Indian Finance News Today: Gold, Petrol, and Commodity Prices | Feb 4, 2026

The Indian finance news landscape today is dominated by a sharp recovery in the Gold Rate Today, which surged by over Rs 6,600 per 10 grams following global safe-haven demand and U.S.-Iran tensions. While the bullion market rebounded, the petrol price in India remains steady despite minor global crude fluctuations. In a major development, Commodity Prices Today show stability in the dairy sector as the Indian government holds firm on protecting local farmers in recent trade pacts, while vegetable markets witness localized volatility due to winter fog disruptions.

Bullion Market: Gold and Silver Price Rally

Gold prices in India witnessed a massive single-day jump today. After a period of sharp correction last week, 24-carat gold has climbed back above the Rs 1,60,000 per 10 grams mark. This reversal is largely attributed to geopolitical uncertainties and a weaker dollar, driving investors back to precious metals.

City-Wise Gold Rates (24K & 22K)

Prices vary across Indian metros due to local taxes and octroi charges.

Note: Data based on 2026-02-04.

City	24K Gold (10g)	22K Gold (10g)	Change
Chennai	₹1,62,560	₹1,49,000	+₹6,890
Mumbai	₹1,60,530	₹1,47,150	+₹6,600
Delhi	₹1,60,680	₹1,47,300	+₹6,750
Bangalore	₹1,60,530	₹1,47,150	+₹6,600

Silver Price Analysis

Silver has shown incredible volatility. After hitting a record high of Rs 4 lakh per kg in late January, it corrected sharply to near Rs 2.65 lakh. However, today silver prices today have stabilized, trading near Rs 2,80,000 per kg on the MCX.

Energy Watch: Petrol, Diesel, and CNG Today

Fuel consumers in India can breathe a sigh of relief as Petrol Price India and Diesel rates remained unchanged for another day. Oil marketing companies (OMCs) have kept prices steady despite Brent crude climbing to $67.77 per barrel.

Note: Data based on 2026-02-04.

City	Petrol (Per Litre)	Diesel (Per Litre)	Status
New Delhi	₹94.72	₹87.67	Steady
Mumbai	₹104.21	₹90.03	Steady
Chennai	₹100.75	₹92.39	Steady
Kolkata	₹103.94	₹92.02	Steady

CNG prices remain competitive, with recent reductions by Torrent Gas making it nearly 43% cheaper than petrol in several states. You should check local pump listings for specific dealer-level adjustments.

Kitchen Essentials: Vegetable and Dairy Prices

The Indian finance news sector is closely watching food inflation. While the FAO Food Price Index shows a global decline, local factors like dense fog in Northern India have impacted the supply chain for perishables.

Vegetable Market Update

Potato and Onion prices have remained stable, but green leafy vegetables are seeing a 5-10% price hike in Delhi and NCR markets due to transport delays.

Note: Data based on 2026-02-04.

Commodity	Unit	Today’s Price (Avg)	Trend
Onion	1 Kg	₹35 – ₹45	Stable
Tomato	1 Kg	₹25 – ₹40	Downwards
Milk (Full Cream)	1 Litre	₹66 – ₹68	No Change
Cooking Oil	1 Litre	₹145 – ₹160	Slight Dip

In the dairy sector, the Finance Minister recently assured that Indian dairy interests are protected in the newly signed India-US trade deal. This means you are unlikely to see an influx of cheaper, subsidized foreign dairy products that could destabilize local commodity prices today.

Stock Market & Economic Outlook

The Indian stock market ended marginally higher today. The Sensex gained 78 points to close at 83,817, while the Nifty stayed above 25,750. A major sell-off in IT stocks, led by concerns over new AI productivity tools, capped the gains from the broader India-US trade rally.

Investors are closely monitoring the rupee, which is currently trading near Rs 90.54 against the US dollar. For professional traders, the focus remains on the “Made in India” boost from tariff cuts and the energy sector’s growth potential.

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Sources:
The Indian Express,
The Hindu,
The Financial Express.