Gold, Silver Rates Today Highlights: MCX gold rate falls below ₹1.58 lakh per 10 gm, silver price cracks 2%

Gold, Silver Rates Today Highlights: MCX gold rate was trading lower by ₹766, or 0.48%, at ₹157300 per 10 grams level. MCX silver price was down by ₹4,729, or 1.80%, at ₹257891 per kilogram.

Gold, Silver Rates Today LIVE: MCX silver price for March futures contracts opened at ₹2,59,997 per kilogram, down by ₹2,623, or 1%, from its previous close of ₹2,62,620 level.

Gold, Silver Rates Today LIVE: MCX gold rate today for April futures contracts opened lower on Tuesday, following a drop in international bullion prices. MCX gold price opened lower by ₹2,065, or 1.30%, at ₹1,56,001 per 10 grams as against its previous close of ₹1,58,066 level.

Gold, Silver Rates Today LIVE: Silver slipped about 2% to below $82 per ounce. Silver prices remain down about 33% from its all-time high reached on January 29 right before a selloff that wiped out nearly 50% of its value. Treasury Secretary Scott Bessent attributed the extreme swings in the metals market to Chinese traders, describing the recent rally as a speculative blowoff.

Investors are now turning their attention to the delayed US jobs and inflation reports due this week for guidance on the Federal Reserve’s policy path. The central bank is widely expected to keep interest rates steady in March, with two rate cuts priced in for later in the year.

Jigar Trivedi, Senior Research Analyst at IndusInd Securities expects MCX silver price for March futures contracts to decline to ₹2,58,000 per kg as the trend is weak in the international markets too.

Gold, Silver Rates Today LIVE: In the commodity market, spot platinum prices fell 1.6% to $2,088.71 per ounce, while palladium price declined 1.7% to $1,710.68.

Gold, Silver Rates Today LIVE: Spot silver price declined 2.5% to $81.31 an ounce, after rising nearly 7% in the previous session. Silver price had hit an all-time high of $121.64 on January 29.

Gold, Silver Rates Today LIVE: Spot gold price fell 1% to $5,016.56 per ounce. The fall comes after the yellow metal gained 2% in the previous session, as the dollar weakened to a more than one-week low. Gold prices had scaled a record high of $5,594.82 per ounce on January 29. US gold futures for April delivery lost 0.8% to $5,041.60 per ounce.

Gold, Silver Rates Today LIVE: Gold and silver traded lower on Tuesday, following two straight sessions of gains, as the dollar edged higher from a more than one-week low.

Silver prices were trading 5.77% or ₹14,408/kg higher at ₹264,300/kg as of 10:56 pm (IST) on 9 February 2026, compared to ₹249,892/kg, according to the Multi-Commodity Exchange (MCX) data.

Gold prices on the Multi-Commodity Exchange (MCX) were trading 2.12% or ₹3,300 per 10 grams higher at ₹158,751 per 10 grams as of 9 February 2026, compared to ₹155,451 per 10 grams, according to the exchange data.

Analysts at Kedia Advisory, in a commodity note, said that silver prices outperformed gold prices on Monday's trading session as investors broadened exposure to safe-haven assets.

“Gold futures moved higher on Monday, once again reclaiming the $5,000 level as investors sought safety amid rising global uncertainty. The rally was supported by developments overseas, including a decisive election victory for Japan’s conservative bloc, which is expected to pursue increased fiscal spending,” said the analyst.

“Gold gained over 1% on the session, while silver outperformed, surging more than 3% as investors broadened exposure to safe-haven assets,” according to Kedia Advisory. “Silver prices rebounded sharply, rising more than 6% to around $83 per ounce, extending a recovery from last week’s historic liquidation that briefly wiped out nearly half of its value.”

Gaurav Garg, Research Analyst at Lemonn Markets Desk, said that the precious yellow metal gold will have a key support level at the range of ₹1.54 lakh to ₹1.55 lakh, while the silver will have a support at the range of ₹2.40 lakh to ₹2.45 lakh in the near term.

“Overall, market sentiment remains cautiously bullish amid ongoing macro uncertainty,” said the commodity market expert.

Garg also said that the gold and silver prices recovered after last week’s sharp swings, as traders positioned ahead of macro data and policy cues. Silver prices remained more volatile, reflecting speculative flows and short-term profit-booking.

The precious metal prices were fueled by the domestic buying interest and global cues, while profit booking was seen near intraday high levels.

Gold prices in Mumbai were at ₹158,560 per 10 grams on Monday, 9 February 2026, while the silver rates were at ₹263,710 per kilogram, according to India Bullions data.

Gold prices in New Delhi were at ₹157,100 per 10 grams in New Delhi on Monday, 9 February 2026, while the silver rates were at ₹259,600 per kilogram, according to India Bullions data.

“Prices rallied on strong central bank buying. China's central bank extended its gold buying spree for a 15th month in January. Meanwhile, further upside was capped as CME group again raised margin requirements for Gold and Silver futures. This would be the third time in 2 weeks,” said the analysts at ICICI Securities.

Rich Dad Poor Dad author and market investor, Robert Kiyosaki, responding to a question on X, said that if he is forced to choose between gold and Bitcoin, his preference would be the digital gold.

“Because gold is in theory infinite. When the price of gold rises, more gold miners, which I am….will dig more,” said Kiyosaki.

He also noted that higher prices incentivise increased production. This elasticity of supply, according to Kiyosaki, limits gold’s long-term upside.

Read more: Robert Kiyosaki explains why digital gold is a better investment 

Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. 

Gold prices on the Multi-Commodity Exchange (MCX) are trading 1.28% or ₹1,997 per 10 grams higher at ₹157,448 per 10 grams as of 8:04 pm (IST), compared to ₹155,451 per 10 grams at the previous commodity market close.

Silver prices are trading 2.01% or ₹5,029/kg higher at ₹254,921/kg as of 7:41 p.m. (IST), compared to ₹249,892/kg, according to the data collected from the Multi-Commodity Exchange (MCX) data.

Long-term private investor Ajay Bagga, in a social media post on X, said that the Comex gold jumped above the $5,000/ounce as the commodity market buyers returned to the market amid the market dip.

“Gold climbed above $5,000 an ounce, as dip-buyers returned to the market after an exceptionally volatile week for precious metals. Bullion rose as much as 1.7% in Asian trading on Monday, recovering some more ground after a historic rout at the end of last month. The metal has recovered around half of the losses sustained since it plunged from an all-time high hit on Jan. 29. Silver also advanced,” said the expert in a social media post on X.

“Precious metals had been on a record-breaking ascent, driven by heightened geopolitical risks, the debasement trade and concerns about the Federal Reserve’s independence,” said Ajay Bagga.

The surge in gold inflows in 2025 was not driven by a single factor, but by a rare alignment of macro, financial, and behavioural forces that reinforced each other. First, persistent geopolitical and geoeconomic tensions increased demand for assets that are independent of sovereign risk and financial systems, positioning gold as a preferred hedge.

Second, declining real rates and rising bond-market uncertainty enhanced gold appeal as an “all-weather” portfolio diversifier. We highlighted the relationship between gold prices and real rates in our note during October 2025*, as gold becomes increasingly competitive when fixed income offers limited protection.

Finally, record gold prices accelerated a structural shift in key markets such as India and China, away from jewellery consumption and toward lower-margin investment formats including bars, coins, and ETFs. Gold demand did not disappear; rather, it changed form, increasingly favoring investment channels.

ETF flows are indicative of an emerging and bigger theme. India is gradually becoming a “gold investment” market, not just a jewellery market.

— Rochan Pattnayak, Chief Investment Officer, Choice AMC Limited

On a global level, in the medium-term gold prices could be driven primarily by investment flows rather than jewellery demand. Investors should monitor ETF inflows, US Dollar, Real Rates (US Treasuries Less Inflation Rate), geopolitical risk, and central bank purchases as the most immediate triggers. With retail and institutional demand channels strengthening and supply response still muted, gold remains well supported unless financial flows reverse materially.

— Rochan Pattnayak, Chief Investment Officer, Choice AMC Limited

Gold and silver prices traded in the green in the evening session on the MCX, although they declined from their peak. Silver MCX futures were trading 2.6% higher at ₹256561 per kg. Meanwhile, gold MCX futures traded at ₹157351 per 10 grams, up 1.2%.

Gold-linked ETFs have witnessed a near-term pullback following strong gains through 2025 and early 2026. The correction has largely been driven by profit-taking and shifting macro expectations, including a perceived pause in the US Federal Reserve’s easing cycle.

The Federal Reserve is widely expected to hold rates steady after three consecutive cuts since September 2025. This shift in policy expectations contributed to gold prices retreating by approximately 2–8% from recent highs before rebounding modestly over the past week. Importantly, this correction does not undermine gold’s longer-term strategic relevance. The broader macro environment remains supportive, with limited supply growth, continued geopolitical uncertainty, and central bank demand expected to remain solid at levels close to those seen in 2025.

Investors should therefore approach gold with disciplined allocation rather than tactical overreaction. A calibrated exposure (for example, 10–15% of a diversified portfolio, depending on risk profile) can help strengthen resilience without resorting to concentrated bets during short-term volatility.

— Rochan Pattnayak, Chief Investment Officer, Choice AMC Limited

Silver jumped more than 6 per cent towards USD 82 per ounce on Monday, while gold prices rose over USD 5,000 per ounce, their highest level in over a week, supported by a weaker US dollar, Jigar Trivedi, Senior Research Analyst at IndusInd Securities, told PTI.

He added that traders continued to buy the precious metals after a historic selloff that erased nearly half of silver's value.

Broader fundamentals still support bullion through 2026, driven by central bank buying, fiscal concerns and geopolitical risks, though near-term volatility is likely to remain elevated. Focus this week will be on US retail sales, Inflation, PMI data and US non farm payrolls which was delayed from last week, said Manav Modi Commodities Analyst Motilal Oswal Financial services Ltd.

Gold is both a monetary asset and a safe-haven asset. Over a longer investment horizon and under normal market conditions, gold and risk assets such as equities generally do not exhibit a strong direct correlation. Although gold is a non productive asset, its role as a store of value and a hedge against uncertainty makes it an essential component of a well diversified portfolio. There should always be some allocation to gold, as it acts as both a store of value and a form of insurance against deterioration in the overall health of the economy.

— NS Ramaswamy, Head of Commodity & CRM, Ventura.

"Silver is more of a risk asset than gold... when risk appetite is strong, you tend to see silver outperform gold," said Fawad Razaqzada, market analyst at City Index and FOREX.com told Bloomberg.

The gold-silver ratio has declined to 61.87 today as the silver prices jumped 4%, beating the 1.5% rise seen in gold today.

The compression in the gold–silver ratio from above 100 to around 60 does not mean the silver opportunity is over; it signals a cool-off after a powerful re-rating, according to Harshal Dasani of INVasset PMS.

Gold is a highly liquid asset, which is no one’s liability, carries no credit risk, and is scarce, historically preserving its value over time. It also benefits from diverse sources of demand: as an investment, a reserve asset, jewellery, and a technology component. These attributes mean gold can enhance a portfolio in three key ways:

• Delivering long-term returns
• Improving diversification
• Providing liquidity

Source: WGC

Angel One Asset Management Company Limited, a wholly owned subsidiary of Angel One Limited, announced the launch of Angel One Silver ETF and Angel One Silver ETF FOF.

The New Fund Offers (NFOs) are open for subscription from 09th February 2026 and close on 19th February 2026 for the ETF, while the FOF will remain open until 23rd February 2026.

Gold, Silver Rates Today: Gold and silver prices recovered after last week’s sharp swings, as traders positioned ahead of macro data and policy cues. Silver prices remained more volatile, reflecting speculative flows and short-term profit-booking. Domestic buying interest and international cues lifted prices, while profit-taking was seen near intra-day highs. Near-term consolidation is likely, with key support levels for gold at ₹1.54 lakh – ₹1.55 lakh and silver at ₹2.40 lakh – ₹2.45 lakh. Overall, market sentiment remains cautiously bullish amid ongoing macro uncertainty, said Gaurav Garg, Research Analyst at Lemonn Markets Desk.

Gold, Silver Rates Today: Gold and silver extended gains, with the yellow metal trading just above $5,000 per ounce as the dollar dipped. Spot gold price rose 0.9% to $5,004.61 per ounce, after a 4% climb on Friday. US gold futures for April delivery gained 1% to $5,026.30 per ounce. Spot silver price climbed 3.7% to $80.89 per ounce after a near 10% gain in the previous session. It hit an all-time high of $121.64 on January 29.

Gold, Silver Rates Today: Author and investor Robert Kiyosaki weighed in on the long-running debate between gold and Bitcoin, arguing that while both have a place in a diversified portfolio, Bitcoin is the superior long-term investment. Responding to a common question on asset allocation in a social media post on X on Monday, February 9, the Rich Dad Poor Dad author said he personally owns gold, silver and Bitcoin, but if forced to choose between gold and Bitcoin, his preference would be digital gold. The reason? He said it comes down to supply dynamics. Read here

Gold, Silver Rates Today: Gold and silver exchange traded funds (ETFs) staged a strong rebound on February 9, mirroring the sharp recovery in precious metal prices after a period of intense volatility that rattled investors.

Silver ETFs dominated the session, clocking double-digit gains across the board. Axis Silver ETF rallied nearly 12% to hit an intraday high of ₹264.69, making it the top performer among precious metal funds. UTI Silver ETF and Groww Silver ETF followed closely, rising around 11% each.

Gold ETFs also participated in the rebound, though gains were comparatively modest. Angel One Gold ETF, LIC MF Gold ETF and Zerodha Gold ETF jumped about 5% each. Other funds such as Kotak Gold ETF, Motilal Oswal Gold ETF, Nippon India Gold ETF, SBI Gold ETF and Mirae Asset Gold ETF recorded gains of around 3%.

Gold, Silver Rates Today: While the broader bullish structure remains intact on higher timeframes, the steep pullback has pushed Comex silver prices below key moving averages, indicating short-term bearish pressure and an extended corrective phase. Strong buying interest is visible in the $65–$70 support band, aligned with prior swing lows and long-term trend support. A sustained hold above this base, followed by a recovery and close above $85–$92, could revive upside momentum toward $95–$105 and potentially retest previous highs, while the medium- to long-term outlook stays constructive on steady industrial demand and structural supply constraints despite elevated volatility, said Ponmudi R.

Gold, Silver Rates Today: The broader uptrend in Comex gold price remains intact, with the pullback reflecting profit booking and healthy price digestion. Prices are trading above key moving averages, indicating the correction is maturing and could set the stage for renewed upside momentum. Strong buying interest is evident in the $4,500 – $4,700 support band, and sustained stability above this area could pave the way for renewed upside, with a breakout above $5,200–$5,300 opening the path toward prior record highs, said Ponmudi R, CEO of Enrich Money.

Gold, Silver Rates Today: MCX silver price was trading higher at ₹2,62,400 per kilogram, up by ₹12,508, or 5.01%. Silver price touched an intraday high of ₹2,64,885, jumping as much as 6% from previous close.

Gold, Silver Rates Today: MCX gold price was trading higher by ₹2,281, or 1.47%, at ₹1,57,732 per 10 grams. The yellow metal price hit an intraday high of ₹1,58,500 level.

Gold, Silver Rates Today: While the long-term bullish structure remains intact, the steep pullback has pushed MCX silver prices below major moving averages, indicating short-term bearish pressure and an ongoing corrective phase. Strong buying interest is evident in the ₹2,25,000 – ₹2,60,000 support band, aligned with prior swing lows and longer-term structural support. A sustained hold above this base, followed by a decisive recovery, could revive upward momentum toward ₹3,00,000 – ₹3,25,000 in the coming periods, said Ponmudi R, CEO of Enrich Money.

According to him, dips toward support continue to offer accumulation opportunities for positional traders; however, a decisive break below these levels could accelerate downside pressure and extend the correction, even as the broader medium- to long-term outlook remains structurally positive.

Gold, Silver Rates Today: The broader uptrend structure remains supportive, with MCX gold prices holding above important long-term support zones. Strong buying interest is seen in the ₹1,45,000 – ₹1,50,000 support area. A sustained hold above this base, along with a breakout above ₹1,60,000, could revive upside momentum toward ₹1,65,000 – ₹1,75,000, keeping the medium-term outlook positive despite ongoing volatility, said Ponmudi R, CEO of Enrich Money.

Gold, Silver Rates Today: China's central bank extended its gold buying spree for a 15th month in January, data from the People's Bank of China (PBOC) showed on Saturday. The country’s gold holdings rose to 74.19 million fine troy ounces by the end of January, up from 74.15 million the previous month, Reuters reported. The value of China's gold reserves increased to $369.58 billion at the end of last month from $319.45 billion a month earlier, according to the PBOC.

Gold, Silver Rates Today: The trend for MCX silver price today remains positive. According to Ajay Kedia, MCX silver price today may face resistance at ₹2,71,700 per kg level and support is placed at ₹2,56,400 level.

Gold, Silver Rates Today: The trend for MCX gold price today remains positive. According to Ajay Kedia, Director, Kedia Advisory, MCX gold price today may face resistance at ₹1,58,580 level and support is seen at ₹1,51,930 level.

Gold, Silver Rates Today: MCX gold rate traded higher by ₹2,174, or 1.40%, at ₹1,57,625 per 10 grams. It hit a high of ₹1,58,500 level. MCX silver price traded higher by ₹12,201, or 4.88%, at ₹2,62,093 per kg, after hitting a high of ₹2,64,885 level.

Gold, Silver Rates Today: MCX silver price today for March futures contracts opened higher by ₹9,995, or 4%, at ₹2,59,887 per kilogram, as against its previous close of ₹2,49,892 level.

Gold, Silver Rates Today: MCX gold rate today for April futures contracts opened 0.35% higher at ₹1,56,000 per 10 grams level as against its previous close of ₹1,55,451 level.

Gold, Silver Rates Today: According to Jigar Trivedi, Senior Research Analyst at IndusInd Securities, MCX gold price for April futures contracts is expected to experience a positive undertone. According to him, the resistance for MCX gold rate is ₹1,58,000 per 10 grams for intraday today.

Gold, Silver Rates Today: The US dollar weakened to its lowest level since February 4 after a US Federal Reserve official said there’s room to cut interest rates. The dollar index dipped 0.1%, following Friday’s 0.3% drop. San Francisco Federal Reserve President Mary Daly said she thinks one or two more interest rate cuts may be needed to counteract weakness in the US labour market. Lower interest rates could reduce the greenback’s appeal, making greenback-priced metals cheaper for overseas buyers.