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Business Desk, New Delhi. Monday has brought relief news for the domestic bullion market. The downward trend in gold and silver prices continues on February 9, the first day of the new week. The shine of the yellow metal has faded in major cities of the country including the capital Delhi. Due to recession in the international market, 24 carat gold fell by almost Rs. Rs 3,980 It has become weak per 10 grams.
The most shocking fall has been seen in silver, which has fallen within just a week. Rs 65,000 per kg has come down to Rs. Silver, which had crossed Rs 4 lakh on January 30, is now struggling at the level of Rs 2.85 lakh.
Gold situation from Delhi to Lucknow
This morning the price of 24 carat gold fell in Delhi markets. ₹1,56,740 It has come down to per 10 grams. At the same time, the price of 22 carat gold for jewelery making was recorded at ₹ 1,43,690 per 10 grams. Almost the same rates are applicable in Lucknow and Jaipur, the capital of Uttar Pradesh.
JPMorgan’s prediction: There will be a boom at the end of the year?
Even though prices are currently falling, global investment firm JP Morgan has made big claims about the future. According to him, by the end of the year gold $6,300 per ounce Can touch the level of. The main reason behind this is the huge purchases of gold by central banks around the world. It is estimated that in 2026, the Central Bank can include about 800 tonnes of gold in its reserves.
Today’s gold rates in major cities of the country (9 February 2026)
| City | 22 carat gold price (₹) | 24 carat gold price (₹) |
|---|---|---|
| Delhi | 1,43,690 | 1,56,740 |
| Mumbai | 1,43,540 | 1,56,590 |
| Lucknow | 1,43,690 | 1,56,740 |
| Ahmedabad | 1,43,590 | 1,56,640 |
| Chennai | 1,43,540 | 1,56,590 |
‘Tsunami’ in silver prices: Slipped below Rs 4 lakh
This may be a buying time for silver investors and buyers. On the morning of February 9, the price of silver is ₹ 2,84,900 per kg. Heavy pressure is being seen in local prices as the spot price in foreign markets has come down to $ 74 an ounce. Experts believe that such a huge decline can increase the demand for jewellery.
North India Statesman