Gold-Silver Rate Drop Today In India: The Indian bullion market has seen tremendous price movements this week where the fall in gold prices in India has surprised investors. According to the data released on 8 February 2026, the prices of both gold and silver metals have come down to the ground. This decline has created a golden opportunity for those shopping during the wedding season. There is a downward trend in the prices of precious metals in the international market also.

weekly downtrend

In the last one week, a huge weakness of Rs 3980 per 10 grams has been recorded in the price of 24 carat gold. Along with this, there has also been a weekly decline of about Rs 3650 in the price of 22 carat gold, due to which there is a lot of turmoil in the market. In the last seven days, investors have distanced themselves from precious metals, which is now clearly impacting these prices.

Big fall of silver

Talking about silver, it has faced more decline than gold and has slipped by Rs 65,000 in a week. On the morning of February 8, the price of silver has fallen to a new level of Rs 2,85,000 per kg. Whereas just a few days ago i.e. on January 30, the price of silver had crossed Rs 4 lakh.

Delhi and Mumbai prices

Today’s latest price of 24 carat gold in the capital Delhi remains stable at Rs 1,56,750 per 10 grams. Whereas in Mayanagari Mumbai, the rate of 24 carat gold has been recorded at Rs 1,56,600 per 10 grams, which is less than other cities. Even in metros like Chennai and Kolkata, the price of 22 carat gold is hovering around Rs 1,43,550.

Condition of other big cities

In Jaipur, Lucknow and Chandigarh, 24 carat gold price is seen as high as Rs 1,56,750 per 10 grams. Even in the markets of Ahmedabad and Bhopal, the price of 24 carat is hovering around Rs 1,56,650 per 10 grams. In all these major cities, the price of 22 carat gold remains between Rs 1,43,600 to Rs 1,43,700.

international market situation

The spot price of gold in the global market is currently trading at the level of $ 5087.73 per ounce. Internationally, the price of silver has also fallen to $74 per ounce, which is a matter of concern for investors. The sound of global recession and the strength of the dollar have created a lot of pressure on these precious metals.

future forecast

Big institutions like JP Morgan have estimated that by the end of the year, gold prices may reach $ 6300 an ounce. Due to the huge demand for gold from central banks, there is every possibility of the prices rising again. In the year 2026, central banks of different countries can buy about 800 tons of gold, which will improve the market.

advice for investors

Market experts believe that silver has fallen by about 41 percent from its high level. In such a situation, small investors should wait for a while or consider starting purchases gradually. This volatility in gold and silver prices is expected to continue for some more days.