Gold Silver Rate Today February 4: The massive surge in gold and silver prices had surprised everyone, with silver crossing the ₹4 lakh mark and gold prices also experiencing a significant jump. After reaching historical highs, prices witnessed a sharp decline; silver became cheaper by approximately ₹1.50 lakh, and gold prices also fell. Now, gold and silver have once again gained momentum.
According to GoodReturns, today, February 4, 2026, the price of 24-karat gold has reached ₹1,60,680, while the price of silver has also risen to ₹2,79,900 per kilogram. Let’s look at the latest prices in major cities and the reasons behind the price crash in detail.
Gold Silver Rate Today February 4: Gold gains momentum, see the latest prices
| Carat | Purity of Gold | Prices in Morning (₹/10 gram) |
|---|---|---|
| 24 Carat | 99.9% Pure | ₹1,60,680 |
| 22 Carat | 95.8% Pure | ₹1,47,300 |
| 18 Carat | 75% Pure | ₹1,20,550 |
24 Carat Gold Rate Today: What is the price in your city?
| City | 24 Carat Gold Today (₹/Gram) | 22 Carat Gold Today (₹/Gram) | 18 Carat Gold Today (₹/Gram) |
|---|---|---|---|
| Lucknow | ₹1,60,680 | ₹1,47,300 | ₹1,20,550 |
| Jaipur | ₹1,60,680 | ₹1,47,300 | ₹1,20,550 |
| Delhi | ₹1,60,680 | ₹1,47,300 | ₹1,20,550 |
| Patna | ₹1,60,580 | ₹1,47,200 | ₹1,20,450 |
| Mumbai | ₹1,60,530 | ₹1,47,150 | ₹1,20,400 |
| Ahmedabad | ₹1,60,580 | ₹1,47,200 | ₹1,20,450 |
| Pune | ₹1,60,530 | ₹1,47,150 | ₹1,20,400 |
| Kolkata | ₹1,60,530 | ₹1,47,150 | ₹1,20,400 |
| Meerut | ₹1,60,680 | ₹1,47,300 | ₹1,20,550 |
| Ludhiana | ₹1,60,680 | ₹1,47,300 | ₹1,20,550 |
Silver Rate Today, February 4: Latest price of silver
| City | Silver Rate |
|---|---|
| Lucknow | ₹2,80,000 |
| Jaipur | ₹2,80,000 |
| Delhi | ₹2,80,000 |
| Patna | ₹2,80,000 |
| Mumbai | ₹2,80,000 |
| Ahmedabad | ₹2,80,000 |
| Pune | ₹2,80,000 |
| kolkata | ₹2,80,000 |
| Meerut | ₹2,80,000 |
| Ludhiana | ₹2,80,000 |
Gold and Silver Rate Crash Reasons
- Profit-taking: After prices reached an all-time high, gold and silver were seen as safe investments, leading investors to start selling for profit, which put downward pressure on gold and silver prices.
- Strong Dollar: The dollar strengthened continuously against the rupee, which weakened demand and led to a sharp rise in gold and silver prices.
- Sharp rise in a short period: Gold and silver prices saw a sharp increase in just a few days, making it inevitable that this bubble would burst.
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