Gold remains one of the most sought-after investment assets and jewellery metals in India. Its price fluctuates daily based on global demand, currency movements, economic conditions, and local market dynamics. Today — 5 February 2026 — market movements show continued volatility influenced by both domestic and international trends. 

In this comprehensive update, we’ll break down the latest gold rates for different purity levels (24K, 22K, 18K, and 14K), explain what these numbers mean for buyers and investors, and offer tips on how to make smart decisions given the current market scenario.

 Today’s Gold Prices (5 February 2026) – India

 Gold Rates per Gram (Indicative Retail Prices)

(Prices may vary slightly across cities and jewellers. GST, making charges, and local taxes are extra.) 

Purity / Karat Approx. Price per Gram Ⓘ Typical Uses

• 24K (99.9% Pure) ₹15,944 Coins, Bars, Investment
• 22K (91.6%) ₹14,615 Traditional Jewellery
• 18K (75%) ₹11,958 Diamond Sets, Designer Jewellery
• 14K (58%) Calculated from trends Lightweight / Costume Jewellery

Prices are for major Indian cities like Mumbai, Delhi, Chennai, Kolkata, Bangalore, Hyderabad, Pune, and Ahmedabad. 

Note: The values above reflect gold metal only — actual bill at the jeweller will include GST, making charges, and often a retail premium. This means jewellery could cost more than the metal rate alone. 

City-Wise Rate Snapshot

Major Rates (10g basis) – Typical Ranges

(Indicative, subject to change throughout the day)

City 24K / 10g 22K / 10g 18K / 10g

Mumbai ~₹1,59,440 ~₹1,46,150 ~₹1,19,580

Delhi ~₹1,59,590 ~₹1,46,300 ~₹1,19,730

Chennai ~₹1,62,560 ~₹1,49,000 ~₹1,27,500

Kolkata ~₹1,59,440 ~₹1,46,150 ~₹1,19,580

Hyderabad ~₹1,59,440 ~₹1,46,150 ~₹1,19,580

Why the difference? Freight, regional taxes, and jeweller premium cause small city-to-city variations. 

Current Market Trends Influencing Gold Prices

 Global Drivers

Gold prices have seen support from international geopolitical tensions and economic data that favor safe-haven assets like gold. For example, recent data from global markets show prices climbing over 1% due to renewed risk aversion among investors. 

Domestic Factors

In India, prices also respond to:

Local demand trends (especially festivities and wedding season)

Changes in import duties and customs policy

MCX futures movements, which set benchmarks for retail jewellers

Volatility in Short Term

Recent market reports indicate sharp one-day movements — both up and down — making gold price prediction tricky during volatile sessions. 

What Do Different Karats Mean?

Understanding karats is key to buying gold wisely:

24K – Purest Form

Purity: ~99.9%

Use: Coins, bars, investment purposes

Pros: Highest intrinsic value

Cons: Soft metal — not ideal for everyday jewellery

22K – Most Popular in India

Purity: ~91.6%

Use: Traditional jewellery

Pros: Best balance between purity and durability

Cons: Slightly lower resale value than pure gold

18K and 14K – Modern Jewellery

Purity: 75% and 58% respectively

Use: Designer sets, diamond jewellery

Pros: More durable, better for intricate designs

Cons: Lower gold content per gram

Tips Before You Buy

 1. Check AM/PM Rates

Jewellers sometimes update rates twice a day. Always confirm whether the quoted price is AM or PM. 

 2. Understand Making Charges

Making charges vary widely by design complexity and service. Always ask if charges are included or extra.

3. Timing Your Purchase

Given market volatility, buying on dips may save money — but gold is unpredictable. If your purchase isn’t urgent, monitoring rates for a day or two can help. 

4. Investment vs Jewellery

If primary goal is investment, consider sovereign bonds, gold ETFs, or coins/bars instead of jewellery due to lower premiums.

Expert Outlook (Short-Term)

Market experts suggest that after recent falls and rebounds, gold prices could remain firm in the near term, though sharp short-term swings are still possible. Investors planning large purchases should monitor global cues and local futures trends closely.

 Summary – Key Takeaways

✔ 24K Gold ~ ₹15,944 per gram

✔ 22K Gold ~ ₹14,615 per gram

✔ 18K Gold ~ ₹11,958 per gram

✔ 14K Jewellery Prices vary by region

✔ Demand, global tensions, and local policies are moving prices.