Gold Price 13 January 2026 - 2 February 2026

Gold futures in India climbed to a record ₹1.58 lakh per 10 grams on Wednesday, marking a third straight session of gains as global prices surged past $4,800 an ounce. Silver futures followed suit, hitting a new high above ₹3.35 lakh per kilogram on the Multi Commodity Exchange, the country’s primary commodity derivatives platform. Spot gold surged past $4,800 for the first time, hitting a record $4,887.82 an ounce. Investors seeking safety piled in as tensions between the US and NATO escalated over Greenland. “The Greenland crisis is front and centre,” said Jamie Dutta, market analyst at Nemo.money, ahead of President Donald Trump’s speech at the World Economic Forum in Davos.

Gold prices slipped on Thursday after hitting a record high the previous day, as traders took profits and demand for safe havens waned following U.S. President Donald Trump’s calmer stance on Iran and Washington’s decision to hold off on tariffs for critical minerals. Spot gold dropped 0.4% to $4,602.99 an ounce. Silver tumbled 3% to $89.97, retreating from its all-time peak of $93.57, while platinum and palladium also declined. Ole Hansen, Saxo Bank’s head of commodity strategy, noted the metals “slid after Trump signalled” a pause on Iran-related actions. The pullback follows a sharp surge that drove bullion to new highs Wednesday, fueled by geopolitical tensions and bets on U.S. rate cuts later this year. “All roads are leading to gold and silver,” said Alex Ebkarian, chief operating officer at Allegiance Gold, highlighting broad demand as the rally extended.

Gold price today in India held near record territory on Wednesday, with MCX gold up about 0.5% at 143,000 rupees per 10 grams by 10 a.m. IST after touching a fresh peak of 143,096. MCX silver climbed 4.4% to 287,199 rupees a kg and also hit a record intraday. The surge has been driven from the top down by global markets. Spot gold rose 1% to $4,633.40 an ounce and hit a record $4,639.42, while silver jumped to $90.59 after breaching $90 for the first time; silver is up nearly 27% so far this year. “Inflation remained relatively contained at 2.6% year-on-year,” said Tim Waterer, chief market analyst at KCM Trade, as traders looked to U.S. producer price index data after softer consumer price index readings; investors expect two 25-basis-point rate cuts this year, with June seen as the earliest. Platinum and palladium also rose.