Gold and Silver Prices Rebound Sharply in India Amid Global and Geopolitical Factors

Gold and silver prices in India rebounded sharply on February 4, 2026, after recent steep declines. Gold rose around 3-5%, with 24-carat gold trading near Rs 15,900-16,000 per gram in major cities, while silver surged 5-13%, reaching close to Rs 3 lakh per kilogram. The recovery was driven by a softer US dollar, renewed safe-haven demand amid US-Iran geopolitical tensions, and the India-US trade deal reducing tariffs. Market experts noted ongoing volatility and advised cautious trading amid evolving global economic and political factors.