Silver and Gold Price Today 4 February 2026 brought big relief to investors as both precious metals bounced back sharply after a painful four-day slump. Prices surged on Wednesday, driven by fresh buying at lower levels, a softer US dollar, and positive sentiment around recent India-US trade developments.
The rebound was clearly visible on the Multi Commodity Exchange of India (MCX), where gold and silver recorded strong intraday gains.
Silver and Gold Price Today 4 February 2026
Silver Leads the Rally
Silver stole the spotlight during today’s trade. After losing nearly ₹2 lakh per kg in recent sessions, silver made a powerful comeback.
MCX silver (March expiry) jumped by more than ₹15,000 per kg in early trade. Prices climbed to around ₹2,84,094 per kg, from the previous close of ₹2,68,801. From Monday’s low near ₹2.25 lakh, silver has recovered close to ₹60,000 in just two days, showing strong buying interest at lower levels.
Gold Back Above Key Levels
Gold also moved higher with a solid 3% jump. On MCX, April futures traded close to the ₹1,60,000 per 10 grams mark. During the session, 24-carat gold rose by over ₹5,000, supported by a recovery in global prices. Spot gold also moved back above $5,000 per ounce, as buyers stepped in after the recent correction.
City-wise Gold Prices 4 February 2026
| City | 24K Gold (10g) | 22K Gold (10g) |
|---|---|---|
| Delhi | ₹1,60,680 | ₹1,47,300 |
| Mumbai | ₹1,60,530 | ₹1,47,150 |
| Chennai | ₹1,62,560 | ₹1,49,000 |
| Bengaluru | ₹1,60,530 | ₹1,47,150 |
Why Prices Jumped Suddenly
Experts say bargain buying after last week’s sharp fall, a weaker US dollar, and easing trade tensions after the US lowered tariffs on Indian goods helped boost sentiment. Ongoing global uncertainties also supported gold’s safe-haven demand.
Disclaimer: Gold and silver prices are highly volatile. Rates may vary due to taxes and local charges. Please consult a financial expert before investing in precious metals or related products.
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.
