Gold Prices in India Witness Notable Increase on February 9
Gold rates across India experienced a substantial uptick today, Monday, February 9, 2026, reflecting ongoing volatility in the precious metals market. Following a period of dramatic fluctuations, including a record peak in January and a sharp decline post-Budget, prices have rebounded, signaling renewed investor interest and market adjustments.
Current Gold Rates Per Gram in India
As of today, the price of gold varies by purity level, with significant increases observed across all carats. The rates are as follows:
- 24 Karat Gold: Rs 15,884 per gram, marking a rise of Rs 224 per gram.
- 22 Karat Gold: Rs 14,560 per gram, up by Rs 205 per gram.
- 18 Karat Gold: Rs 11,913 per gram, increasing by Rs 168 per gram.
24-karat gold, known for its high purity, is primarily favored for investment purposes, while 22-karat and 18-karat gold are commonly used in jewellery manufacturing due to their durability and aesthetic appeal.
City-Wise Gold Price Breakdown
Gold prices differ slightly across major Indian cities due to local factors such as demand, taxes, and transportation costs. Below is a detailed list of today's rates per gram in key urban centers:
- Chennai: 24K at Rs 15,982, 22K at Rs 14,650, 18K at Rs 12,520
- Mumbai: 24K at Rs 15,884, 22K at Rs 14,560, 18K at Rs 11,913
- Delhi: 24K at Rs 15,899, 22K at Rs 14,575, 18K at Rs 11,928
- Kolkata: 24K at Rs 15,884, 22K at Rs 14,560, 18K at Rs 11,913
- Bangalore: 24K at Rs 15,884, 22K at Rs 14,560, 18K at Rs 11,913
- Hyderabad: 24K at Rs 15,884, 22K at Rs 14,560, 18K at Rs 11,913
- Kerala: 24K at Rs 15,884, 22K at Rs 14,560, 18K at Rs 11,913
- Pune: 24K at Rs 15,884, 22K at Rs 14,560, 18K at Rs 11,913
- Vadodara: 24K at Rs 15,889, 22K at Rs 14,565, 18K at Rs 11,918
- Ahmedabad: 24K at Rs 15,889, 22K at Rs 14,565, 18K at Rs 11,918
These figures highlight regional variations, with Chennai showing the highest rates for 24K and 22K gold, while other cities maintain relatively consistent pricing.
Market Context and Recent Trends
The gold market in India has been on a rollercoaster ride in recent weeks. In January 2026, prices soared to an all-time high, climbing by almost 20 per cent, driven by global economic uncertainties and strong domestic demand. However, this surge was short-lived, as gold prices plummeted by more than 12 per cent in just ten days, particularly after Union Finance Minister Nirmala Sitharaman presented the Union Budget on February 1. The Budget's provisions and fiscal policies likely influenced investor sentiment, leading to a temporary dip.
Today's price increase suggests a correction phase, with buyers and sellers adjusting to the new market dynamics. Experts attribute the rise to factors such as international gold price movements, currency fluctuations, and local demand spikes ahead of upcoming festivals and wedding seasons.
Gold remains a cornerstone of Indian investment and cultural traditions, with its prices closely monitored by consumers, jewellers, and financial analysts alike. Stay informed with the latest updates to make well-timed decisions in this volatile market.
