Gold, Silver Prices Today Live Updates: Yellow Metal Recovers in International Market; Spot Gold Up Over 1%
Gold and silver prices have witnessed sharp fluctuations this week amid heightened volatility in global bullion markets. After a strong rally in recent days, both precious metals reversed course and slipped back into the red, with silver prices plunging more than 15 per cent and gold declining over three per cent on Thursday. However, in the last two days, gold prices rebounded sharply following a major crash in both international and domestic markets. Silver prices have also bounced back and are on track for weekly gains.
Experts believe that geopolitical uncertainties are likely to persist, and during such periods, gold and silver will continue to serve as reliable safe-haven assets. A recent Reuters poll predicts that gold will deliver a strong performance in 2026 after a record-breaking 2025. Continued buying by global central banks is also expected to contribute significantly to the rise in gold prices.
Where are MCX Gold and MCX Silver prices headed? What is the outlook for gold and silver in the near future? Will gold prices cross the Rs 2 lakh per 10 grams mark, and can silver hit Rs 4.25 lakh per kg anytime soon? Track TOI’s live coverage on gold and silver prices for the latest updates.
19:55 (IST) Feb 06 – Gold, Silver Prices Today: Bullion Prices Crash in Delhi Amid Profit Booking
Precious metal prices witnessed a sharp decline in the national capital this Friday as investors engaged in profit booking for the second consecutive day.
According to the All India Sarafa Association, gold of 99.9 per cent purity fell by Rs 3,400, or 2.12 per cent, to settle at Rs 1,57,200 per 10 grams. Silver experienced an even steeper fall, plunging Rs 13,000, or 4.85 per cent, to reach Rs 2,55,000 per kilogram.
These domestic rates are inclusive of all taxes and reflect a significant drop from Thursday’s closing levels.
18:55 (IST) Feb 06 – Gold, Silver Prices Today: MCX Bullion Faces Heavy Pressure for Second Straight Session
Gold and silver prices continued to face significant downward pressure on the MCX, with both precious metals opening sharply lower. Domestic market sentiment was primarily dampened by weak global cues and a strengthening US dollar, which made bullion more expensive for holders of other currencies.
This slump marks the second consecutive session of losses, wiping out a substantial portion of the gains recorded during the brief rebound earlier in the week.
17:58 (IST) Feb 06 – Gold, Silver Prices Today: Expert Advises Caution as Volatility Grips Bullion
Manoj Kumar Jain, Head of Commodity Research at Prithvi Finmart, has advised investors to stay away from the precious metals markets until stability returns. Speaking to ET, Jain highlighted that both gold and silver are currently witnessing extreme price volatility driven by a combination of global and domestic factors, including the US-Iran nuclear deal talks, fluctuations in the dollar index, and concerns over a partial US government shutdown.
On the international front, Jain noted that gold may find support near $4,440 per troy ounce on a weekly closing basis, with immediate daily support between $4,770 and $4,640 and resistance pegged at $4,955 to $5,050. For silver, support is seen at $71.20 to $64.00, while resistance lies in the $84.40 to $88.80 range.
Domestically on the MCX, Jain identified support for gold at Rs 150,500 to Rs 147,700 and resistance at Rs 154,200 to Rs 155,800. Silver is currently supported at Rs 225,000 to Rs 212,000, while resistance is expected between Rs 254,000 and Rs 264,000.
Jain emphasised that although geopolitical tensions remain a concern, the potential for progress in nuclear talks and a stronger dollar index are currently exerting significant downward pressure, making tactical trading highly risky in the short term.
15:00 (IST) Feb 06 – Gold, Silver Price Live: Dollar Strengthens
The US dollar strengthened on Thursday, climbing to its highest level in nearly two weeks, which made gold priced in dollars costlier for holders of other currencies and reduced momentum in precious metals.
“The dollar received a new lease of life with the Warsh nomination, and the currency has been able to keep making forward progress. Traders are now more circumspect on gold in light of recent extreme volatility,” said Tim Waterer, Chief Trade Analyst at KCM.
Market participants are reassessing expectations following Kevin Warsh’s nomination as Federal Reserve chair, taking into account his preference for a smaller Fed balance sheet and a less aggressive approach to interest rate cuts. Signals perceived as hawkish from the Federal Reserve have strengthened expectations that US rate reductions may proceed at a slower pace, supporting the dollar while weighing on non-yielding assets such as gold and silver.
14:49 (IST) Feb 06 – Gold, Silver Prices Today: Silver Slips 10% in International Markets
Global silver markets have remained highly turbulent. The metal plunged more than 10 per cent to below $65, hitting a six-week low, before bouncing back about 3 per cent. Even after the rebound, silver ended the week down nearly 16 per cent, following an 18 per cent drop the previous week—its biggest weekly slump since 2011.
13:17 (IST) Feb 06 – Gold, Silver Prices Today: Precious Metals Continue to Face Pressure; ETFs Trim 10%
Silver- and gold-linked commodity exchange-traded funds (ETFs) came under sharp pressure on Friday, dropping by as much as 10 per cent as precious metal futures extended their slide on the MCX for a second straight session. The sell-off mirrored weakness in global technology stocks and a firmer US dollar, which together wiped out most of the gains from a short-lived rebound earlier in the week.
Among silver ETFs, the Kotak Silver ETF witnessed the steepest fall, sliding 10 per cent. It was followed by the HDFC Silver ETF, SBI Silver ETF, and Edelweiss Silver ETF, each declining around 9 per cent. The Bandhan Silver ETF was relatively less affected, falling by about 6 per cent. On the gold side, the Angel One Gold ETF dropped 8 per cent, while the Zerodha Gold ETF fell 5 per cent.
12:10 (IST) Feb 06 – Gold, Silver Price Today: What’s the Outlook for Yellow Metal?
Jateen Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities, told TOI, “Gold traded weak below $4,875, down nearly $100 or 2 per cent, with MCX Gold opening around Rs 1,000 lower, reflecting the sharp decline in CME prices. The focus now shifts to US non-farm payrolls and unemployment data, which could set the next directional tone. The short-term trend remains slightly weak, with resistance seen near $5,000 on Comex and Rs 1,56,000 on MCX, while support is placed around $4,700–$4,750 and Rs 1,48,000 respectively.”
11:23 (IST) Feb 06 – Gold, Silver Price Live: Chennai Rates
Opening bullion rates in Chennai on Friday saw gold prices holding firm, with 22K gold standing at Rs 14,120 per gram and 18K gold priced at Rs 12,100 per gram. Silver opened the day at Rs 280 per gram.
10:52 (IST) Feb 06 – Silver Rebounds 3%
Silver witnessed sharp price swings on Friday, rebounding by up to 3 per cent after tumbling 10 per cent earlier in the session to below $65 an ounce, a level not seen in over six weeks. Despite the bounce, the metal remained nearly 16 per cent lower for the week, coming off an 18 per cent drop last week—its biggest weekly fall since 2011.
Global stock markets extended their decline into a third session as Wall Street’s sell-off deepened, with sharp volatility gripping precious metals and cryptocurrencies.
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