Indian Finance News Today: Gold Slips, Silver Hits Lower Circuit, Petrol & Vegetable Price Updates (Feb 5, 2026)

Commodity Markets Shakeup: Silver Hits Lower Circuit While Fuel Prices Hold Steady Amid RBI Vigilance

The Indian finance news today is marked by extreme volatility in the precious metals sector. Investors are reacting to hawkish signals from the U.S. Federal Reserve, specifically comments from Governor Lisa Cook regarding a pause in rate cuts. This has bolstered the U.S. Dollar Index, causing a massive sell-off in commodities. Locally, the Gold Rate Today showed resilience in physical markets despite futures trading lower, while Silver Price Today India faced a historic intraday collapse. Simultaneously, the Petrol Price India remains unchanged in most metros, offering some relief to consumers as the Reserve Bank of India (RBI) enters the second day of its Monetary Policy Committee (MPC) meeting. Commodity Prices Today reflect a cautious “wait and watch” approach by traders ahead of tomorrow’s RBI policy announcement.

Bullion Market: Gold Stays Strong, Silver Nosedives

The precious metals segment is witnessing a rare divergence. Our market tracking shows that while Gold Rate Today in India remains buoyed by domestic wedding season demand, silver futures on the MCX were locked in a 4% to 9% lower circuit early Thursday. This creates a massive arbitrage gap between the physical retail market and the derivatives market. Global spot gold fell below $4,850 per ounce, but the impact on Indian retail prices was cushioned by a volatile Rupee, which traded between 89 and 92 against the dollar.

Gold Prices Today in Major Indian Cities (24K)

Note: Data based on 2026-02-05.

Silver Price Performance

Silver took the most beating today. MCX Silver futures for April expiry dropped nearly 11% at one point, touching an intraday low of Rs 2,39,000 per kg. However, physical silver in retail hubs like Delhi and Mumbai is still quoted significantly higher, near Rs 3,20,100 per kg, as local jewelers resist the paper market crash.

Energy Watch: Petrol and Diesel Prices Today

The Petrol Price India has remained remarkably stable for the third consecutive week. This stability comes despite crude oil price fluctuations in the international market, where Brent crude is hovering near $78 per barrel. State-run oil marketing companies (OMCs) have chosen to absorb minor costs ahead of the RBI policy outcome. According to data from the Indian Oil Corporation, fuel rates in New Delhi and Mumbai haven’t seen a significant revision today.

Note: Data based on 2026-02-05.

While petrol and diesel remain flat, there is growing chatter regarding a potential hike in CNG prices in late February. OMCs are reportedly under pressure from rising gas procurement costs. You should monitor your local station for small adjustments in “Add-on” charges which vary by state.

Kitchen Essentials: Vegetable and Dairy Prices

Food inflation continues to be a mixed bag for the Indian household. Based on current exchange data and local mandi reports, the Commodity Prices Today for vegetables like tomatoes and onions have seen a marginal cooling due to better winter harvests entering the market. However, dairy products remain on an upward trajectory. The Department of Consumer Affairs report highlights that the all-India average retail price for milk stands at Rs 59.1 per litre.

Average Retail Prices of Essentials (Feb 5, 2026)

Note: Data based on 2026-02-05.

Fresh Vegetable Prices are predicted to increase by 2.0% over the course of 2026 as the base effect of last year’s low prices fades. For your daily kitchen budget, the reduction in onion prices is a welcome relief, largely attributed to record buffer stocks maintained by the government. Conversely, milk production costs have risen by 2% due to higher fodder prices, which might lead to another minor hike by cooperatives like Amul and Mother Dairy next month.

Economic Outlook: RBI Policy and Market Sentiment

The Reserve Bank of India’s Monetary Policy Committee, led by Governor Sanjay Malhotra, is expected to maintain the status quo on the repo rate tomorrow. Most economists anticipate that the RBI will keep rates at 6.0% to support the goal of becoming the world’s third-largest economy. Our market tracking shows that while inflation is currently below the 4% target, global uncertainties, particularly the new US-India trade deal which lowered tariffs to 18%, require a cautious approach.

The Indian Rupee has been “see-sawing” between 89 and 92 per dollar. This volatility directly affects your pocket, especially regarding imported goods and electronic items. A stronger dollar makes the Gold Rate Today more expensive for Indian buyers, even if global prices drop. You should expect continued market swings until the RBI provides clear guidance on liquidity management in tomorrow’s session.

Frequently Asked Questions (FAQ)

This report provides a comprehensive snapshot of the Indian finance news landscape. As a reader, you should remain aware that commodity markets are highly sensitive to geopolitical developments. We will continue to track the RBI’s decisions and provide updates on Commodity Prices Today as they evolve.

Disclaimer: Financial markets involve risk. Please consult with a certified financial advisor before making investment decisions.