look news india
New Delhi/Mumbai. The trend of decline in the prices of precious metals continues in the bullion market. On Saturday, February 7, the prices of gold and silver have come down for the third consecutive day. Due to recession in the international market and lack of domestic demand, gold prices have fallen from the capital Delhi to Mumbai. Silver is also witnessing huge fluctuations and has fallen far below its highest level.
This is the time for investors to be cautious, because market experts believe that the bullish trend in precious metals seems to be stopping at the moment.
Latest gold price in big cities of the country (7 February 2026)
Here are the prices of 22 carat and 24 carat gold in Delhi, Mumbai and other major cities this morning:
| City | 22 carat (₹/10 grams) | 24 carat (₹/10 grams) |
|---|---|---|
| Delhi | ₹1,41,040 | ₹1,53,850 |
| Mumbai | ₹1,40,890 | ₹1,53,700 |
| Lucknow | ₹1,41,040 | ₹1,53,850 |
| Ahmedabad | ₹1,40,940 | ₹1,53,750 |
| Chennai | ₹1,40,890 | ₹1,53,700 |
| Jaipur | ₹1,41,040 | ₹1,53,850 |
Chaos in silver prices: fell from Rs 4 lakh to Rs 2.74 lakh
Along with gold, a big decline has also been recorded in silver. The price of silver fell on the morning of 7th February. ₹2,74,900 per kg But she has arrived. The thing to note is that on January 30, silver had crossed the level of ₹ 4 lakh.
According to Kunal Shah, expert of Nirmal Bang Securities, now there is selling advice on the rise in silver. Due to extreme fluctuations, new investment in it can be risky at the moment.
What will happen in future? JP Morgan’s prediction
Global brokerage firm JP Morgan has adopted a long-term positive stance on gold.
Target: gold till the end of the year $6,300 per ounce Can reach.
Reason: Heavy purchases of gold (estimated 800 tonnes) by central banks around the world and increasing demand as safe haven investments will support its prices.
Global Rate: Presently gold in international market $4,887.30 per ounce But is trading.
What is the opinion of experts for investment?
Market experts say that this fall in gold is short-term. In view of the wedding season, domestic demand may increase, due to which prices may improve again. However, it would be wise to maintain a ‘wait and watch’ position on silver for now.
