Gold and silver prices declined across Indian markets on February 10, driven by profit-booking activity. In early trading on the Multi Commodity Exchange (MCX), gold fell nearly Rs 500, or 0.39%, to Rs 1,57,450 per 10 grams. Silver saw a sharper drop of Rs 5,000, or 2.2%, trading at Rs 2,57,037 per kg.
Spot Market Prices in Mumbai
In Mumbai’s spot market, 24-carat gold reached Rs 1,57,910 per 10 grams, while 22-carat gold traded at Rs 1,44,750 per 10 grams. These figures exclude GST and making charges. Silver prices also eased to approximately Rs 2,90,500 per kg.
Recent Market Highs
Just last month, gold hit an all-time high above Rs 1,80,000 per 10 grams, and silver peaked at a record Rs 4,20,000 per kg, reflecting volatile trends in precious metals.
City-Wise Variations
Rates fluctuate across major cities due to local demand and premiums. Traders advise checking with authorized dealers for precise 22K and 24K gold quotes in your area on February 10.
