Budget Day Impact: Gold becomes ₹13,000 cheaper, Silver tumbles ₹71,000 in two days; Today’s Latest Prices

By: Kashish Chawla

On: Sunday, February 1, 2026 11:31 AM

Gold Silver Price Today February 01
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Gold Silver Price Today February 01: Today is a very important day for the country. On February 1, Finance Minister Nirmala Sitharaman is going to present the Union Budget 2026. The sharp fall in gold and silver prices just before the budget has surprised everyone. This has raised several questions in the minds of the common people—will there be any major announcement regarding gold in the budget? Will the tax rules be changed? Could the import duty be reduced? And the biggest question, could gold become even cheaper in the coming days?

According to GoodReturns, price of gold has fallen to Rs 1,60,730 today, while on Thursday it had reached Rs 1,79,010 per 10 grams. According to the Indian Bullion and Jewellers Association (IBJA), by Sunday morning, gold had fallen to Rs 1,65,795 per 10 grams. Now, based on the latest data from IBJA, let’s look at the new prices of 24, 23, 22, 18, and 14 carat gold, as well as the prevailing gold prices in different cities across the country. On budget day, silver on the Multi Commodity Exchange (MCX) fell by 9 percent, or Rs 26,273, to Rs 2,65,652 per kilogram.

Gold Rate Today: Price of 24, 18, 14 carat gold (per 10 grams) (Source: IBJA)

Gold Silver Price Today February 01
Gold Silver Price Today February 01
Carat Purity of Gold Price in Morning (₹/10 Gram)
24 Carat 99.9% Purity ₹1,65,795
23 Carat 95.8% Purity ₹1,65,131
22 Carat 91.6% Purity ₹1,51,868
18 Carat 75% Purity ₹1,24,346
14 Carat 58.5% Purity ₹96,990

24 Carat Gold Rate Today: Latest prices in major cities (Gold per 10 grams) (What is today’s gold price?)

Gold Silver Price Today February 01
Gold Silver Price Today February 01 (source- social media)
City 24 Carat Gold (₹/10 Gram) 22 Carat Gold (₹/10 Gram) 18 Carat Gold (₹/10 Gram)
Delhi ₹1,60,730 ₹1,47,350 ₹1,20,590
Mumbai ₹1,60,580 ₹1,47,200 ₹1,20,440
Kolkata ₹1,60,580 ₹1,47,200 ₹1,20,440
Chennai ₹1,62,550 ₹1,49,000 ₹1,28,000
Patna ₹1,60,630 ₹1,47,250 ₹1,20,490
Lucknow ₹1,60,730 ₹1,47,350 ₹1,20,590
Kanpur ₹1,60,730 ₹1,47,350 ₹1,20,590
Meerut ₹1,60,730 ₹1,47,350 ₹1,20,590
Ayodhya ₹1,60,730 ₹1,47,350 ₹1,20,590
Ghaziabad ₹1,60,730 ₹1,47,350 ₹1,20,590
Noida ₹1,60,730 ₹1,47,350 ₹1,20,590
Chandigarh ₹1,60,730 ₹1,47,350 ₹1,20,590
Gurugram ₹1,60,730 ₹1,47,350 ₹1,20,590
Jaipur ₹1,60,730 ₹1,47,350 ₹1,20,590
Ghaziabad ₹1,60,630 ₹1,47,250 ₹1,20,490
Pune ₹1,60,580 ₹1,47,200 ₹1,20,440
Ludhiana ₹1,60,730 ₹1,47,350 ₹1,20,590
Guwahati ₹1,60,580 ₹1,47,200 ₹1,20,440
Indore ₹1,60,630 ₹1,47,250 ₹1,20,490
Indore ₹1,60,630 ₹1,47,250 ₹1,20,490

Silver Rate Today, February 1: Latest silver prices (according to GoodReturns) (10 grams, 100 grams, 1 kg)

Gold Silver Price Today February 01
Gold Silver Price Today February 01 (source- social media)
City 10 Gram Silver (₹) 100 Gram Silver (₹) 1 Kg Silver(₹)
Delhi ₹3,500 ₹35,000 ₹3,50,000
Mumbai ₹3,500 ₹35,000 ₹3,50,000
Kolkata ₹3,500 ₹35,000 ₹3,50,000
Chennai ₹3,500 ₹35,000 ₹3,50,000
Patna ₹3,500 ₹35,000 ₹3,50,000
Lucknow ₹3,500 ₹35,000 ₹3,50,000
Meerut ₹3,500 ₹35,000 ₹3,50,000
kanpur ₹3,500 ₹35,000 ₹3,50,000
Ayodhya ₹3,500 ₹35,000 ₹3,50,000
Ghaziabad ₹3,500 ₹35,000 ₹3,50,000
Noida ₹3,500 ₹35,000 ₹3,50,000
Gurugram ₹3,500 ₹35,000 ₹3,50,000
Chandigarh ₹3,500 ₹35,000 ₹3,50,000
Jaipur ₹3,500 ₹35,000 ₹3,50,000
Ahmedabad ₹3,500 ₹35,000 ₹3,50,000
Pune ₹3,500 ₹35,000 ₹3,50,000
Ludhiana ₹3,500 ₹35,000 ₹3,50,000
Guwahati ₹3,500 ₹35,000 ₹3,50,000
Indore ₹3,500 ₹35,000 ₹3,50,000
Surat ₹3,500 ₹35,000 ₹3,50,000
Nagpur ₹3,500 ₹35,000 ₹3,50,000
Nasik ₹3,500 ₹35,000 ₹3,50,000
Bangalore ₹3,500 ₹35,000 ₹3,50,000
Vadodra ₹3,500 ₹35,000 ₹3,50,000
Bhuvneshwar ₹3,500 ₹35,000 ₹3,50,000
Raipur ₹3,500 ₹35,000 ₹3,50,000
Hyderabad ₹3,500 ₹35,000 ₹3,50,000

Gold and Silver Rates Today, February 1: How to find the latest rates?

Gold Silver Price Today February 01
Gold Silver Price Today February 01 (source- social media)

Please note that the IBJA does not release rates on Saturdays, Sundays, or government holidays. You can also easily check the retail price of gold on your mobile phone. Simply give a missed call to 8955664433, and you will receive a message on your phone immediately. The complete gold price information will be sent to you via SMS.

Also Read- Sensex, Nifty open nearly flat on Budget Day as Investors await key Fiscal Cues

Kashish Chawla

Kashish Chawla is a content writer at Punjab Kesari. A journalist with 1.5+ experience years across digital media. She is graduated from Bachelors in Journalism and Mass communication from Chaudhary Charan Singh University, worked with Zee Media as a website content writer, and as a reported with Indianewslive.