Gold prices in India rose on Saturday, February 7, 2026, after two straight sessions of sharp losses. Silver also moved up from Friday’s level. Traders said fresh buying came in after the fall, while global cues stayed mixed as investors tracked the US dollar and fresh headlines from the Middle East.

As per the latest rates shared on Saturday, 24-carat gold was priced at ₹15,660 per gram, up ₹289 from the previous session. 22-carat gold was at ₹14,355 per gram, up ₹265, while 18-carat gold rose to ₹11,745 per gram, up ₹217.

The move came after a large two-day fall in domestic prices, which dealers linked to profit-taking and a sudden swing in global bullion trade. In India, daily rates can also shift due to local taxes, jeweller margins, and changes in import costs, so prices often vary by city even on the same day.

Market attention has been on the latest US–Iran talks held in Muscat, Oman. Both sides described the first round as a “good start,” but the talks ended without a clear deal or a confirmed schedule for the next round. Reports also said Iran did not agree to a US demand to end uranium enrichment, keeping uncertainty in place.

That uncertainty often keeps safe-haven demand alive. At the same time, bullion can gain when the US dollar weakens, since gold becomes cheaper for buyers using other currencies.

There were also fresh policy headlines after the talks. A report from India said the US announced new sanctions linked to Iran’s oil trade, including action that involved an Indian firm among other entities. Such steps can add to risk mood in global markets, even if the direct link to gold prices is not immediate.

In the futures market, MCX gold has seen large swings through the week. A separate market report early on February 7 said MCX gold was trading around ₹1.53 lakh per 10 grams at that time, showing how fast prices were moving across sessions. Differences between MCX prices and spot retail rates can happen due to contract timing, costs, and how jewellers set prices in each city.

Silver prices in India were reported at ₹285 per gram and ₹2,85,000 per kilogram on February 7, up from ₹2,75,000 per kilogram a day earlier.

Still, the bigger story in silver this month has been sharp selling and big daily moves. A report on February 6 said silver had dropped about 45% from its recent peak over a short run of sessions, showing how fast the metal has been falling after a strong run earlier in the year.

In the days ahead, traders are likely to watch three main things: whether the US and Iran announce a new meeting date, how the dollar trades, and whether demand stays firm in India after the recent fall. Any major move in global rates can show up quickly in Indian prices, especially when markets are already jumpy.

Gold and silver both ended February 7 higher in India, but the recent swings show that prices can change fast from one session to the next.