Gold price today: Hovers near Rs 1.55 lakh per 10 grams; Should you invest?

• Gold prices rose to $5,054 an ounce after a volatile week.
• MCX gold futures closed at Rs 1,58,394 per 10 grams, up 0.21 percent
• China's gold reserves increased to 74.19 million troy ounces in January

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Gold prices on February 10 edged higher after a volatile week, following yesterday's recovery as market participants stepped in to dip-buying.

The metal was trading at $5,054 an ounce in the international spot market at 02:13 am GMT, though it's a decline of 0.48 percent from the previous close.

On the domestic front, gold futures on MCX opened the Tuesday session lower at Rs 1,55,450 per 10 grams and continued to trade flat, hovering at Rs 1,55,308 as of 9:41 am IST, though it's still down 0.46 percent from the previous close. Meanwhile, the Indian Bullion and Jewellers Association fixed the standard gold price at Rs 1,54,876 per 10 grams of 999-carat purity on its February 9 evening session.

The rupee strengthened marginally against the dollar, with USD-INR at 90.43, lower by 0.16 percent on the day and 0.93 percent over the week.

Gold prices rebound: Is now the right time to invest?

Precious metal markets endured sharp volatility last week as investors weighed the implications of US monetary policy under President Donald Trump’s nominee for Federal Reserve chair, Kevin Warsh. Traders are now betting on total rate cuts of around 350–375 basis points (bps), with an implied probability of 82.3 percent.

Following the nomination of Warsh, the dollar was boosted, triggering broad-based selling in precious metals, while traders also booked profits after gold and silver’s strong recent run.

Safe-haven demand after diplomatic progress between the US and Iran, with both sides agreeing to continue discussions on Tehran’s nuclear programme.

Meanwhile, gold reserves held by the People's Bank of China edged up to 74.19 million troy ounces at the end of January 2026, from 74.15 million ounces a month earlier.

Markets are now turning their attention to a slate of major economic data releases from the US and China this week, which could offer fresh insights on the outlook for precious metals.

City-wise gold prices in India today

Gold rates across India’s major cities showed remarkable uniformity, with only marginal differences due to local taxes, jeweller margins, and logistics costs.