Gold Silver Price Today February 05: The massive surge in gold and silver prices had surprised everyone, with silver crossing the ₹4 lakh mark and gold prices also soaring. After reaching historical highs, a sharp decline was recorded, with silver becoming cheaper by approximately ₹1.50 lakh and gold prices also falling. Now, gold and silver have once again gained momentum.
According to GoodReturns, today, February 5, 2026, the price of 24-karat gold has reached ₹1,59,600, while the price of silver has also reached ₹3,20,100 per kilogram. Let’s look at the latest prices in major cities today and the reasons behind the price crash.
Gold Silver Price Today February 05: Gold gains momentum, see the latest prices
| Carat | Purity of Gold | Prices in morning (₹/10 gram) |
|---|---|---|
| 24 Carat | 99.9% Pure | ₹1,59,600 |
| 22 Carat | 95.8% Pure | ₹1,46,310 |
| 18 Carat | 75% Pure | ₹1,19,740 |
24 Carat Gold Rate Today: What is the price in your city today?
| City | 24 Carat Gold Today | 22 Carat Gold Today | 18 Carat Gold Today |
|---|---|---|---|
| Lucknow | ₹1,59,600 | ₹1,46,310 | ₹1,19,740 |
| Jaipur | ₹1,59,600 | ₹1,46,310 | ₹1,19,740 |
| Delhi | ₹1,59,600 | ₹1,46,310 | ₹1,19,740 |
| Patna | ₹1,59,500 | ₹1,46,210 | ₹1,19,640 |
| Mumbai | ₹1,59,450 | ₹1,46,160 | ₹1,19,590 |
| Ahmedabad | ₹1,59,500 | ₹1,46,210 | ₹1,19,640 |
| Pune | ₹1,59,500 | ₹1,46,160 | ₹1,19,590 |
| Kolkata | ₹1,59,500 | ₹1,46,160 | ₹1,19,590 |
| Meerut | ₹1,59,600 | ₹1,46,310 | ₹1,19,740 |
| Ludhiana | ₹1,59,600 | ₹1,46,310 | ₹1,19,740 |
Silver Rate Today, February 5: Latest price of silver
| City | Silver Rate |
|---|---|
| Lucknow | ₹3,20,100 |
| Jaipur | ₹3,20,100 |
| Delhi | ₹3,20,100 |
| Patna | ₹3,20,100 |
| Mumbai | ₹3,20,100 |
| Ahmedabad | ₹3,20,100 |
| Pune | ₹3,20,100 |
| Kolkata | ₹3,20,100 |
| Meerut | ₹3,20,100 |
| Ludhiana | ₹3,20,100 |
Gold and Silver Rate Crash Reason
After the historic surge in gold and silver prices, the prices started crashing continuously, and this trend continued for several days. Now, gold and silver prices have picked up pace again, and silver is trading with another bumper surge. Let’s understand in detail why the prices crashed.
- Profit-taking: After reaching an all-time high, gold and silver were seen as safe investments, leading investors to start selling for profit, which put pressure on gold and silver prices.
- Stronger Dollar: The dollar strengthened continuously against the rupee, which weakened demand and led to a sharp surge in gold and silver prices.
- Massive surge in a short period: Gold and silver prices saw a massive surge in just a few days, making it inevitable that this bubble would burst.
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