Gold, Silver Rates Today Highlights: MCX gold price tops ₹1.64 lakh, silver price gets costlier by ₹22,500 per kg

The signing of the India-EU Free Trade Agreement is a historic achievement that looks promising to bring relief to the gem and jewellery industry in India, especially given the current trade dynamics with the USA. The removal of duties under this FTA is a highly regarded move that will empower Indian gems & jewellery exporters to compete effectively in the European market, especially when gold and silver prices are skyrocketing.

This strategic diversification of Indian exports will help revive the sheen of the gems & jewellery trade, which has been on a decline for months, with occasional spikes in between. The removal of duties has been a constraint, and we thank the government and authorities involved for this measure, which will help reinforce Bharat’s position as a global jewellery hub across the international supply chain.

— Colin Shah, MD, Kama Jewelry, on the India-EU Free Trade agreement

Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said gold traded strongly positive with gains of ₹6,500 or nearly 4%, touching ₹1,64,100 in MCX, as markets position ahead of tonight’s Fed policy. While rates are expected to remain unchanged, the focus is firmly on the Fed’s statement and forward guidance on future rate cuts, which is keeping gold elevated.

Ongoing tariff uncertainty from the US and continued allocation into safe-haven assets have further supported the rally. However, after such a sharp and extended upmove, gold is entering an overheated zone where volatility can increase. Immediate resistance is seen near ₹1,66,000, while strong support stands around ₹1,60,000, he opined.

Spot gold prices extended their rally in evening trade, surging to fresh record highs above $5,300/oz, supported by a sharp pullback in the U.S. dollar and rising policy uncertainty. A weaker dollar improved bullion’s appeal, while comments from President Trump signalling comfort with a softer dollar and expectations of lower interest rates under the next Fed leadership added momentum.

With the Federal Reserve widely expected to keep rates unchanged this week, markets are increasingly focused on guidance around the timing of future cuts. Soft U.S. consumer confidence data, alongside ongoing tariff and policy risks, reinforced gold’s safe-haven appeal, with central bank buying and steady ETF inflows continuing to underpin prices.

— Kotak Securities

Gold and silver are now unmistakably in a monetary reset, finally in a broader price discovery mode as global investors seek refuge from geopolitical uncertainty and weakening real yields.

Precious metals have surged to record levels — gold breaking historic highs and silver dramatically outperforming equity benchmarks — but this stellar run has been exceptionally steep. This month alone, gold is up nearly ~20% and silver ~60% from already elevated bases, underscoring how stretched prices have become.

While safe-haven demand and industrial catalysts remain supportive, experts caution that this is not the optimal entry point for fresh allocations. After such a vertical ascent, markets are ripe for profit-taking and consolidation, and sharp pullbacks in both ETFs and underlying metals are more likely than continued straight-line moves. Rather than rotating large sums from equities into precious metals at these heights, investors should stick to disciplined asset allocation, treat gold primarily as a portfolio hedge, and use staggered, systematic exposures — ideally on meaningful dips — to build positions without trying to time the top.

Chasing the recent velocity of gains risks buying at near-term peaks; patience and strategic rebalancing will serve long-term goals better.

— Harshal Dasani, Business Head, INVasset PMS

Gold prices scaled a fresh record high as geopolitical tensions intensified following reports of a possible attack on Iran, heightening unrest across the Middle East. Further support came from a weaker dollar index, which drifted to a multi-month low.

The broader trend in bullion remains positive, and a buy-on-dips strategy is recommended as long as prices sustain above the $5,000 level in the near term, said Axis Securities.

Gold prices rose above $5,300 per ounce for the first time on Wednesday as weakening confidence in the U.S. dollar and concerns around the independence of the U.S. Federal Reserve boosted demand for the safe-haven metal. Spot gold jumped 1.7% to $5,275.68 an ounce by 0940 GMT after scaling a record $5,311.31. Prices gained more than 3% in the previous session. (Source: Reuters

As per MOFSL’s scenario-based illustration, the report outlines a revised precious metals allocation framework that shifts the portfolio tilt towards stability and better risk-adjusted returns. The suggested split recommends 75% allocation to gold and 25% to silver, indicating a preference for gold as a relatively steadier hedge in the current environment, while still retaining meaningful exposure to silver’s long-term structural upside.

MOFSL notes that after silver’s sharp outperformance and heightened volatility, such a rebalancing approach can help investors manage fluctuations more effectively, without exiting the precious metals theme. This allocation strategy aims to maintain participation in the broader upcycle while improving portfolio resilience during near-term price swings.

Nippon Life India Asset Management Limited (NAM India), the asset manager of Nippon India Mutual Fund (NIMF), has reached a landmark milestone in India’s exchange-traded fund (ETF) landscape, with its Gold and Silver ETF assets under management (AUM) crossing ₹1 lakh crore.

As per data published by the National Stock Exchange (NSE), Nippon India Mutual Fund’s Gold ETF AUM stood at ₹55,124.5 crore, while Silver ETF AUM reached ₹47,392.0 crore, taking the combined AUM to ₹1,02,516.5 crore as on 28 January 2026. This makes Nippon India Mutual Fund the largest manager of precious metals ETFs in India, by a significant margin.

Gold, Silver Rates Today LIVE: MCX gold price traded higher by ₹5,508, or 3.28%, at ₹1,73,429 per 10 grams level. MCX silver price traded higher by ₹22,458, or 6.30%, at ₹3,78,737 per kg.

Gold, Silver Rates Today LIVE: Gold broke through USD 5,200 for the first time, after rising more than 3% rise in the early morning trade, as the dollar plunged to a near four-year low amid persisting geopolitical concerns, ahead of a US Federal Reserve monetary policy decision, Manav Modi, Commodities Analyst Motilal Oswal Financial Services Ltd, said.

Modi described that the US dollar was grappling with a “crisis of confidence,” struggling near four-year lows, after US President Donald Trump said the currency’s value is ‘great’ when asked whether he thought it had declined too much. The remarks by Trump triggered further dollar selling, lifting gold and silver prices, he added.

Gold, Silver Rates Today LIVE: Immediate support for silver price lies at $108–$109.50, followed by a stronger base near $103–$105. A decisive move above the $118.50–$120 zone can rapidly open upside targets toward $125–$140+ in the next phase. The medium-to-long-term outlook for 2026 remains exceptionally bullish, driven by persistent supply deficits and explosive industrial demand, said Ponmudi R.

Gold, Silver Rates Today LIVE: MCX silver price continues to display high-beta outperformance after a powerful breakout, absorbing every minor correction with ease. The rising channel remains steep and firmly intact, with the 20-day EMA near ₹3,64,000 acting as strong dynamic support. Sustained trade above ₹3,80,000 keeps momentum decisively bullish. Immediate upside targets are placed at ₹3,90,000 – ₹4,00,000, with scope to extend toward ₹4,00,000 – ₹4,10,000 over the next few months. Any dip toward the ₹3,50,000 – ₹3,60,000 zone should continue to be viewed as a strong accumulation opportunity within the prevailing uptrend, said Ponmudi R.

Gold, Silver Rates Today LIVE: According to Kedia, the trend for MCX gold rate today remains positive. Resistance is seen at ₹1,65,000 level, while support is placed at ₹1,57,740 level.

Gold, Silver Rates Today LIVE: The view for MCX silver price today remains positive. MCX silver rate may face resistance near ₹3,95,000 level, while support is seen at ₹3,70,000 level, said Ajay Kedia, Director, Kedia Advisory.

Gold, Silver Rates Today LIVE: Gold price has support at $5,155 - $5,105 while resistance at $5,225 - $5,270. Silver price has support at $108.10 - $104.75 while resistance is at $114.15 - $116.00. MCX gold price has support at ₹1,55,050 - ₹1,53,310, while resistance at ₹1,59,850 - ₹1,61,950. Silver price has support at ₹3,44,810 - ₹3,37,170, while resistance at ₹3,61,810 - ₹3,65,470, said Rahul Kalantri, VP Commodities, Mehta Equities Ltd.

Gold, Silver Rates Today LIVE: MCX gold price mirrors global strength, supported by a relatively stable USD/INR in the 91.50–91.66 zone, while registering a fresh all-time high near ₹1,62,500. The rising channel structure remains firmly intact, with the ₹1,57,000 – ₹1,59,000 zone acting as a strong dynamic support base. Every intraday dip is being absorbed aggressively, reinforcing the dominance of buyers. A sustained breakout above the ₹1,65,000 – ₹1,67,500 band can quickly open the path toward ₹1,70,000 – ₹1,73,000 in the coming sessions. The broader bias remains strongly bullish, said Ponmudi R, CEO of Enrich Money.

Gold, Silver Rates Today LIVE: Gold price continues to rewrite record books, trading near $5,237 after marking a fresh all-time high at $5,247 earlier today. The broader uptrend remains firmly intact, with prices holding comfortably above the rising channel and the 20-day EMA near $5,141, clearly reflecting sustained bullish momentum. The earlier resistance zone around $5,120 has decisively flipped into strong support, confirming the strength of the ongoing bull phase. A sustained breakout above $5,300 can trigger the next impulsive leg higher toward the $5,400–$5,500 region in the near term. Minor pullbacks continue to attract aggressive buying interest, said Ponmudi R, CEO of Enrich Money.

Overall, the outlook remains decisively bullish, backed by safe-haven demand, central-bank accumulation, geopolitical risks, and expectations of continued accommodative global monetary policy, he added.

Gold, Silver Rates Today LIVE: Gold rates jumped 3% on the MCX in morning trade to breach the ₹1.62 lakh per 10 grams mark for the first time amid persisting geopolitical tensions, the dollar’s weakness, and strong spot demand. Is it the right time to buy gold? Read here

Gold, Silver Rates Today LIVE: MCX gold price traded higher by ₹3,079, or 1.83%, at ₹1,71,000 per 10 grams level, while MCX silver price traded higher by ₹13,721, or 3.85%, at ₹3,70,000 per kg level.

Gold, Silver Rates Today LIVE: Silver price rose to around $115/oz, marching toward fresh record highs as investors flocked to safe-haven metals following a sharp dollar decline. Silver has seen robust interest from retail investors in China as prices kept rallying, with manufacturers shifting production from jewelry to 1 kilogram silver bars, said Jigar Trivedi, Senior Research Analyst at Indusind Securities.

He expects MCX silver price for March expiry to trade with a positive undertone and may face resistance at ₹3,80,000 per kg level.

Gold, Silver Rates Today LIVE: CME Group is raising margins on Comex silver futures after prices surged to a record high this week. Margins will rise to 11% of so-called notional from the current 9% for non-heightened risk profile, the exchange said in a statement. The heightened risk profile margins will be raised to 12.1% from the current 9.9%, it said. Platinum and palladium futures’ margin also will be hiked, Bloomberg reported. The change takes effect from Wednesday’s close and follows a “normal review of market volatility to ensure adequate collateral coverage,” it said.

Gold, Silver Rates Today LIVE: MCX silver price opened 2.4% higher at ₹3,64,821 per kg as against its previous close of ₹3,56,279 level. MCX silver rate touched a record high of ₹3,77,655 per kg level, jumping more than 6%.

Gold, Silver Rates Today LIVE: MCX gold price opened 2.12% higher at ₹1,71,489 per 10 grams as against its previous close of ₹1,67,921 level. MCX gold rate hit a record high of ₹1,72,949 level.

Gold, Silver Rates Today LIVE: Gold price rose above $5,200/oz, hitting new record highs as a sharp decline in the dollar fueled investor demand for safe-haven metals. Policy uncertainties in Washington, including Trump’s tariff threats against other nations and attacks on the Federal Reserve’s independence, further underpinned the rally in precious metals. Meanwhile, the Fed is widely expected to hold interest rates steady on Wednesday, with markets focused on any guidance regarding the timing of the next rate cut, said Jigar Trivedi, Senior Research Analyst at Indusind Securities.

He expects MCX gold price for February expiry to stay positive amid a positive undertone in the world markets and ₹160,000 per 10 grams is the next resistance.

Gold, Silver Rates Today LIVE: Gold and silver prices on MCX ended higher on Tuesday. MCX gold price rallied 1.04% to ₹1,57,666 per 10 grams level. MCX silver price jumped 6.3% to ₹3,55,800 per kg.

Gold, Silver Rates Today LIVE: The rally in gold price today comes after the US dollar sank to the lowest level in almost four years. Dollar dipped after US President Donald Trump said he was not concerned about a drop in the value of the dollar. The gauge of the US currency fell 1.1% on Tuesday, its biggest one-day drop since April, after Trump told reporters that the dollar was “doing great” and he expected currency values to fluctuate.

Gold, Silver Rates Today LIVE: Silver futures jumped 7.3% to $113.66 an ounce, while spot silver price was up 1.41% at $113.71 per ounce.

Gold, Silver Rates Today LIVE: Spot gold price rose 0.53% to $5,209.33 per ounce, near its record high of $5,210.28. US gold futures gained 2.39% to $5,242.91 per ounce.

Gold, Silver Rates Today LIVE: Gold prices in the international markets surged to a record high above $5,200 an ounce, extending a historic rally on rising safe-haven demand amid economic and geopolitical uncertainty.