Gold price hike Rs 6000 from last 48 hours
Gold price in India have indeed seen a massive surge over the last few days, recovering nearly all the ground lost during the post-Budget correction. Gold price hike Rs 6000 from last 48 hours. Check todays rates for 24K, 22K and 18K gold.
As of today, February 9, 2026, the price of 24K gold has climbed back toward the Rs 1.59 lakh per 10 grams mark, following a cumulative hike of roughly Rs 5,000 to Rs 6,000 over the last 48 hours.
Current Gold Rates in India (Feb 9, 2026):Price per 10 Grams of 24K 2-Day Change (Approx.)
24K Gold: Rs 1,58,840 – Rs 5,130
22K Gold: Rs 1,45,600 – Rs 4,690
18K Gold: Rs 1,19,130 – Rs 3,840
Why the Sudden Spike?:
The massive jump is essentially a “rubber band effect” after the volatility seen earlier this month. Here are the primary drivers. After gold prices crashed by nearly 12% in early February following the Union Budget 2026 (where import duties were adjusted), investors saw a “buying dip.”
Massive institutional and retail buying at the lower Rs 1.50 lakh level pushed prices back up rapidly.
Renewed tensions in the Middle East and ongoing uncertainty regarding US-Iran talks in Oman have driven global investors back to gold as a safety net.
In the international market, spot gold has surged back toward $5,000 per ounce, directly impacting domestic rates in India.
We are currently in a peak marriage season in India. The physical demand for jewelry remains inelastic, providing a strong floor for prices despite the high rates.
While the volatility is high, many analysts (including those from J.P. Morgan and UBS) are now predicting that gold could test the $6,000/oz (International) or Rs 1.80 lakh/10g (Domestic) mark later this year if the current economic climate persists.
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