Gold, Silver Rate Today HIGHLIGHTS: MCX gold tanks 18% from record high, silver crashes ₹1.54 lakh from lifetime high

Globally, further downside pressure may emerge at the start of the week as higher CME margins take effect on Monday, February 2. According to an exchange statement released late Friday, gold margins will rise to 8% from 6% for non-heightened risk profiles, and to 8.8% from 6.6% for heightened risk profiles. Silver margins will increase to 15% from 11% for non-heightened risk profiles, and to 16.5% from 12.1% for heightened risk profiles.

— Kaynat Chainwala, AVP — Commodity Research, Kotak Securities

Silver saw a deeper correction given its higher volatility, exposure to industrial demand, and potentially from CME's margin hike announced Wednesday (Jan 28), raising non-heightened requirements from 9% to 11% and heightened from 9.9% to 12.1%.

— Kaynat Chainwala, AVP — Commodity Research, Kotak Securities

Gold and silver suffered their steepest single-day fall since 1980 on Friday, settling at $4,864/oz and $84.66/oz, respectively. The sell-off was triggered by a sharp rebound in the U.S. dollar, broad-based global market weakness, and the Trump administration’s nomination of Kevin Warsh, widely regarded as an inflation hawk, as the next Federal Reserve chair. The brutal correction followed an exceptional rally.

— Kaynat Chainwala, AVP — Commodity Research, Kotak Securities

Prices are still at elevated levels. If supported by new, sustainable fundamental factors, they may hold, though the current signals are mixed. Global tensions and uncertainty may continue to support gold as long as they persist. Both asset classes appear due for a price consolidation, though timing such a move is extremely difficult. We continue to advise investors not to chase recent rallies and instead remain disciplined with asset allocation. Investors should exercise caution at these levels.

— Gold & Silver ETF from Sriram B K R, Senior Investment Strategist, Geojit Financial Services

It is important to note that both gold and silver have seen an unprecedented and massive rally over the past year. Data shows that until 29th January, silver had surged 319% year-on-year in rupee terms, while gold had risen 118%. Even after a correction of around 11% in silver and 4.3% in gold on 30th January, silver remains up 268% YoY and gold 108% YoY.

The recent decline in Gold and Silver ETFs is primarily a reflection of the fall in international gold and silver prices, particularly on 30th January 2026, as seen in LBMA prices. This decline has translated into ETF markets today, as exchanges are open due to the Union Budget session, with 1st February being the immediate working day following the international market correction. As of 11:15 AM IST on 1st February 2026, the fall in ETF prices broadly mirrors the decline witnessed in LBMA prices.

— Sriram B K R, Senior Investment Strategist, Geojit Financial Services

On the budget 2026 date, MCX silver rate finished at ₹1,48,104 per kg, ₹1,54,423 below the lifetime high of ₹4,20,048 per kg.

On the special session on budget 2026 date, MCX gold rate for April futures finished at ₹1,48,104 per 10 gm, 18% below the record high of ₹1,80,779 per 10 gm.

Gold, Silver Rate Today LIVE: According to Anirudh Garg, Gold still serves as a hedge against macro uncertainty and currency volatility, while silver’s mix of investment and industrial demand underpins its longer-term appeal. Periods of sharp correction are common after parabolic rallies and can provide healthier consolidation before the next leg of price discovery. As a result, while short-term swings may persist, the broader trend for both metals remains constructive.

Gold, Silver Rate Today LIVE: Ponmudi R, CEO, Enrich Money, said, "The price has slipped back toward the ₹1,36,000 region, indicating heavy profit booking and long liquidation rather than healthy consolidation. Although the broader long-term trend was bullish, the recent move clearly reflects distribution at higher levels. The rising channel support has been decisively tested, and momentum has shifted into sell-on-rise mode."

"Immediate stability is required above ₹1,32,000– ₹1,35,000 to avoid further downside extension. Until price regains ₹1,45,000, rallies are likely to face supply, keeping the near-term outlook cautious to corrective," he further added.

Gold, Silver Rate Today LIVE: Warsh Nomination: The primary catalyst was the selection of Kevin Warsh as the upcoming Chair of the US Federal Reserve, sparking speculation about a more aggressive monetary policy and elevated interest rates.

Strong US Dollar: Warsh's nomination also increased interest in the US dollar, which appreciated by 0.73% in Friday's trading session to 96.99, making dollar-denominated precious metals pricier for holders of other currencies.

Margin Increase: In light of significant fluctuations in both gold and silver prices, CME Group is raising margins on COMEX gold and silver futures. For non-heightened risk profiles, gold margins will increase from 6% to 8% of the contract value, as reported by Bloomberg, citing the exchange's announcement.

Profit Booking: The significant increase in gold prices appears to have encouraged investors to realize their profits, as prices in India surged to ₹80,000 per 10 grams in an unprecedented eight-month period.

Gold, Silver Rate Today LIVE: The gold–silver ratio is calculated by dividing the price of one ounce of gold by the price of one ounce of silver, indicating how many ounces of silver are required to purchase one ounce of gold.

It measures the relative value between the two precious metals and is commonly used by investors to assess market conditions. A high ratio suggests gold may be overvalued relative to silver, while a low ratio may indicate silver is relatively expensive. During periods of market volatility, the ratio can help guide decisions on whether gold or silver may offer better value.

Gold, Silver Rate Today LIVE: Amit Goel of Pace 360 told Mint that silver price weakness is expected to continue as he sees silver at $50/oz ( ₹2 lakh) by the end of June 2026.

Gold, Silver Rate Today LIVE: Gold ETFs slipped up to 10.5% in the previous session.

Gold, Silver Rate Today LIVE: MCX gold rate for April futures ended lower by ₹4,242, or 2.87%, at ₹1,48,104 per 10 grams. MCX silver price for March futures expiry closed at a 9% lower circuit of ₹2,65,652 per kg, down by ₹26,273.

Gold, Silver Rate Today LIVE: Ajay Bagga, Banking and Market Expert, told ANI, “The meltdown of Jan 29th/30th would have hurt these positions. Long-term investors, who are Indian households, will continue to hold. But let us keep the discourse measured and avoid the leverage. “I told you so” tones of talking down to those who were caught in levered trades and are sitting on unsustainable losses."

Bagga cautioned that no one can accurately forecast short-term price movements, adding that the recent fall wiped out nearly two months of gains in just two days, an outcome few had anticipated. He suggested that investors with a 10-15% portfolio allocation to gold and silver may continue to hold, while those uncomfortable with volatility could consider liquidating their positions

Gold, Silver Rate Today LIVE: Bitcoin prices slipped below $76,000 in thin weekend trading, dropping about 40% from its 2025 peak and revisiting levels last seen in the aftermath of the “Liberation Day” tariff fallout. Bitcoin price fell nearly 11% in January, marking its fourth straight monthly decline — the longest losing streak since 2018, during the crash that followed the 2017 boom in initial coin offerings.

Gold, Silver Rate Today LIVE: Gold-silver ratio had hit 46 mark on Thursday, only to rebound to 57 amid the sharp reversal in silver prices. Analysts had warned that a gold-silver ratio below 50 levels signals that silver is no longer cheap.

Gold, Silver Rate Today LIVE: Today’s sharp fall in gold and silver ETFs looks scary on the screen, but it’s more of a sentiment shock than a story-breaker. Precious metals had run up sharply over the last year, and what we’re seeing now is a mix of profit-booking, global volatility and reaction to macro cues. ETFs tend to exaggerate moves on such days, both up and down, said Akshat Garg, Head Research & product of Choice Wealth.

For investors, this isn’t a moment for panic. Gold and silver are portfolio hedges, not trading bets. If your allocation is sensible, staying put makes sense. If anything, staggered buying during corrections works better than chasing rallies. Volatility hurts emotions, not long-term plans, he added.

Gold, Silver Rate Today LIVE: MCX gold rate was trading lower at ₹1,49,100 per 10 grams level, down by ₹3,245, or 2.13%. MCX silver price was down by ₹25,218, or 8.64%, at ₹2,66,707 per kg.

Gold, Silver Rate Today LIVE: There was no update on import duty for bullion, and with sharp weakness already seen in CME on Friday, domestic gold and silver reacted negatively. Gold price has corrected nearly 20% from its peak of ₹1,82,500 to around ₹1,47,800, while silver price has seen a much sharper 36% decline from ₹4,20,000 to near ₹2,65,650. Going ahead, gold is expected to remain volatile but relatively more stable compared to silver, which may continue to witness exaggerated swings. In the current phase, caution is advisable — a watch-and-learn approach is better until volatility subsides and price structures stabilize, said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Gold, Silver Rate Today LIVE: The recent decline in Gold and Silver ETFs is primarily a reflection of the fall in international gold and silver prices, particularly on 30th January 2026, as seen in LBMA prices. This decline has translated into ETF markets today, as exchanges are open due to the Union Budget session, with 1st February being the immediate working day following the international market correction.

Gold and silver prices are still at elevated levels. If supported by new, sustainable fundamental factors, they may hold, though the current signals are mixed. Global tensions and uncertainty may continue to support gold as long as they persist. Both asset classes appear due for a price consolidation, though timing such a move is extremely difficult. We continue to advise investors not to chase recent rallies and instead remain disciplined with asset allocation. Investors should exercise caution at these levels, said Sriram B K R, Senior Investment Strategist, Geojit Financial Services.

Gold, Silver Rate Today LIVE: The government has made no changes in the Commodity Transaction Tax (CTT) in Budget 2026. Finance Minister Nirmala Sitharaman in her Budget 2026 speech proposed to increase Security Transaction Tax (STT) on Futures & Options transactions.

Gold, Silver Rate Today LIVE: FM Nirmala Sitharaman, in her Budget 2026 speech, proposed to provide that the exemption from capital gains tax in respect of Sovereign Gold Bonds shall be available only where such bonds are subscribed to by an individual at the time of original issue and are held continuously until redemption on maturity. It is also proposed to provide that this exemption applies uniformly to all issuances of Sovereign Gold Bonds by the Reserve Bank of India.

Gold, Silver Rate Today LIVE: Selling in gold and silver prices intensified after the Finance Minister Nirmala Sitharaman’s Budget speech. MCX gold rate was trading lower by ₹5,048, or 3.31%, at ₹1,47,297 per 10 grams. MCX silver price was locked at a 9% lower circuit of ₹2,65,652 per kg, down by ₹26,273.

Gold, Silver Rate Today LIVE: MCX silver price traded lower by ₹23,436 per kg, or 8.03%, to ₹2,68,489 per kg.

Gold, Silver Rate Today LIVE: MCX gold price recoup some losses from 9% fall in the earlier session. MCX gold rate was trading lower by ₹4,445, or 2.92%, at ₹1,47,900 per 10 grams level.

Gold, Silver Rate Today LIVE: BSE imposed a 20% circuit limit on Gold and Silver ETFs. For the current trading session, ETF prices will be anchored to the previous day’s NAV (T-1 NAV), with transactions allowed only within a ±20% band.

“In view of the volatility in underlying Gold & Silver prices, Reference Price for Gold and Silver ETFs traded on the Exchange shall be based on the T- 1 NAV as published by the respective Mutual Funds / Asset management Companies. Accordingly, the prescribed price band of +/- 20% shall apply to the said T- 1 NAV price for trading purposes,” BSE said in a circular on February 1.

Gold, Silver Rate Today LIVE: MCX Gold price for February futures dropped more than 9% in the opening hour, however slightly recovered. MCX gold price for February futures has a strong support near ₹140,000 per 10 grams and we expect a volatile session though amid thinly traded volumes, said Jigar Trivedi, Senior Research Analyst at IndusInd Securities.

Gold, Silver Rate Today LIVE: Ajay Kedia said the trend for MCX silver price remains negative for today. MCX silver rate may fund support at ₹2,36,000 per kg level, while resistance is placed at ₹3,0,6000 level.

Gold, Silver Rate Today LIVE: The view for MCX gold rate today remains negative, said Ajay Kedia, Director, Kedia Advisory. According to him, MCX gold price may find support at ₹1,35,000 level, while resistance is placed at ₹1,46,000 level.

Gold, Silver Rate Today LIVE: MCX silver prices have seen an extreme volatility-driven reversal after posting record highs near ₹4,20,000, followed by a near-vertical collapse toward ₹2,84,000, confirming blow-off top behavior. The breakdown invalidates the steep bullish channel and signals panic unwinding of leveraged long positions. Momentum indicators have flipped from extreme overbought to oversold within a very short span, highlighting structural instability rather than healthy correction, said Ponmudi R, CEO of Enrich Money.

The ₹2,60,000 – ₹2,55,000 zone is now a critical demand area; failure to hold may open deeper corrective risk. Any pullback toward ₹3,00,000 – ₹3,10,000 is expected to attract selling pressure. The trend remains bearish-biased in the short term, with volatility expected to stay elevated, he added.

Gold, Silver Rate Today LIVE: MCX gold price has witnessed a sharp rejection from the ₹1,80,000 – ₹1,81,000 zone, followed by an aggressive breakdown, confirming short-term trend exhaustion after a parabolic rally. Gold price has slipped back toward the ₹1,36,000 region, indicating heavy profit booking and long liquidation rather than healthy consolidation. Although the broader long-term trend was bullish, the recent move clearly reflects distribution at higher levels. The rising channel support has been decisively tested, and momentum has shifted into sell-on-rise mode, said Ponmudi R, CEO of Enrich Money.

Immediate stability is required above ₹1,32,000 – ₹1,35,000 to avoid further downside extension. Until price regains ₹1,45,000, rallies are likely to face supply, keeping the near-term outlook cautious to corrective, he added.

Gold, Silver Rate Today LIVE: For gold and silver ETF investors, this phase calls for discipline rather than reaction. The recent volatility, especially in silver, has been driven largely by leverage unwinding and margin-related liquidations, not by any deterioration in the long-term macro or monetary backdrop. Investors already holding exposure should avoid panic exits during forced sell-offs, as these phases tend to overshoot on the downside.

At the same time, fresh allocations should be staggered and calibrated, not deployed in lump sums after sharp rallies or corrections. Precious metals tend to move in cycles, and chasing momentum—particularly after vertical moves—often leads to suboptimal entry points. Gold, with its lower volatility, continues to play a portfolio stabiliser role, while silver remains a higher-beta asset that requires tighter position sizing.

The broader takeaway is to treat gold and silver ETFs as strategic portfolio hedges rather than short-term trading instruments. Rebalancing, rather than aggressive buying or selling, is the more prudent approach in such environments. Over time, disciplined allocation and patience matter far more than attempting to time short-term price swings driven by sentiment and leverage, said Harshal Dasani, Business Head, INVAsset PMS.

Gold, Silver Rate Today LIVE: CME Group is raising margins on Comex gold and silver futures after prices suffered their biggest slides in decades, Bloomberg reported. Gold margins will rise to 8% of the value of the underlying contract from the current 6% for non-heightened risk profile. The heightened risk profile margins will be increased to 8.8% from the current 6.6%.

Silver margins will climb to 15% from the current 11% for non-heightened risk profile, while the heightened risk profile margins will be hiked to 16.5% from the current 12.1%. Platinum and palladium futures’ margin also will be boosted.

The change takes effect from Monday’s close and follows a “normal review of market volatility to ensure adequate collateral coverage,” it said.

Gold, Silver Rate Today LIVE: Hedge funds and large speculators cut net-long silver positions 36% to 7,294 contracts for the week ended January 27, the lowest in 23 months, US government data showed. Bullish gold wagers fell to an eight-week low.

Gold, Silver Rate Today LIVE: MCX gold rate extended selloff. The yellow metal price fell by ₹13,711, 9%, to ₹1,38,634 per 10 grams level. MCX silver prices also slipped by ₹26,273, or 9%, to ₹2,65,652 per kg.

Gold, Silver Rate Today LIVE: MCX silver price for March futures expiry slipped by ₹7,099, or 2.43%, to open at ₹2,84,826 per kilogram as against its previous close of ₹2,91,925 level. However, MCX silver price also hit a 6% lower circuit to ₹2,74,410 per kg, down by ₹17,515.

Gold, Silver Rate Today LIVE: MCX gold price for April futures contracts opened 0.48% lower at ₹1,51,610 per 10 grams as against its previous close of ₹1,52,345 level. Selling in the yellow metal intensified and MCX gold rate hit a 6% lower circuit of ₹1,43,205 per 10 grams, falling as much as ₹9,140.

Gold, Silver Rate Today LIVE: US President Donald Trump announced his pick for the Federal Reserve’s top job: Kevin Warsh, who’s seen as less supportive of deep rate cuts and more worried about inflation. This led to the biggest dollar rally since May and accelerated a plunge in precious metals.

Gold, Silver Rate Today LIVE: Bitcoin prices fell sharply, tumbling below the $80,000 mark to hit levels last seen in April 2025. The decline in bitcoin prices came amid thin liquidity and limited buying interest. Bitcoin price was down by 6.53% to $78,719.63.

Gold, Silver Rate Today LIVE: Gold price witnessed sharp selling pressure after margin hikes triggered aggressive profit booking in CME, where prices corrected from the recent peak of $5,500 to near $5,000. The impact was even more pronounced in MCX, as gold slipped from record highs above ₹1,80,000 to intraday lows near ₹1,55,000. Such elevated volatility is expected to persist for a few more sessions until positions normalize and buyer–seller equilibrium returns, said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Gold, Silver Rate Today LIVE: In January, gold prices rose by ₹27,800, or 20.2%, from ₹1,37,700 per 10 grams recorded at the end of last year. Silver prices closed January with sharp gains, soaring ₹73,000, or 30.5%, from ₹2,39,000 per kilogram recorded on December 31, 2025, despite a steep fall in two consecutive sessions to Saturday.

Gold, Silver Rate Today LIVE: US dollar strengthened sharply on Friday in the wake of the Warsh announcement and inflation data. The dollar index, which measures the greenback against a basket of currencies, rose 0.57% to 96.73, with the euro down 0.54% at $1.1904.

Gold, Silver Rate Today LIVE: MCX gold and silver prices crashed on Friday as investors booked profits amid a global selloff triggered by a stronger US dollar. MCX gold rate cracked by ₹33,113, or 18%, to close at ₹1,50,849 per kg on Friday, while MCX silver rate slumped by ₹1,07,971, or 27%, to ₹2,91,922 per 10 grams.

Gold, Silver Rate Today LIVE: The Multi Commodity Exchange of India (MCX) has announced a special trading session today, Sunday, as the Union Budget 2026 will be presented by Finance Minister Nirmala Sitharaman in the Parliament today. The trading in commodity market will remain open for the morning session from 9:00 AM to 5:00 AM.

Gold, Silver Rate Today LIVE: The gold and silver prices’ crash was triggered by a surge in US dollar after a report the Donald Trump administration was preparing to nominate Kevin Warsh for the US Federal Reserve chair, a move later confirmed. Spot gold price closed 8.9% lower at $4,894.23 an ounce in New York. Silver price plunged 26% to settle at $85.20 an ounce.

Gold, Silver Rate Today LIVE: Gold prices slumped more than 12% to slump below $5,000 an ounce in its biggest daily decline since the early 1980s. Silver prices crashed more than 36%, a record intraday decline, as the selloff swept through the broader metals markets.