Gold rate down today Rs 5200: Check latest rates in your city

Gold rate: On February 5, 2026, gold prices in India saw a notable drop of Rs 5200 for 10 gram for 24K gold compared to the previous day, February 4. This decline effectively erased most of the gains made during the sharp rally on February 4.

The market has been extremely volatile this week. February 4 saw one of the strongest single-day gains in recent weeks (climbing nearly 3%), while February 5 wiped out most of those gains.

Analysts attribute the February 5 drop to global market factors and a cautious outlook from the US Federal Reserve regarding interest rate cuts.

Prices vary slightly across cities due to local taxes and demand. For example, Chennai typically maintains a premium, with 24K gold trading at approximately Rs 15,622 on February 5, compared to Rs 15,442 in Mumbai and Delhi.

Price Comparison (Per Gram)Purity, Feb 4, 2026, Feb 5, 2026 and Variation:

24K Gold – Rs 15,944 – Rs 15,442 – Rs 502

22K Gold – Rs 14,615 – Rs 14,155 – Rs 460

18K Gold – Rs 11,958, Rs 11,582 – Rs 376

Silver also saw a sharp correction today, falling by approximately Rs 20,000 per kg (dropping from Rs 3,20,000 to Rs 3,00,000).

City-Wise 24K Rates (Feb 5):

While the standard drop was around Rs 502, final retail prices vary slightly by city:

Mumbai/Kolkata: Rs 15,442

Delhi: Rs 15,457

Chennai: Rs 15,622 (historically higher due to local demand/taxes)

Ahmedabad: Rs 15,447

Also Read: Gold Price down Rs 28,000: Check today gold price in major cities