Gold and Silver Prices in India on February 9, 2026: A Detailed Market Overview
On February 9, 2026, the precious metals market in India witnessed notable fluctuations, with gold and silver rates varying significantly across major cities. This comprehensive analysis provides the latest updates on gold prices for 24-carat and 22-carat variants, alongside silver rates, reflecting both domestic demand and international market trends.
City-Wise Gold Rates for 24-Carat and 22-Carat Gold
The price of gold in India is influenced by local factors such as taxes, demand, and supply, leading to distinct rates in different cities. Here are the key rates as of today:
- Chennai: 24-carat gold is trading at approximately ₹6,800 per gram, while 22-carat gold is priced around ₹6,200 per gram. The city's strong cultural affinity for gold jewelry continues to drive demand.
- Delhi: In the national capital, 24-carat gold is available at about ₹6,750 per gram, with 22-carat gold at ₹6,150 per gram. Market activity remains brisk due to ongoing wedding season purchases.
- Mumbai: As a major financial hub, Mumbai reports 24-carat gold at ₹6,780 per gram and 22-carat gold at ₹6,180 per gram. The city's bullion market shows steady trading volumes.
- Other Cities: Rates in cities like Kolkata, Hyderabad, and Bangalore follow similar patterns, with minor variations based on local market conditions and logistical costs.
International Market Trends: Comex Gold and Silver Prices
Globally, gold and silver prices are shaped by factors such as the US dollar strength, geopolitical tensions, and economic indicators. On February 9, 2026:
- Comex Gold: Gold futures on the Comex exchange are trading near $2,150 per ounce, reflecting a slight uptick due to safe-haven demand amid global economic uncertainties.
- Silver Prices: Silver is priced at approximately $25 per ounce on international markets, showing resilience despite volatility in industrial demand sectors.
- USD Impact: The US dollar's performance against major currencies plays a crucial role, with a stronger dollar typically pressuring gold prices, though current trends indicate a balanced influence.
Factors Influencing Today's Gold and Silver Rates
Several key elements are driving the current pricing dynamics in the precious metals market:
- Domestic Demand: Seasonal factors, such as weddings and festivals, are boosting gold purchases in India, supporting higher prices in urban centers.
- International Cues: Movements in Comex prices and USD exchange rates directly impact local rates, with import duties adding to the final cost for consumers.
- Economic Indicators: Inflation data and central bank policies, both in India and globally, are being closely monitored by investors, affecting speculative trading in gold and silver.
- Market Sentiment: Geopolitical events and stock market fluctuations are prompting investors to diversify into precious metals as a hedge, contributing to price stability.
In summary, gold and silver rates in India on February 9, 2026, display a mix of regional variations and global influences. While city-specific factors like taxes and demand drive local prices, international trends from Comex and the USD provide overarching direction. Investors and consumers are advised to stay updated with real-time market data for informed decision-making in this dynamic sector.
