Gold, Silver Rate Highlights: COMEX silver rises over 3%, gold above $5000 /oz

Extending their rally for the second straight session, the COMEX gold and silver prices today rise over 2% in the early morning session. The COMEX gold price today opened with an upside gap and touched an intraday high of $5,039.05/oz, logging over 2% rise on Wednesday.

Likewise, the COMEX silver price today hit an intraday high of $86.543/oz. However, it retraced from the higher levels and came around $85/oz at 6:30 AM, showcasing an intraday gain of over 2%.

Early in the session, positions were unwound aggressively due to margin pressure, although prices recovered from the day’s lows on short-covering and bargain buying at lower levels. The dollar strengthened after the U.S. and India agreed on a trade deal. Meanwhile, the rupee also rebounded from record lows, limiting gains for precious metals in domestic markets.

— Rahul Kalantri, VP — Commodities at Mehta Equities

The COMEX gold price has support at $4655 and $4575 while resistance at $4950. The COMEX silver price has support at $74.8 and $69.75 while resistance is at $88.15 and $94.80.

— Rahul Kalantri, VP — Commodities at Mehta Equities

The selloff was exacerbated by higher margin requirements and growing expectations that policy easing will be delayed until Jerome Powell’s term ends in May, with a perceived hawkish candidate set to take the helm.

— Kaynat Chainwala, AVP Commodity Research at Kotak Securities

Looking ahead, gold and silver are likely to remain volatile, with markets focused on the upcoming U.S. jobs report for clues on the timing of the Fed’s next rate cut. Chinese markets will also draw attention, as previously elevated Shanghai-COMEX premiums highlighted physical-paper divergence that fueled silver's unprecedented swings, while pre-Lunar New Year positioning risks further sharp moves post-holiday.

— Kaynat Chainwala, AVP Commodity Research at Kotak Securities

The COMEX silver price today witnessed strong buying after bleeding on the last two straight sessions. The COMEX silver rate today opened upside and kept on extending its early gains. The silver futures contract for the in the international market is currently quoting $84.285/oz, logging an intraday gain of over 9%.

After sharp losses on Friday and Monday sessions, the COMEX gold price today witnessed strong bjuying at the lower levels and is currently quoting around $4,975 per ounce, logging an intraday gain of near 7%.

Extending the early morning gains during the Tuesday session, the MCX silver rate today finished 14.28% higher at ₹2,70,000 per kg.

The MCX gold rate extended its early morning gains with the passe of the Tuesday session and finally April futures contract ended over 7% higher at ₹1,54,354 per 10 gm.

Ponmudi R, CEO of Enrich Money said that the volatility in gold's price remains elevated following the melt-up and subsequent profit taking, but rates are still holding above major structural supports.

“The rising channel structure remains intact, with pullbacks being absorbed by buyers. The ₹1,43,000 – ₹1,45,000 area, earlier a support, is now acting as immediate resistance. A sustained move above ₹1,50,000 could revive upside momentum toward ₹1,65,000 – ₹1,70,000, keeping the medium-term outlook positive despite near-term swings,” Ponmudi told Mint.

In the international market, gold price increased more than 3% on Tuesday, rebounding from a near one-month low hit in the previous session, amid absence of key economic data this week due to a partial US government shutdown.

Gold and silver prices on the Multi Commodity Exchange of India (MCX) opened sharply higher on Tuesday, following a rally in international bullion prices. It has been appreciating since then.

At 9:15 PM, MCX gold rate for April futures contracts is ₹1,49,000, which is 5.1% higher than its previous close.

Kaynat Chainwala, AVP Commodity Research, Kotak Securities, said that on Tuesday, both metals are staging a sharp rebound, with spot gold and silver rising roughly 5% and 8%, respectively, after a steep fall.

The expert predicted that the gold and silver prices will remain volatile as the investors focus their attention towards the US economy and jobs for any potential upcoming Fed rate cuts.

“Looking ahead, gold and silver are likely to remain volatile, with markets focused on the upcoming U.S. jobs report for clues on the timing of the Fed’s next rate cut,” said Chainwala.

The gold-silver ratio measures the relative value between the two metals. It signals how many ounces of silver will be needed to buy an ounce of gold. One can calculate the gold-silver ratio by dividing the price of an ounce of gold by that of an ounce of silver.

The current prices reveal a gold-silver ratio of 56. Historically, the 10-year ratio averages close to 80:1. And when the ratio drops below 50:1, silver is no longer cheap, stated a report by WhiteOak Capital Mutual Fund.

The precious metals started recovering on Tuesday, February 3, after two days of relentless selling. Spot gold prices rallied nearly 6% in the international market to $4,935, putting them on track for the best single-day gain since November 2008, as per a Bloomberg report. Meanwhile, spot silver prices 10% to $87.40 an ounce on Tuesday.

At the peak of the precious metals rally, which halted only last Friday, the gold-silver ratio had slumped to 44 levels. But as silver slumped 30% in two days and gold lost almost 9%, the gold-silver ratio has improved to near 60 levels.

Gold's price rose nearly 13% in January in its biggest monthly gain since November 2009, while silver price jumped 19% during the same time.

Here are the latest gold prices across India for different purity levels:

— Gold 24 Karat: ₹152,150 per 10 gram

— Gold 22 Karat: ₹139,471 per 10 gram

— Gold 18 Karat: ₹114,113 per 10 gram.

Gold prices rose across India, with the metal currently trading up 6.2% at ₹152,150 per 10 gram.

Meanwhile, silver rates also climbed over 13% to ₹264,590 per kg.

The broader trend remains constructive, but the earlier vertical rally pushed momentum into overbought territory, triggering profit booking and orderly price digestion. Prices continue to hold above key moving averages, indicating a technical correction rather than a trend reversal. Sustained consolidation above this base could set up the next leg higher, with a decisive move above $5,000–$5,100 reopening upside toward prior highs.

— Ponmudi R, CEO at Enrich Money

A dramatic unwind hit gold and silver markets over the past two days, erasing a chunk of their record‑breaking January gains. The plunge began after CME Group hiked margin requirements on both metals forcing leveraged traders to liquidate positions and accelerating a wave of selling. In additions, the selloff intensified as markets digested reports that U.S. President Donald Trump is set to nominate Kevin Warsh—viewed as a hawkish, dollar‑supportive choice—as the next Federal Reserve Chair. The shift revived expectations of tighter policy and triggered a sharp rebound in the U.S. dollar, which is negative for precious metals.

— Hareesh V, Head of Commodity Research, Geojit Investments

U.S. Nonfarm Payrolls and Unemployment data will be closely tracked, as they remain critical inputs for the Fed’s rate outlook and could inject further volatility into bullion. Technically, Gold has immediate support near ₹1,45,000, while resistance is seen around ₹1,55,000.

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

Gold traded strongly positive as CME Gold surged above $4900 in the first session, triggering sharp upside momentum in MCX Gold, which rallied above ₹1,51,000, gaining nearly ₹8,000 intraday. The breakout reflects renewed safe-haven buying and short covering at lower levels.

Going forward, choppy trading is likely. A sustained recovery may unfold gradually, but further liquidation risks re-emerge only if prices break last week’s lows, which currently serve as key support levels.

— Hareesh V, Head of Commodity Research, Geojit Investments

Going forward, choppy trading is likely. A sustained recovery may unfold gradually, but further liquidation risks re-emerge only if prices break last week’s lows, which currently serve as key support levels.

—Hareesh V, Head of Commodity Research, Geojit Investments

Gold and silver are showing early signs of stabilisation after last week’s historic selloff, with both metals rebounding modestly as investors reassess whether the downturn was structural or simply an overshoot. However, the drivers for bullion remain intact, suggesting the correction was largely due to short-term catalysts rather than a shift in long-term fundamentals. Prices are now attempting a mild recovery as markets digest the impact of margin hikes, a stronger U.S. dollar, and repositioning linked to the Fed chair nomination.

— Hareesh V, Head of Commodity Research, Geojit Investments

We are expecting a moderately bullish trend in Gold and Silver ahead this week.

— Aamir Makda, Commodity & Currency Analyst, Choice Broking

Silver price has started trading over 50% of Fib. Retracement level which is at ₹2,53,468, having pullback towards 38% of Fib. Retracement level placed at ₹2,92,928. Breakout of this level will continue the upward move in Silver ahead and next hurdle would be at ₹3,41,773.

— Aamir Makda, Commodity & Currency Analyst, Choice Broking

Gold price has rebounded significantly from the bottom of 137,000 by ~12% in recent session and currently trading near 153,000. On the other side, Silver price is currently trading at 269,000 after hitting the dip of 225,805 in previous session. After a recent fall, Gold price has pullback from the 38% of Fib. Retracement level placed at 137,728. Immediate resistance would be at 23% of Fib. Retracement level placed at 154,215. Breakout of this level will boost the upside momentum in Gold price and next resistance would be at 160,000 – 167,000.

— Aamir Makda, Commodity & Currency Analyst, Choice Broking

Gold, Silver Rate Today LIVE: China’s UBS SDIC Fund Management Co. changed the valuation model for a $2.2 billion silver fund to more closely track global futures prices, triggering a record drop in its net asset value, Bloomberg reported. The UBS SDIC Silver Futures Fund LOF will be valued based on prices in silver futures on major global markets instead of those listed at the Shanghai Futures Exchange. The change, which came into effect on Monday, led to a record 31.5% drop in the product’s net asset value.

Gold, Silver Rate Today LIVE: Renisha Chainani, Head - Research at Augmont said that historically, periods of strong momentum are often accompanied by sharp but temporary volatility. “While recent price action has disrupted short-term technical charts, the long-term trend remains constructive. This suggests the current correction is likely a typical ‘shake-out’ within an ongoing long-term bull market for precious metals,” Chainani said.

Meanwhile, for Gold, Chainani suggested that dips should be used as a buying opportunity to accumulate at least 50% of the investment amount for the long-term. On the upside, any rebound is likely to face immediate resistance near the $4,750–$4,800 zone.

Gold, Silver Rate Today LIVE: Commodity expert Hareesh V, Head of Commodity Research, Geojit Investments believes longer‑term drivers - geopolitical tensions, central‑bank buying and macro uncertainty — remain intact and may aid the rise in precious metals. He said that the earlier correction was amplified by extreme overbought conditions after gold and silver touched unprecedented highs just days earlier, with silver having surged more than 60% in a month and gold over 20%.

“Profit‑taking cascaded into panic selling as liquidity thinned and volatility spiked. The violent drop was more like a technical correction than a deterioration in core fundamentals,” he said.

Gold, Silver Rate Today LIVE: Silver prices jumped as precious metals staged a comeback after their steepest two-day drop in decades. Silver rate gained 10% to $87.40 an ounce, after suffering its biggest one-day loss on record on Friday with a 27% slump. It fell by another 6% on Monday.

Gold, Silver Rate Today LIVE: Gold prices surged over 5% in the international market, on track for its biggest daily gain since November 2008. Analysts see the bull run continuing and expect the previous metals to notch fresh record highs later this year. Spot gold price climbed 5.8% to $4,935.56 an ounce. US gold futures for April delivery rose 6.6% to $4,958.50 per ounce.

Gold, Silver Rate Today LIVE: MCX silver price for March expiry was trading higher by ₹28,949, or 12.25%, at ₹2,65,210 per kg. Silver price hit an intraday high of ₹2,66,899 level, surging by ₹30,638, or 12.96%.

Gold, Silver Rate Today LIVE: MCX gold rate for April futures contracts were trading higher by ₹8,547, or 5.94%, at ₹1,52,538 per 10 grams level. Gold price touched an intraday high of ₹1,52,950 level, jumping by ₹8,959, or 6.22%.

Gold, Silver Rate Today LIVE: Gold price for the year 2026 is likely to cross the highs of the “Futures” of $5,645 made recently. Speed of the rally, unsustainable levels and the speculative trades gave a pull back rally for a major correction. But the bounce due to the structural fundamentals and diversification would help surpass this high in 2026. The physical demand remains far above and keeps the market tightening, said NS Ramaswamy, Head of Commodity & CRM, Ventura.

Gold, Silver Rate Today LIVE: Mirae Asset maintains a cautious stance on silver following its parabolic move and has suggested trimming overallocation to precious metals to realign portfolios with long-term strategic allocation levels.

“While it remains prudent to await greater clarity and trend confirmation, gold appears relatively better positioned on a risk–reward basis. In the current environment of heightened uncertainty, a gold–silver allocator remains a preferred investment approach. That said, when assessed independently, gold currently offers a relatively more favourable risk–reward profile,” said Mirae Asset.

Gold, Silver Rate Today LIVE: A look at the recent trend in the gold and silver prices.

Gold, Silver Rate Today LIVE: China’s major state-owned banks are tightening controls on gold investments to manage the volatility. Some banks have backed gold to recover, with Deutsche Bank AG saying in a note that it was standing by its forecast for bullion to rally to $6,000 an ounce.

Gold, Silver Rate Today LIVE: MCX gold rate today reclaimed ₹1.50 lakh level after witnessing sharp correction in the previous sessions. MCX gold price was up by ₹6,307, or 4.38%, at ₹1,50,298 per 10 grams level. The yellow metal touched an intraday high of ₹1,50,614 level so far.

Gold, Silver Rate Today LIVE: Gold price was up 3% at $4,820 an ounce, a bounce of around 9% from Monday’s lows. Silver price traded 5% higher to $83.34 an ounce. Gold, silver, stocks and the dollar have all whipsawed since Trump’s nomination of Kevin Warsh to lead the Federal Reserve sent metal prices tumbling, Reuters reported. Warsh is seen shrinking the Fed’s balance sheet, pushing up bond yields, which is negative for precious metals that pay no income.

Gold, Silver Rate Today LIVE: COMEX gold price is trading near the $4,660–$4,860 reference zone after cooling off from the sharp spike above $5,500. The broader trend remains constructive, but the earlier vertical rally pushed momentum into overbought territory, triggering profit booking and orderly price digestion. Prices continue to hold above key moving averages, indicating a technical correction rather than a trend reversal, said Ponmudi R, CEO of Enrich Money.

He added that strong demand is visible in the $4,500–$4,400 support band, and sustained consolidation above this base could set up the next leg higher, with a decisive move above $5,000–$5,100 reopening upside toward prior highs.

Gold, Silver Rate Today LIVE: According to Rahul Kalantri, VP Commodities, Mehta Equities Ltd, gold price has support at $4,655 - $4,575, while resistance is at $4,860 - $4,950. Silver price has support at $74.8 - $69.75, while resistance is at $88.15 - $94.80.

“MCX gold price has support at ₹1,38,650 - ₹1,35,310, while resistance is at ₹1,48,850 - ₹1,50,950. MCX silver price has support at ₹2,25,810 - ₹2,19,170, while resistance is at ₹2,44,810 - ₹2,50,470,” Kalantri said.

Gold, Silver Rate Today LIVE: Ajay Kedia said that the view for MCX silver price today remains positive. Resistance for MCX rate today is seen at ₹2,71,450 per kg level, while support is placed at ₹2,28,750 level.

Gold, Silver Rate Today LIVE: The trend for MCX gold remains positive, according to Ajay Kedia, Director, Kedia Advisory. He said that the resistance for MCX gold price is placed at ₹1,52,000 and support is seen at ₹1,43,365 level.

Gold, Silver Rate Today LIVE: MCX silver price has corrected sharply and is trading near key structural levels between ₹2,20,000 and ₹2,60,000, after surging above ₹4,00,000 and printing record highs near ₹4,20,048. The extended rally pushed momentum into extreme overbought territory, leading to heat-led consolidation and sharp intraday pullbacks. Despite this, the broader trend remains decisively bullish, with the steep rising channel and major EMAs providing strong support, said Ponmudi R, CEO of Enrich Money.

According to him, the ₹2,20,000 – ₹2,35,000 zone is a critical base, while ₹2,60,000 – ₹2,70,000 acts as immediate resistance. Sustained momentum could extend the move toward ₹3,25,000. Dips continue to favor accumulation for positional traders.

Gold, Silver Rate Today LIVE: Gold price rose nearly 13% in January in its biggest monthly gain since November 2009, while silver price jumped 19%.

Gold, Silver Rate Today LIVE: MCX silver price for March futures was locked in at 6% upper circuit of ₹2,50,436 per kilogram.

Gold, Silver Rate Today LIVE: MCX gold price jumped 3.81% to ₹1,49,485 per 10 grams level. The yellow metal price was trading higher by ₹4,465, or 3.10%, at ₹1,48,456 per 10 grams level.