Gold Silver Rate February 5: Gold and silver prices fell sharply today, February 5th. The easing of tensions between Iran and the US, along with a strengthening dollar, led to a sharp decline in gold and silver prices today. 24-karat gold became cheaper by Rs 3617, while silver fell by up to Rs 30230. According to the India Bullion and Jewellers Association (IBJA), on February 5th, gold opened at Rs 153012 per 10 grams (excluding GST). Silver remained at Rs 252232 per kg. After the GST was added, gold reached Rs 157602 today, and silver fell to Rs 259798.

On the other hand, the wedding season has also started in India. Therefore, if you are considering buying gold jewellery, you should know the latest gold rates before making a purchase. So, let’s find out the latest prices of 22- and 24-carat gold today.

How much cheaper are gold and silver from their all-time highs?
On Wednesday, silver closed at Rs 282462 (excluding GST), while gold closed at Rs 156625 per 10 grams. Gold is currently Rs 23109 cheaper than its all-time high of Rs 176121 in the bullion market.

What are the latest gold rates today?

According to the India Bullion and Jewellers Association (IBJA), 23-karat gold is now at Rs 152399 per 10 grams, down Rs 3599. After adding GST, its price has become Rs 156970. In addition, 22-karat gold has now fallen by Rs 3310 to Rs 140159 per 10 grams.

With GST, its price remains at Rs 144363. Additionally, 18-karat gold opened at ₹114,759 per 10 grams, down ₹2,710, and after GST, its price reached ₹118,201 per 10 grams. Finally, the price of 14-karat gold decreased by ₹2,114. It opened at ₹89,512 and, including GST, remains at ₹92,197 per 10 grams.