Silver becomes cheaper by ₹41,000/kg in two days:Gold prices fall to ₹1.51 lakh/10 gm, making precious metal ₹6,669 affordable

There is a decline in gold and silver prices on Friday, February 6, 2026. According to the India Bullion and Jewelers Association (IBJA), the price of silver in the bullion market has fallen by Rs 13,155 to Rs 2,41,184 per kg. Earlier its price was Rs 2,54,339. It has become cheaper by Rs 41,278 in two days. Meanwhile, the price of 10 grams of 24-carat gold has decreased by Rs 1,013 to Rs 1,51,489. Earlier it was at Rs 1,52,502. Gold has become cheaper by Rs 6,669 in two days. In the bullion market, gold made an all-time high of Rs 1,76,121 and silver made Rs 3,85,933 on January 29. Silver fell by Rs 1.60 lakh in 3 days Earlier, between January 29 and February 2, silver prices had decreased by Rs 1.60 lakh. Meanwhile, gold prices had decreased by Rs 26,000. In futures trading (MCX), silver had fallen from Rs 4 lakh to Rs 2.41 per kg. 10 grams of 24 carat gold had fallen from Rs 1.70 lakh to Rs 1.40 lakh. However, prices of both had shown an upward trend afterwards. 2 reasons for decline in gold-silver Profit Booking: Gold-silver prices had reached record levels in recent days, after which investors booked profits on a large scale. Decrease in Physical Demand: Physical demand weakened after all-time high, along with increased concerns regarding industrial usage. Keep these 2 things in mind when buying gold from jewellers 1. Buy only certified gold: Always buy certified gold with Bureau of Indian Standards (BIS) hallmark. This number can be alphanumeric like AZ4524. Hallmarking indicates how many carats the gold is. 2. Cross-check prices: Cross-check the correct weight of gold and its price on the day of purchase from multiple sources (like India Bullion and Jewellers Association website). Gold rates vary for 24 carat, 22 carat and 18 carat.