Gold and Silver Prices in India End Higher at Market Close on 4 February 2026; Gold Near ₹1.60 Lakh, Silver at ₹3.20 Lakh

Gold and silver prices in India ended higher on Wednesday, reversing a mixed and corrective tone from the previous session. Bullion markets rallied through the day, with both metals moving into positive territory by the market close. Renewed buying interest, global precious metals strength, and improved risk sentiment underpinned the rebound, marking a stabilising phase after recent sharp swings in prices.

Market Close Gold and Silver Prices in India (Retail Rates, City-wise)

Retail closing rates are indicative; local premiums, taxes and dealer margins may cause slight variations.

Intraday Trade: Volatility, Dip-Buying and Late-Session Recovery

Bullion witnessed a notable intraday swing on Wednesday. Gold prices opened subdued before building momentum in late trade, rising from ranges closer to last session’s close into stronger territory by the end. Silver also saw wide intraday movement, with early volatility giving way to robust recovery into the afternoon.

This trading pattern contrasts with Tuesday, when markets struggled with profit-taking and mixed sentiment and ended with less decisive direction. Wednesday’s session showed that buyers stepped back in after dips, reducing defensive positioning and cushioning recent volatility.

Gold Price Close Analysis: Clear Numerical Comparison

Tuesday (3 Feb):
Retail 24K gold was reported near ₹1,53,930 per 10 g in major metros, after a mixed session with modest gains and corrective pressure.

Wednesday (4 Feb):
Retail 24K gold climbed to roughly ₹1,60,680 per 10 g in Delhi, a rise of about ₹6,750 (~4.4%) from Tuesday’s closing-rate benchmark. Silver prices also firmed across cities.

The rebound in gold was supported by firm global bullion prices, with spot gold trading well over US$5,000/oz on international benchmarks. This supported a shift from profit-booking to stabilisation and accumulation during Wednesday’s session.

Silver Price Close Analysis: Relative Movement and Numbers

Tuesday (3 Feb):
Silver retail rates were around ₹2.80 lakh/kg across metros at close, reflecting a mixed trend with intermittent rebounds yet persistent pressure.

Wednesday (4 Feb):
By contrast, silver prices closed nearer ₹3.20 lakh/kg in multiple cities, an increase of roughly ₹40,000 (~14%) from Tuesday’s indicated retail levels.

Silver’s stronger percentage rise compared with gold highlights the metal’s higher sensitivity to intraday repositioning and rebound dynamics, especially amid stabilising global commodities. However, inherent volatility remains, with wide price ranges noted through the session.

Macro Signals Influencing Prices Today

• Global Precious Metals Rally: International gold and silver benchmarks strengthened, reducing recent selling pressure in domestic markets.
• U.S. Dollar Movements: A marginally softer dollar improved the appeal of precious metals, aiding price recovery.
• Dip-Buying and Technical Support: Prices rebounded from earlier correction levels as buyers stepped in after profit-booking pressures eased.

What Today’s Close Signals for the Market

The end-of-day rebound suggests that bullion markets are transitioning from a correction phase to consolidation, with both gold and silver regaining traction. Gold’s steadier rise reflects renewed safe-haven appetite after a pullback, while silver’s sharper rebound illustrates elevated speculative participation on recovery themes.

While volatility remains, Wednesday’s performance marks a discernible shift toward stabilisation, as buyers re-engage after recent pullbacks on key support levels.

Interpretative Market View: From Correction to Stabilisation

Numerically, both precious metals reversed from their recent corrective lows: gold saw strength return after a multi-session decline, rising approximately ₹6,000+ per 10 g compared with Tuesday’s benchmark, and silver rebounded by ~₹40,000 per kg. These moves underline a pivot from unsettled price behaviour to more balanced demand dynamics by the close.

Today’s session closes suggest that bullion markets are absorbing earlier volatility and repositioning for a range-bound consolidation phase, rather than an outright trend continuation or fresh breakout.

📌 All prices and comparisons are based on verified retail quotes and live market reporting as of the evening of 4 February 2026.

Gold and Silver Prices in India End Mixed Amid Volatile Swings at Market Close on 3 February 2026

Gold and silver prices in India ended Tuesday’s trading session on a mixed note, reflecting a day of sharp intraday swings and cautious positioning across bullion markets.

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