Gold Surges Rs 6,600, Silver Jumps Rs 40,000: Check Latest City-Wise Rates

• Gold prices increased by Rs 6,600 and silver by Rs 40,000 nationwide, indicating investor preference for safe-haven assets.
• On COMEX, silver futures rose 5.48% to $87.86 per ounce, while gold gained 3.35% to cross $5,000 per ounce.
• In Mumbai, 24K gold was Rs 1.60 per 10 grams and 22K gold was Rs 1,47,150 per 10 grams; silver traded at Rs 3,20,000 per kg.
• Gold and silver prices had seen a sharp fall on February 2, correcting from their record highs.
• Factors like international market rates, import duties, taxes, and exchange rates influence gold prices in India.

Why It Matters: Gold and silver prices saw significant surges nationwide on February 4, reflecting a shift towards safe-haven investments.