,60,530 | ₹1,47,150 |
| Bangalore | ₹1,60,530 | ₹1,47,150 |
| Hyderabad | ₹1,60,530 | ₹1,47,150 |
| Ahmedabad | ₹1,60,580 | ₹1,47,200 |
| Pune | ₹1,60,530 | ₹1,47,150 |
Note: Prices do not include 3% GST, making charges, or hallmarking fees.
Why Gold Prices Are Rising
Several factors are supporting today’s gold rebound. Fresh geopolitical tensions in the Middle East have increased demand for gold as a safe-haven asset.
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At the same time, positive news on US–India trade tariffs, which were reportedly reduced to 18% from 50%, has boosted local sentiment. Globally, spot gold has climbed back toward the $5,000 per ounce level, helped by a weaker US dollar.
With volatility still high, investors are closely tracking gold’s next move after this strong recovery.
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.
