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

In the Opening Bell today, the COMEX silver price is currently quoting around $83.255 per ounce, over 8% higher than Monday close price.

The COMEX gold price today opened with a big upside and touched an intraday high of $4,852.29 /oz within a few minutes of the Opening Bell. The yellow metal is currently quoting over 4% higher than its Monday close price.

The COMEX silver price today opened with a big upside and touched an intraday high of $84.085 /oz within a few minutes of the Opening Bell.

After the end of Monday session, the COMEX silver finished at $79.078 per ounce and the COMEX gold price closed at $4,683.90 per troy ounce. This means gold-silver ratio today before the beginning of the Tuesday session is slightly above 59.

On Monday, the COMEX silver futures contract for the March 2026 expiry, finished 0.70% higher at $79.078 per ounce.

On Monday, the COMEX gold futures for April 2026 finished 1.29% lower at $4,683.90 per ounce.

MCX data showed that on Monday, 2 February 2026, gold prices lost more than 7% or over ₹10,600 per 10 grams in a single day amid the pressure from the US dollar and continued profit booking from the commodity market investors.

Silver prices dropped by 9.77% or ₹25,967/kg to ₹239,685/kg as of 8:57 pm (IST), compared to ₹265,652/kg at the previous commodity market close, according to MCX data collected as of 10:21 p.m. (IST).

Gold prices on the Multi-Commodity Exchange (MCX) were trading 1.55% or ₹2,292 per 10 grams to ₹145,461 per 10 grams as of 10:20 p.m. (IST), compared to ₹147,753 per 10 grams, according to the official data.

Kedia Advisory's founder and director, Ajay Suresh Kedia, shared his strategic view on the precious metals gold and silver and said that investors should avoid buying fresh bullion trades at current levels and also expect high volatility and whipsaws in the commodity market.

Ajay Suresh Kedia, the founder and director of Kedia Advisory, suggested investors stay away from the precious metals gold and silver for now.

• COMEX gold key level — Support at $4,280; Resistance at $5,020.
• COMEX silver key level — Support at $70 (next $56); Resistance at $92.20.

Ajay Suresh Kedia, the founder and director of Kedia Advisory, recommended investors to stay away from the precious metals gold and silver for now, citing seven factors which are weighing down the prices in the commodity market.

Here's what Kedia said —

• Precious metals saw the steepest fall in over a decade after a sharp rally.
• Profit-taking intensified as gold hit record highs and momentum cooled.
• Exchanges raised margins on Gold & Silver, forcing leveraged liquidation.
• Gold & Silver ETFs under heavy selling pressure, prices corrected up to 20%.
• Strong U.S. dollar added further downside pressure.
• Geopolitical risk eased after US–Iran negotiation signals reduced safe-haven demand.

Gold prices on the Multi-Commodity Exchange (MCX) were trading 0.17% or ₹253 per 10 grams to ₹147,500 per 10 grams as of 8:57 pm (IST), compared to ₹147,753 per 10 grams, according to the official data.

While the silver prices dropped by 8.71% or ₹23,151/kg to ₹242,501/kg as of 8:57 pm (IST), compared to ₹265,652/kg at the previous commodity market close, according to MCX data.

Union Finance Minister Nirmala Sitharaman said that the volatility in gold prices exists because of global uncertainty, which shows that investors do not have confidence in any particular currency.

“Volatility in gold prices exists because of global uncertainty, shows investors do not have confidence in any particular currency,” said FM Nirmala Sitharaman told the news agency PTI on Monday, 2 February 2026.

Read more: What FM Sitharaman said after Budget day

According to data from The Conversation, silver's spectacular gain came with 36% "annualised volatility", which measures how much a stock price varies over one year. This was nearly double that of gold's 20% volatility over the same period.

In such uncertain phases, maintaining gold as the core precious metal allocation may offer better stability, while silver can be used selectively as a tactical exposure. A balanced approach, rather than choosing one over the other, is often more suitable for long-term investors. In this market volatility, gold remains the safer, more stable option for investors focused on wealth preservation.

— Rahul Kalantri, VP, Commodities at Mehta Equities

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

The COMEX gold is trading between $4,450/oz and $4,900/oz, whereas the MCX gold rate today is in the ₹1,35,000 to ₹1,50,000 per 10 gm range. A bullish or a bearish trend can be assumed on the breakage of either side of this range. Until then, one should maintain a buy-on-dips strategy.

Anuj Gupta, a SEBI-registered commodity expert

The MCX gold rate is currently trading around ₹1,46,000 per 10 gm, which is ₹34,000 away from the record high of ₹1,80,048 per 10 gm. The MCX gold ascended to this peak during the Thursday session last week, which means the gold price in India has fallen by around ₹34,000 over the last four sessions (including Sunday's special session).

The MCX silver rate is oscillating around ₹2,45,000 per kg, which is about ₹1,75,000 below its record high of ₹4,20,048 per kg. This peak was made last Thursday. This means the silver price in India has crashed to around ₹1.75 lakh per kg over the last four straight sessions, including the special session on Sunday.

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.

— Amit Goel, Chief Global Strategist at Pace 360

Until COMEX gold slips decisively below $4,450 and COMEX silver slips below $70 per ounce on a closing basis, I would suggest that gold and silver investors maintain a buy-on-dips strategy. In fact, one should avoid taking a sell position at higher levels.

— Anuj Gupta, a SEBI-registered commodity expert

After hitting an intraday low of ₹1,37,065 per 10 gm levels, the precious yellow metal witnessed strong buying. This lead to sharp rise in the MCX gold rates and it crossed above ₹1,45,000 levels. At 3:15 PM, MCX gold rate for April futures was quoting at ₹1,47,500 per 10 gm.

The COMEX silver price has broken above the minor hurdle placed at $79 per ounce and the white metal is now sustaining above $79 per ounce hurdle with a sizeable margin. Now, the COMEX silver price is headed towards $85 and $88 per ounce levels. On breaking above this level, we can expect the white metal to touch $93-$94 per ounce levels. On the lower side, $70 per ounce is expected to remain sgtrong support. On breaking below this range would mean more selling in the white metal.

— Anuj Gupta, a SEBI-registered commodity expert

The COMEX gold price is in the $4,450 per ounce to $4,900 per ounce range. Today's bounceback from the intraday low indicates that current suport for the precious yellow metal has become a crucial base for it in the near term.

— Anuj Gupta, a SEBI-registered commodity expert

The precious 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 near $79 per ounce.

MCX Gold, Silver Price Today LIVE: Gold and silver prices extended losses, with the silver rate heading for its biggest two-day loss since at least the 1980s, falling another 7% on top of Friday’s 30% plunge. MCX gold price has fallen 29% from its record high of ₹1,47,407 level. MCX silver price has slumped 46.24% from its life-time high of ₹4,20,048 per kg level.

MCX Gold, Silver Price Today LIVE: The long term structure for gold price continues to show higher highs and higher lows, and the recent decline looks more like a pause within an ongoing uptrend rather than the start of a reversal. Importantly, prior breakout zones are holding, suggesting that strong hands are still willing to accumulate on dips.

What seems increasingly likely is a phase of time wise consolidation. Gold may spend the next few months moving within a broad range, capped near ₹1,80,779 and supported around ₹1,36,185, ₹1,32,294. Such ranges are common after sharp advances, allowing excess optimism to cool off and positioning to reset, without damaging the underlying trend.

If this consolidation plays out, it would be a healthy development. It would set the stage for the next directional move, with the broader bias still favouring the upside as long as key supports continue to hold, said Apurva Sheth, Head of Market Perspectives and Research, SAMCO Securities.

MCX Gold, Silver Price Today LIVE: Robert Kiyosaki, Author of the global bestseller Rich Dad Poor Dad in a latest post on social media platform X wrote about how different people behave during market downturns. Drawing a parallel with retail discounts, he wrote:

“When Walmart has a SALE poor people rush in and buy, buy, buy. Yet when the Financial Asset Market has a sale….a.k.a…..CRASH…the poor sell and run….while the rich rush in….and buy, buy, buy.”

Kiyosaki extended the analogy to the current slide in precious metals and crypto, framing the decline as a buying opportunity rather than a warning sign. Read here

MCX Gold, Silver Price Today LIVE: Silver ETFs extended losses for the third straight session as the historic slide in precious metals intensified across domestic and global markets. The sharp correction in bullion prices has spilled over into exchange-traded funds, eroding gains that had built up over an extraordinary rally in the past year.

Among the hardest hit were Kotak Silver ETF and ICICI Prudential Silver ETF, both tumbling 20%. SBI Silver ETF and Axis Silver ETF also declined 20%. HDFC Silver ETF fell 19.5%, while Nippon India Silver ETF dropped 19%. Over the last three trading sessions of extreme volatility, all silver ETFs have lost more than 40%.

MCX Gold, Silver Price Today LIVE: MCX silver price for March futures contracts plunged 15%, or by ₹39,847, to multi-week low of ₹2,25,805 per kg. It was trading lower by ₹37,447, or 14.10%, at ₹2,28,205 per kg level.

MCX Gold, Silver Price Today LIVE: A wave of risk-off sentiment swept through global financial markets on Monday, pushing stocks, commodities, cryptocurrencies and bonds lower, as investors grappled with a mix of domestic policy concerns and tightening global financial conditions. Read here

MCX Gold, Silver Price Today LIVE: Silver prices remained under heavy pressure after suffering the biggest one-day fall in history, as markets continued to unwind a crowded speculative rally.

> The sharp correction was triggered by expectations of a more hawkish US Federal Reserve following Kevin Warsh’s nomination, which strengthened the dollar and reduced appetite for precious metals.

> Heavy profit-taking, particularly from Chinese investors, accelerated losses after prices had surged on deficit-driven fundamentals and safe-haven demand.

> Despite the steep decline, silver’s longer-term outlook continues to draw support from supply constraints, fiscal concerns, and lingering geopolitical uncertainty, said Ajay Kedia.

MCX Gold, Silver Price Today LIVE: MCX gold rate slipped by ₹8,865, or 6%, to ₹1,38,888 per 10 grams level. MCX silver price was down by ₹31,878, or 12%, at ₹23,3774 per kg.

Gold, Silver Rates Today LIVE: COMEX silver price is trading around key consolidation points in the $75–$85 zone, after testing record highs above $121.6. The metal remains within a broader rising structure, but the recent move left prices overbought, resulting in sharp rise–sharp fall price action driven by aggressive profit booking. Importantly, prices are holding above key moving averages, suggesting the current pause is a healthy consolidation rather than trend exhaustion. Support is placed in the $73–$75 zone, and a sustained breakout above $88–$90 could trigger the next impulsive move toward $100–$105 over the intermediate term. Structural supply deficits and steady industrial demand continue to underpin the bullish bias, said Ponmudi R, CEO of Enrich Money.

Gold, Silver Rates Today LIVE: COMEX Gold is trading near the $4,580–$4,700 key reference zone, cooling off after the sharp spike above $4,900. While the broader market trend remains constructive, the recent vertical rally pushed momentum indicators into overbought territory, leading to heat-driven profit booking and mild price digestion from elevated levels. Despite this, prices continue to hold above major moving averages, indicating that the ongoing correction is technical and orderly rather than trend-reversing, said Ponmudi R, CEO of Enrich Money.

According to him, strong buying interest is emerging in the $4,500–$4,400 support band, reinforcing this zone as a critical demand base. A sustained consolidation above this area could set the stage for the next leg higher, with a decisive move above $5,000–$5,100 reopening upside toward prior peaks.

Gold, Silver Rates Today LIVE: MCX silver price for March futures contracts crashed another 9% on Monday, hitting the lower circuit limit as selling in precious metals intensified. MCX silver rate today plunged 9% to ₹2,41,744 per kilogram level. The white metal has declined over 42% from its record high of ₹4,20,048 per kg level.

Gold, Silver Rates Today LIVE: According to Ajay Kedia, the trend for MCX silver price remains negative, and the price may find support at ₹2,36,000 level, while resistance is seen at ₹2,75,000 level.

Gold, Silver Rates 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 ₹1,38,000 level and resistance at ₹1,46,000 level.

Gold, Silver Rates Today LIVE: Bullion markets remain highly volatile, but silver prices could find support near $68, while gold may hold around $4,510 this week. Gold price has support at $4,655-4,575, while resistance is at $4,840-4,950. Silver price has support at $74.8-69.75 while resistance is at $88.15-93.80. MCX gold rate has support at ₹1,39,650 - ₹1,36,310, while resistance at ₹1,48,850 - ₹1,50,950. MCX silver price has support at ₹2,48,810 - ₹2,37,170, while resistance is at ₹2,78,810 - ₹2,95,470, said Rahul Kalantri, VP Commodities, Mehta Equities Ltd.

Gold, Silver Rates Today LIVE: The broader structure for MCX gold price remains bullish, though the market is witnessing sharp intraday swings, reflecting short-term overheating and tactical profit booking after the recent vertical rise. The rising channel remains intact, and pullbacks continue to attract buyers, suggesting selling pressure is being absorbed efficiently, said Ponmudi R, CEO of Enrich Money.

The ₹1,43,000 – ₹1,45,000 zone continues to act as a strong dynamic support. A sustained hold above ₹1,50,000 could revive upside momentum toward ₹1,65,000 – ₹1,70,000, keeping the medium-term outlook constructive despite near-term volatility, he added.

Gold, Silver Rates Today LIVE: Gold and silver prices saw the steepest fall in over a decade after a sharp rally. Profit-taking intensified as gold hit record highs and momentum cooled. Gold and Silver ETFs are under heavy selling pressure and prices have corrected up to 20% as the strong US dollar added further downside pressure, said Ajay Kedia, Director of Kedia Advisory.

According to Kedia, the key technical support level for gold price lies at $4,280 and resistance is seen at $5,020. Silver price may find support at $70 and $56 levels, while resistance is placed at $92.20 level. He advises avoiding fresh bullion trades at current levels and expects high volatility and whipsaws in the precious metal prices.

Gold, Silver Rates Today LIVE: CME Group announced hikes in margins on its metal futures and the changes are set to take effect after market close on Monday. COMEX gold futures margins (1oz) are raised from 6% to 8%, while COMEX 5000 silver futures (SI) are set to increase to 15% from 11%. Platinum and palladium futures will also see increases in margin requirements.

Gold, Silver Rates Today LIVE: Spot silver fell 5% to $80.28 an ounce. It hit a record high of $121.64 on Thursday before touching a near one-month low on Friday.

Gold, Silver Rates Today LIVE: Gold and silver prices declined to multi-week lows amid a firm dollar and as increases in CME precious metals margin requirements were set to take effect on session close weighing on prices.

Spot gold price dropped 3.3% to $4,703.27 per ounce, after falling more than 5% earlier in the session to hit its lowest in more than two weeks. Bullion had scaled a record high of $5,594.82 on Thursday. US gold futures for April delivery were down 0.3% at $4,729.20 per ounce.

Gold, Silver Rates Today LIVE: MCX silver price opens 0.69% lower at ₹2,67,501 per kilogram as against its previous close of ₹2,65,652 level. The white metal price was trading lower by ₹8,671, or 3.26%, at ₹2,56,981 per kg. MCX silver rate hit an intraday low of ₹2,55,652 level.

Gold, Silver Rates Today LIVE: MCX gold rate 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 was trading lower by ₹1,253, or 0.85%, at ₹1,46,500 level. It hit an intraday low of ₹1,43,501.

Gold, Silver Rates Today LIVE: With the Union Budget now behind us, gold and silver are shifting from policy noise back to macro reality. The sharp correction reflects profit-taking and global yield pressures, not a breakdown in fundamentals. Near-term volatility is inevitable, but structurally, precious metals remain a hedge against geopolitical risk, fiscal expansion, and any renewed softness in global growth, said Mohit Gulati, CIO and managing partner of ITI Growth Opportunities Fund.

Gold, Silver Rates Today LIVE: The dollar clung to its gains as investors weighed what a Federal Reserve under Kevin Warsh might look like, with his preference for a smaller balance sheet. The US dollar index steadied at 97.22 after jumping 1% on Friday. The Japanese yen was down 0.4% to 155.39 per dollar. Euro last stood at $1.1848, while Sterling was down 0.05% to $1.3680.

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