Gold and silver rate today LIVE: Silver, gold prices rebound as US Dollar weakens after better-than-expected US CPI data

A sustained move above ₹1,60,000 would likely re-ignite bullish momentum toward ₹1,65,000– ₹1,70,000+, while meaningful downside risk remains limited unless COMEX gold breaches its structural support clusters decisively.

— Ponmudi R, CEO at Enrich Money

MCX Gold continues to exhibit structural resilience despite global consolidation, supported by relative firmness in USD/INR. The ₹1,50,000 support band remains a strong demand absorption zone, attracting both physical buying and investment flows, reinforcing the integrity of the medium-term rising channel. Price behavior at lower levels indicates accumulation rather than distribution.

— Ponmudi R, CEO at Enrich Money

As long as gold sustains above $4,900 on a closing basis, the bias remains constructive, with recovery potential toward $5,150–$5,350 on renewed safe-haven demand or incremental USD softness. Downside risks would meaningfully increase only upon a decisive violation of the $4,600 structural base.

— Ponmudi R, CEO at Enrich Money

COMEX Gold continues to consolidate above the $5,000 zone, successfully defending the structural demand base formed after last week’s aggressive liquidation. The broader multi-year rising channel remains intact, with the $4,500–$4,600 breakout cluster acting as a key long-term support region. Current price compression suggests energy build-up rather than structural weakness.

— Ponmudi R, CEO at Enrich Money

After the release of the US CPI data, US Dollar Index witnessed profit-booking, which triggered buying in the precious metals. The trend is expected to continue on Monday. We are expecting pressure for US Dollar when the FOREX market opens on Monday. Likewise gold and silver prices are expected to maintain sideways to positive bias.

— Anuj Gupta, a SEBI-registered market experts

The US CPI data reported on Friday night signals a rise in US inflation, which is expected to put the US Dollar Index under pressure. So, gold and silver prices are expected to open higher on Monday.

— Anuj Gupta, a SEBI-registered market expert

With central banks continuing to accumulate gold, interest rate cycles turning supportive, and silver benefiting from rising industrial demand, precious metals are increasingly being viewed as core portfolio assets rather than tactical hedges.

— Emkay Wealth Management

Over 15 years, equities returned 12.1%, while over 10 years, returns stood at 14.2%. These figures reinforce why equities remain the core of long-term portfolios despite periodic volatility.

Meanwhile, gold, even over 15 years, gold returned 14.4%, whereas over 10 years it delivered 19.7% CAGR. These numbers underline gold’s dual role as both a hedge and a long-term wealth creator, especially during periods of economic uncertainty.

Indian equities, measured by the Nifty 50 TRI, delivered compounded annualised returns of 12.6% over 20 years, translating into a 10.7x return on invested capital.

However, over 20 years, the yellow metal has delivered a compounded annual return of 15.6%, the highest among all asset classes, and multiplied investments by a remarkable 18.3 times.

Long-term investing data once again highlighted a key finding - Gold returns have outperformed the Indian stock market index Nifty and other asset classes, including fixed income, real estate, in the long as well as short term.

A comparison of returns across equities, gold, real estate and debt as of January 31, 2026 by FundsIndia’s Wealth Conversations Report shows that while equities have consistently delivered solid wealth creation, gold has emerged as the top-performing asset over the longest periods.

Better-than-expected U.S. jobs data dampened expectations of more aggressive rate cuts, triggering a risk-off sentiment across global markets during the week. However, a softer-than-anticipated U.S. inflation print released on Friday has left investors divided over the future trajectory of monetary easing.

— Ponmudi R, CEO at Enrich Money

Gold has recovered post the Jan-end collapse and is well on its way to what we believe should be 6000 USD/Oz levels by the end of CY 2026. Though President Trump’s deal with India, a potential deal with Brazil, etc., has reduced uncertainty, higher inflation, as well as continuing geopolitical uncertainties, apart from the emerging split between the North West and the rest of the world, will continue to propel the Reserve Bank's buying. We believe all dips are an opportunity to buy Gold.

— Sandip Raichura, CEO — Retail Broking at PL Capital

On Friday, the Nifty 50 index finished at 25,471, whereas the MCX gold rate ended at ₹15,220 per gm. Hence, the Nifty 50-Gold ratio comes around 1.63. As we know, if the Nifty-Gold ratio dips below 2.50, the chances of equity outperforming the precious metal increase. Hence, for those who believe in bottom-fishing in the current market scenario, the Nifty-gold ratio signals higher returns in equities.

— Anuj Gupta, a SEBI-registered market expert

The U.S. Labor Department on Wednesday (local time) reported strong jobs data for January 2026, with employers adding 130,000 jobs last month and the unemployment rate declining to 4.3%, Bloomberg reported.

The data released shows a strong start to 2026 as compared to the slowed growth witnessed in the previous year, when job gains averaged just 15,000 a month, down from the initially reported 49,000 pace. The Bureau of Labor Statistics report also suggests that the market is finding its footing after witnessing a year marked by rising unemployment and minimal hiring.

The Bureau of Labour Statistics also incorporated new seasonal adjustment factors, with the previous five years’ data subject to revision. The agency also adjusts the relative importance of the individual price categories that make up the CPI.

— Bloomberg

Alongside recent indications of a stabilizing labor market, Federal Reserve officials will likely want to see further inflation progress before lowering interest rates. Traders see roughly even odds the central bank will next lower borrowing costs at their June meeting after three straight cuts in late 2025.

— Bloomberg

The Bureau of Labour Statistics reported US CPI inflation for January 2026 at 2.40%, which is better than the expected 2.50%.

Underlying US inflation accelerated slightly at the start of the year, in line with expectations, as a pickup in services costs more than offset stable goods prices.

The core consumer price index, which excludes often-volatile food and energy costs, increased 0.3% from December, the most since August, according to Bureau of Labor Statistics data out Friday. At the same time the core CPI rose from a year ago by the least since 2021.

The slight pickup in inflation reflected higher prices for airline fares, personal care, recreation, medical care and communication. However, prices of used cars and trucks, household furnishings and auto insurance decreased last month.

— Bloomberg

Indian equities, measured by the Nifty 50 TRI, delivered compounded annualised returns of 12.6% over 20 years, translating into a 10.7x return on invested capital.

However, over 20 years, the yellow metal has delivered a compounded annual return of 15.6%, the highest among all asset classes, and multiplied investments by a remarkable 18.3 times.

A comparison of returns across equities, gold, real estate and debt as of January 31, 2026 by FundsIndia’s Wealth Conversations Report shows that while equities have consistently delivered solid wealth creation, gold has emerged as the top-performing asset over the longest periods.

Silver faced additional pressure from weak U.S. existing home sales and concerns over softer Chinese industrial demand ahead of the Lunar New Year shutdown.

— Kaynat Chainwala, AVP Commodity Research at Kotak Securities

Today, silver has rebounded 5% to trade near $79/oz, and gold has also recovered to $4,990/oz as markets turn their focus to upcoming U.S. CPI data. Softer inflation readings could revive expectations of policy easing and provide much-needed stability to bullion prices, while persistent inflation and a resilient labour market could keep the Fed on a “higher-for-longer” trajectory, keeping prices under pressure. An extended rout in U.S. technology stocks remains an additional downside risk.

— Kaynat Chainwala, AVP Commodity Research at Kotak Securities

Extending the morning gains, the MCX gold rate today is above ₹1,55,000 per 10 gm, logging an intraday gain of around 1.75%. Likewise, the MCX silver rate today is trading around ₹2,45,000 per kg, delivering an intraday gain of over ₹8,000 per kg.

Extending the morning gains in the later phase of the Friday session, the COMEX gold rate today is trading around $5,040/oz, recording an intraday gain of around 1.80%.

Likewise, the COMEX silver rate today is trading above $78/oz, showing an intraday gain of over 3%.

Gold traded positively in the early session, but the overall tone remains volatile to weak after yesterday’s sharp sell-off from ₹1,58,000 to ₹1,54,000, as prices failed to sustain above the ₹1,60,000 mark. Resistance is now firmly placed near ₹1,60,000, and if gold continues to trade below ₹1,56,000, a retest of the ₹1,51,000 support zone cannot be ruled out.

— Jateen Trivedi, VP Research — Commodity & Currency at LKP Securities

In the near term, trading may remain two‑way as markets digest US policy signals and risk events. However, dips are likely to attract buyers, supported by resilient safe‑haven demand and slowing real yields. Overall, while short‑term consolidation or pullbacks are possible, the long‑term trajectory remains upward, not indicative of a major correction.

— Hareesh V, Head of Commodity Research at Geojit Investments

Gold prices have turned choppy following their sharp swings in early 2026, but the broader structure still appears constructive. Recent volatility was driven by shifts in Fed expectations, dollar strength, and speculative flows, yet gold continues to hold above key psychological levels near $5,000, keeping the medium‑term bias intact. Most institutional forecasts also support a positive long‑term narrative for 2026, underpinned by strong central‑bank buying, geopolitical uncertainty, and a softer dollar outlook.

— Hareesh V, Head of Commodity Research, Geojit Investments

Easing geopolitical tensions, particularly around Russia-Ukraine and renewed U.S.-Iran nuclear discussions, dampened safe-haven demand. Silver faced additional pressure from weak U.S. existing home sales and concerns over softer Chinese industrial demand ahead of the Lunar New Year shutdown. Today, silver has rebounded 5% to trade near $79/oz, and Gold has also recovered to $4,990/oz as markets turn their focus to upcoming U.S. CPI data. Softer inflation readings could revive expectations of policy easing and provide much-needed stability to bullion prices, while persistent inflation and a resilient labour market could keep the Fed on a “higher-for-longer” trajectory, keeping prices under pressure. An extended rout in U.S. technology stocks remains an additional downside risk.

— Kaynat Chainwala, AVP — Commodity Research at Kotak Securities

Gold and silver retreated sharply on Thursday, with spot gold falling more than 3% to $4,920/oz and silver plunging 10% to $75/oz, driven by renewed weakness in U.S. technology stocks and shifting expectations around Federal Reserve policy following firmer U.S. labor data. U.S. jobless claims declined to 227,000 in the week ending February 7, down from 232,000 previously, while the four-week average held steady near 219,500. Together with the recent strong nonfarm payrolls report, the data reinforced expectations that the Fed will maintain a steady policy stance. Reduced bets on a July rate cut outweighed the impact of softer Treasury yields.

— Kaynat Chainwala, AVP — Commodity Research at Kotak Securities

Strong buying interest is visible in the $65–$70 support band, aligned with prior swing lows and long-term trend support. A sustained hold above this base, followed by a recovery and close above $85–$92, could revive upside momentum toward $95–$105 and potentially retest previous highs. The medium- to long-term outlook remains constructive, supported by steady industrial demand and structural supply constraints, despite elevated volatility.

Ponmudi R, CEO at Enrich Money

COMEX Silver is trading near the $73–$84 zone after a sharp correction from record highs above $121. While the broader bullish structure remains intact on higher timeframes, the steep pullback has pushed prices below key moving averages, indicating short-term bearish pressure and an extended corrective phase.

— Ponmudi R, CEO at Enrich Money

Strong buying interest is seen in the ₹1,45,000 to ₹1,50,000 support area. A sustained hold above this base, followed by a breakout above ₹1,60,800, could revive upside momentum toward ₹1,65,000 to ₹1,75,000, keeping the medium-term outlook positive despite ongoing volatility.

— Ponmudi R, CEO at Enrich Money

MCX Gold futures are trading near the ₹1,50,000 to ₹1,60,000 zone, following consolidation after the sharp correction from all-time highs around ₹1,80,000 to ₹1,81,000. While prices are currently consolidating near current levels in the short term, the broader uptrend remains supportive, with prices holding above important long-term support zones.

— Ponmudi R, CEO at Enrich Money

Gold has recovered post the January 2026 end-collapse and is well on its way to what we believe should be $6000/Oz levels by the end of CY 2026. Though President Trump’s deal with India, a potential deal with Brazil, etc., has reduced uncertainty, higher inflation, as well as continuing geopolitical uncertainties, apart from the emerging split between the North West and the rest of the world, will continue to propel the Reserve Bank's buying. We believe all dips are an opportunity to buy Gold.

— Sandip Raichura, CEO of Retail Broking at PL Capital

COMEX Gold is trading near the $4,850–$5,100 zone after a sharp correction from recent highs above $5,500–$5,600. The broader uptrend remains intact, with the recent pullback reflecting profit booking and healthy price digestion. Prices are currently consolidating in the short term near current levels, trading above key moving averages, suggesting the correction is maturing.

— Ponmudi R, CEO at Enrich Money

The spike in retail inflation in January 2026 is mainly due to the rise in food prices, along with changes in components, with 2023-24 as the base. Technically, it is a good sign that, despite the changes, the inflationary trend has remained well within the RBI's comfort band.

This will help sustain household purchasing power and confidence, supporting continued spending on essential and discretionary goods alike, keeping the pricing dynamics balanced. While this can be taken positively, it is critical to be watchful of how the situation unfolds as we move further into 2026, especially amid economic volatility driven by global headwinds.

— Sanjay Kumar, CEO & MD, Rassense

Strong buying interest is visible in the $4,500–$4,700 support band, and sustained stability above this zone could set the stage for renewed upside momentum. A breakout above $5,200–$5,300 would open the path toward a retest of record highs.

— Ponmudi R, CEO at Enrich Money

The MCX silver rate today has supports placed at $74 and $71 per ounce, whereas the precious white metal is facing resistance at $78 and $80 per ounce.

In India, the MCX silver rate today has resistance at ₹2,48,000 and ₹2,56,000 per kg, with supports at ₹2,30,000 and ₹2,24,000 per kg.

— Anuj Gupyta, a SEBI-registered market expert.

The support for the COMEX gold rate today is placed at $4,940 to $4,910 per ounce, while the precious yellow metal is facing a hurdle at $5,020 to $5,070 per ounce.

In India, the MCX gold price today is supported at ₹1,50,500 to ₹1,49,000 per 10 gm, whereas the yellow metal futures for the April 2026 expiry are facing resistance at ₹1,55,000 and ₹1,58,000 per 10 gm range.

— Anuj Gupta, a SEBI-registered market expert

After better-than-expected US job data, buzz around a US Fed rate cut has diminished, which is expected to put the brakes on any gold and silver price rally. So, this rally in the gold and silver prices across bourses is short-lived. Profit-booking may trigger at the higher levels at any time.

— Anuj Gupta, a SEBI-registered market expert

Gold and silver rate today LIVE: MCX gold price jumped over a percent, while MCX silver price rallied more than 2% on Friday, following gains in international bullion prices. MCX gold price for April futures contracts was trading higher by ₹1,662, or 1.09%, at ₹1,54,498 per 10 grams. MCX silver price for March futures contracts was up by ₹6,065, or 2.57%, at ₹2,42,500 per kg.

Gold and silver rate today LIVE: While MCX gold prices are currently consolidating in the short term near current levels, the broader uptrend structure remains supportive, with prices holding above important long-term support zones. Strong buying interest is seen in the ₹1,45,000 – ₹1,50,000 support area. A sustained hold above this base, followed by a breakout above ₹1,60,800, could revive upside momentum toward ₹1,65,000 – ₹1,75,000, keeping the medium-term outlook positive despite ongoing volatility, said Ponmudi R, CEO of Enrich Money.

Gold and silver rate today LIVE: Gold has recovered post the January end collapse and is well on its way to what we believe should be $6,000/Oz levels by end CY2026. Though President Trump’s deal with India, a potential deal with Brazil etc have reduced the uncertainty, higher inflation as well as continuing geopolitical uncertainties apart from the emerging split between the North West and the rest of the world will continue to propel reserve bank buying. We believe all dips are an opportunity to buy gold, said Sandip Raichura, CEO of Retail Broking and Distribution & Director, PL Capital.

Following the strong global cues, silver and gold prices in India opened with upside gaps. The MCX gold rate today opened upside at ₹1,53,750 per 10 gm and touched an intraday high of ₹1,54,837 per 10 gm. Currently, the MCX gold rate is trading at ₹1,54,200 per 10 gm, around one per cent higher than the previous day's close.

Likewise, the MCX silver rate today opened with an upside gap at ₹2,39,626 per kg and touched an intraday high of ₹2,42,081 per kg, within a few minutes of the Opening Bell. Currently, the MCX silver rate is trading at ₹2,40,700 per kg, around 1.80% higher than yesterday's close price of ₹2,36,435.

All eyes are now on US CPI data due Friday evening, which could set the next directional move in gold and silver rates today.

— Jateen Trivedi, VP Research — Commodity & Currency at LKP Securities

The gold and silver rates today are expected to remain sideways to negative as higher-than-expected US job data has put the US Fed rate cut buzz at rest. This better-than-expected US job data signals a better condition of the US economy, which is expected to work as a taper in the gold and silver prices rally.

— Anuj Gupta, a SEBI-registered market expert

The COMEX silver rate today witnessed value buying and surged to an intraday high of $77.045/oz, logging an intraday gain of over 1.25% within a few minutes of the Opening Bell.

In the early morning dealing in the Asian markets, gold and silver prices witnessed some buying interest. The COMEX gold rate today is trading gree around $5,000/oz with an intraday gain of around 1.10%.

MCX silver rate finished at ₹2,37,136 per kg, around ₹1,83,000 below the record high of ₹4,20,048 per kg.

MCX gold rate finished at ₹1,52,300 per 10 gm on Thursday, nearly ₹28,500 or 16% away from the record high of ₹1,80,779 per 10 gm.