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Gold prices in India dropped 21% over 20 days, trading around ₹1,54,937 per 10 grams on MCX as of mid-February 2026. Analysts link the decline to Russia’s reported shift toward resuming US dollar trade. A Trump-Putin dynamic resolution could weaken safe-haven demand further, pushing domestic rates below ₹1 lakh per 10 grams.
India’s Union Budget 2026, presented by Finance Minister Nirmala Sitharaman on February 1, 2026, removes outdated value caps on duty-free gold jewellery allowances for passengers, setting weight limits at 40 grams for women and 20 grams for men. This change, hailed by Indian expats in the UAE, addresses years of confusion, harassment, and compliance issues caused by soaring gold prices since the 2
On January 2, 2026, gold and silver prices rebounded sharply in India after four days of decline, driven by robust spot demand and a depreciating US dollar. MCX February gold futures rose 0.69% to ₹1,36,742 per 10 grams, while March silver jumped 1.74% to ₹2,39,967 per kg. Retail 22-carat gold climbed ₹1,400 to ₹1,25,800 per 10 grams, with silver up ₹4,000 to ₹2,60,000 per kg. Global spot gold hit
After a sharp rally in November, gold price in India has surprisingly dropped nearly ₹3,000 per sovereign (8 grams) in the first 8 days of December 2025. 22-carat jewellery gold lost over ₹3,000 per 100 grams while 24-carat gold slipped 0.25% this month. Internationally, spot gold recovered to $4,207 per ounce on Monday morning, supported by 88% market expectation of a Federal Reserve rate cut on
