As of today, February 9, 2026, gold continues its impressive rally, trading firmly above the $5,000 milestone per troy ounce in international markets. The spot price hovers around **$5,000 to $5,030 USD** per ounce (with fluctuations between sources like Kitco, APMEX, and Trading Economics showing values from $4,990 to $5,033), marking a solid daily gain of about 0.5–1.3% amid a softer US dollar and anticipation for key US economic data this week, including jobs and inflation reports.
This surge reflects gold's enduring appeal as a safe-haven asset. After hitting a record high near $5,600 in January, prices pulled back briefly but have rebounded strongly, up roughly 8–9% over the past month and an astonishing 70%+ year-over-year. Investors are eyeing potential Federal Reserve rate cuts in 2026, which typically boost non-yielding assets like gold, alongside persistent global uncertainties and debt concerns.
In India, where gold holds deep cultural value, rates align with the global trend. 24-karat gold stands at approximately **₹1,57,900–1,58,800 per 10 grams** (up ₹1,300–2,200 from recent levels), making it a pricey yet attractive holding for weddings, investments, or hedging.
Gold's momentum suggests more upside potential if economic signals favor easing, though volatility remains. For buyers or holders, today's position underscores why the yellow metal remains a timeless favorite in turbulent times.
