As of 6:50 a.m. today, gold prices stood at Rs 77,170 per 10 grams, according to the India Bullion Association. This represents a slight dip from the highs seen on Monday when prices had briefly climbed after falling from Rs 79,100 on Friday. The price of gold had reached its highest level for the month on December 11 before experiencing a drop of over Rs 1,000 on Monday. Compared to November's peak of Rs 78,060 on Nov. 23, the current price of gold reflects the ongoing volatility in the market.

In October, gold prices surged to Rs 81,500 as strong demand for the precious metal ahead of the festive season pushed prices up, but they quickly retreated to Rs 74,390 amid reduced demand. This fluctuation in price has been influenced by global factors such as anticipated rate cuts by the US Federal Reserve and geopolitical developments, which have played a role in driving demand for gold as a safe-haven asset.

Currently, gold prices are climbing again as international factors continue to influence the market. The futures price for gold on February 5, 2025, is Rs 77,045 per 10 grams, according to the Multi Commodity Exchange (MCX). Meanwhile, global gold prices are holding steady at $2,651 per ounce, with the precious metal showing a rise of around 29% this year, as reported by the World Gold Council.

Silver prices today are at Rs 91,080, with silver futures for February 5, 2025, priced at Rs 91,138, indicating steady market trends for silver as well.