Hyderabad Gold Silver Rate Today, February 2, 2026: Prices Fall After Union Budget Shakes Markets

Gold and silver prices in Hyderabad remained under pressure on February 2, 2026, extending losses a day after the Union Budget 2026 was presented by Finance Minister Nirmala Sitharaman. The continued weakness in bullion rates comes as financial markets digest the Budget announcements, which triggered sharp volatility in the share market.

Equity indices witnessed strong swings after the Budget, and the impact has spilled over into the bullion market. With investor sentiment cautious, both gold and silver are trading lower compared to their January highs.

Hyderabad Gold Rate Today (February 2, 2026)

Gold prices in Hyderabad are trading at lower levels today across all purities:

• 24 Carat Gold: ₹16,057 per gram
• 22 Carat Gold: ₹14,719 per gram
• 18 Carat Gold (999 gold): ₹12,043 per gram

Gold rates in Hyderabad depend largely on global gold prices. These are influenced by factors such as inflation trends, changes in international bullion prices, central bank gold reserves, interest rate movements and demand from jewellery markets.

After the Union Budget, buyers have turned cautious, with many waiting for clearer signals from global markets before making fresh purchases.

Budget Fallout and Market Sentiment

The Union Budget 2026 led to heavy volatility in the share market, with investors reassessing their positions across asset classes. Market participants say uncertainty around fiscal measures and economic projections has resulted in profit booking in gold after its strong January rally.

As equities remain volatile, gold prices have seen a correction, while investors closely track global cues and currency movements.

Hyderabad Silver Rate Today (February 2, 2026)

Silver prices in Hyderabad have also stayed weak today:

• Silver Price per gram: ₹319.90
• Silver Price per kilogram: ₹3,19,900

Hyderabad continues to have an active silver trading market, with several traders offering competitive rates. The recent fall has drawn interest from short term traders, while long term investors remain focused on broader market trends.

How to Invest in Silver and Gold

Gold and silver continue to be preferred investment options during uncertain market conditions. Investors can buy these metals in physical form such as jewellery, coins and bars. Market linked options like trading through the MCX are also available for those looking beyond physical purchases.

Experts advise investors to maintain a long term perspective, track global developments and avoid hasty decisions amid ongoing market volatility.

Gold and silver prices may change during the day depending on market movements. Buyers and investors are advised to confirm the latest rates with local jewellers or trusted platforms before making any investment decision.