Image Source: Mint
Gold prices in India moderated on February 7, 2026, after touching record highs in January. Domestic bullion rates eased amid profit-booking and mixed global cues, while MCX futures stabilized. Prices of 24K, 22K, and 18K gold varied across Delhi, Mumbai, Chennai, Bangalore, Hyderabad, and other major cities.
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After January’s historic surge, gold prices in India witnessed a correction, reflecting investor profit-booking and global market fluctuations. Domestic bullion rates showed moderation, while international spot gold rebounded slightly, signaling cautious optimism among traders.
Key Highlights:
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Delhi: 24K gold priced around ₹150,620 per 10g; 22K at ₹138,068 per 10g.
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Mumbai: Similar trends with 24K gold hovering near ₹150,600 per 10g.
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Chennai: Prices slightly higher due to local demand, with 24K gold above ₹151,000 per 10g.
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Bangalore: Rates aligned with national averages, showing marginal declines.
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Hyderabad: 24K gold steady at ~₹150,500 per 10g, reflecting stable demand.
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Market Trend: Prices eased from January highs, with MCX futures stabilizing and global spot gold rebounding amid shifting risk sentiment.
Conclusion
Gold prices across India are experiencing a healthy correction after January’s rally. Investors are advised to monitor global cues and domestic demand trends before making fresh purchases.
Sources: Times Now Personal Finance, Financial Express, GoldPriceIndia.com
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