Gold Price Today in India (8 Feb 2026): Gold prices in India experienced a major increase on Sunday as MCX gold futures recovered from their earlier price fluctuations by rising ₹2,890 to reach ₹1,56,000 per 10 grams of pure gold. The domestic bullion markets experienced strong recovery after the sharp price increase which followed the price declines that occurred during the previous week.
MCX Gold Futures Rally
The Multi Commodity Exchange (MCX) gold futures market experienced a major increase on 8 February because of safe-haven demand and market conditions which followed a period of profit-booking and global market pressures. The market recovery results from decreased global interest rates and increased demand for precious metals which investors use to protect against inflation.
Gold prices dropped to approximately ₹1.53 lakh/10g on 7 February but the price surged backward after showing strong recovery. This happened because of the metal’s extreme price fluctuations which resulted from changing global economic conditions.
Gold and Silver Rate Today, 07 Feb: Gold Recovers After ₹57,300 Drop, Silver Surges
Gold Price Today in India (8 Feb 2026)
India’s major cities show different physical gold prices which include making charges and taxes and local demand but MCX gold prices reached ₹1.56 lakh per 10 grams.
- 24K Gold: ₹15,660 per gram
- 22K Gold: ₹14,355 per gram
- 18K Gold: ₹11,745 per gram
Gold Price Today (24K 10g) Citywise
Why the Price Swing?
Market analysts identify multiple reasons which explain why gold prices are rising again.
Safe-haven demand: Investors turn to gold during times of global market uncertainty, which they use to protect their investments.
Currency movements: A relatively softer US dollar makes bullion more attractive in rupee terms.
Technical recovery: Gold futures experienced a market rebound through new purchasing activity which developed after their recent price declines.
What This Means for Buyers & Investors?
For short-term buyers: The recent upward swing suggests danger, as prices may fluctuate in coming sessions.
Long-term investors: Today’s powerful up-move suggests the corrective phase from the January highs may have concluded, and the primary bull trend is reasserting itself.
For jewellery purchasers: Always check multiple city rates and factor in making charges before buying.
