After posting gains for two consecutive sessions, gold prices in India reversed sharply on Thursday, February 5, 2026, slipping back into the red amid global market volatility and profit booking. As per the latest rates, 24 Karat gold fell by Rs 502 to Rs 15,442 per gram, while 22 Karat gold declined by Rs 460 to Rs 14,155 per gram. The drop erased a part of the recent rally as investors turned cautious and booked profits at higher levels.

Analysts attributed today’s fall in gold prices mainly to global cues. Market sentiment was impacted after US President Donald Trump nominated Kevin Warsh as the next Chair of the US Federal Reserve, triggering speculation around a potentially tighter monetary policy stance. Expectations of higher interest rates typically weigh on non-yielding assets such as gold.

24 Karat gold today saw a steep drop of Rs 502 per gram. The price of 24 Karat gold slipped to Rs 15,442 per gram, compared with Rs 15,944 per gram yesterday. For larger quantities, 8 grams of 24 Karat gold now costs Rs 1,23,536, down by Rs 4,016, while the price of 10 grams has fallen by Rs 5,020 to Rs 1,54,420. On a bulk basis, 100 grams of 24 Karat gold is now priced at Rs 15,44,200, marking a sharp decline of Rs 50,200 from the previous session.