Bengaluru Gold Silver Rate Today, February 2, 2026: Gold and Silver Prices Drop After Budget Weekend

Gold and silver prices in Bengaluru fell on February 2, 2026, as prices dipped slightly in global markets after a weekend of extreme volatility following the Union Budget. While the fall has brought some relief to customers, many investors are still being careful about fresh purchases.

Bengaluru Gold Rate Today (February 2, 2026)

As per the latest rates in the city, gold is cheaper than it was a few days ago:

24 Carat Gold: ₹1,60,570 per 10 grams (₹16,057 per gram)

22 Carat Gold: ₹1,47,190 per 10 grams (₹14,719 per gram)

18 Carat Gold: ₹1,20,430 per 10 grams (₹12,043 per gram)

Jewellers in Bengaluru said many customers are waiting to see whether prices will fall further before buying gold.

Why Gold Prices Change in Bengaluru

Gold prices in the city change every day due to several reasons, such as:

• Changes in International Markets: Prices in Bengaluru often follow global trends.
• Post-Budget Stabilization: After the Union Budget on Sunday, the market "panic" cooled down. While import duties weren't cut as some expected, the focus shifted to profit-taking by big investors.
• Stronger Dollar: The US Dollar has strengthened, which traditionally pushes gold prices down globally.
• Margin Hikes: International exchanges (like the CME) raised the cost of trading gold and silver today, forcing many big traders to sell their holdings.

Bengaluru Silver Rate Today (February 2, 2026)

Silver prices in Bengaluru have drastically dropped after reaching very high levels in January, 2026. The prices of most of the precious metals, have rallied in the last few months, since the beginning of Jan.

Silver Price per 1 kg: ₹3,49,900

Silver Price per 10 grams: ₹3,499

Traders said silver buying is slow at the moment, though some people are looking to buy at these lower prices.

How to Invest in Gold and Silver

Gold and silver are still popular choices for long-term savings. People can invest in:

Physical gold and silver: jewellery, coins and bars

Other options: gold and silver trading on MCX, ETFs and digital gold products

Experts advise buying with a long-term view and keeping an eye on price changes before making big purchases.