Gold, Silver Price HIGHLIGHTS: COMEX gold, silver open with big upside, silver jumps over 8%

Gold, Silver Rates Today LIVE: Gold and silver prices in India extended losses on Monday, following a fall in international bullion prices, weighed down by a firm US dollar and as investors booked profits.

However, metal prices bounced back from the lower levels in the international market. The COMEX gold is back above $4,600 per ounce, whereas the COMEX silver price is above $79 per ounce.

Gold, silver rates today: Is it a relief rally or may gold, silver make a new top?

Whether it is a relief rally or gold and silver prices may start a fresh bull trend and touch a new peak, Amit Goel, Chief Global Strategist at Pace 360, said, "Out of 100%, I will give 80% probability to the top out being made last Thursday. So, these are dead-cat-bounce in which gold and silver prices would rebound, but not up to the previous higher levels. In this bounce-back pattern, the dip will be larger than the recovery, and the gap between the peak and crucial support will keep increasing slowly but steadily. So, it is definitely a relief rally, and one should avoid taking any fresh positions in it. Those who hold positions are advised to book profits/losses on their respective positions in gold and silver and wait for an ideal level to enter."

MCX gold rate for April futures contracts today opened 1.18% lower at ₹1,46,000 per 10 grams as against its previous close of ₹1,47,753 level. The yellow metal price touched a multi-week low of ₹1,37,065 per 10 grams level, falling by 7.23%.

MCX silver price for March futures contracts opened 0.69% lower at ₹2,67,501 per kilogram as against its previous close of ₹2,65,652 level. MCX silver rate plunged 15%, or by ₹39,847, to a multi-week low of ₹2,25,805 per kg.

Gold vs silver — which is better after price crash?

“We have maintained a cautious stance on silver following its parabolic move and have suggested trimming overallocation to precious metals to realign portfolios with long-term strategic allocation levels. While it is prudent to wait for further information and trend confirmation, we currently prefer gold from a relative risk–reward perspective,” Mirae Asset report says.

Stay tuned to our Gold, Silver Rates Today live blog on 3rd February 2026 for the latest updates.