Gold, Silver Rates Today LIVE: COMEX gold below $4,800/oz, silver tanks 8% — how to trade?

Gold and silver prices continues to retrace from its record highs. After a dead-cat bounce on Tuesday and Wednesday, the precious metal witnessed heavy sell-off on Thursday. This selling continues during the early morning session on Friday as the COMEX gold rates slipped below $4,800/oz mark and made an intraday low of $4,671.14. Likewise, the COMEX silver rate today witnessed heavy sell-off in the early morning session. At 6:40 AM on Friday, the COMEX silver price is trading at $70.250/oz, which is around 8.50% lower from its Thursday's close.

Even with the recent near-term volatility, we remain firmly bullish on gold over the medium term on the back of a clean, structural, ongoing diversification trend.

— JP Morgan report

Yesterday, both metals pulled back from highs but closed with modest gains amid renewed U.S. dollar strength and mixed macro signals, with ADP January private payrolls rising just 22K vs. expected 48K, while ISM Services PMI surprised higher at 53.8. Currently, spot gold and silver are attempting to recover above $4,900/oz and $78/oz, though prices are likely to remain choppy ahead of U.S. JOLTS job openings, weekly unemployment claims, and broader commodities weakness.

— Kaynat Chainwala, AVP Commodity Research, Kotak Securities

Spot gold and silver slipped below $4,800/oz and $75/oz respectively after two days of recovery, weighed down by a tech-led selloff and uncertainty around monetary policy under the incoming Fed Chair. Markets are assessing Kevin Warsh’s policy stance amid President Trump’s comments pointing to imminent rate cuts, contrasted by Fed Governor Lisa Cook’s warning on upside inflation risks and limited scope for near-term easing.

— Kaynat Chainwala, AVP Commodity Research, Kotak Securities

The COMEX gold is trading in a broader range of $4,450/oz to $5,200/oz, whereas the MCX gold rate today is in ₹1,35,000 to ₹1,60,000 per 10 gm range. Likewise, the COMEX silver is in a broader range of $70/oz to $95/oz, while the MCX silver rate today is in a broader range of ₹2,25,000 per kg to ₹2,60,000 per kg. A bullish or a bearish trend can be assumed on the breakage of either side of this range.

— Anuj Gupta, a SEBI-registered market expert

Despigte the recent dead-cat bounce after sharp selling on Friday and Monday, the MCX silver rate today is trading at ₹2,45,500 per kg, which is nearly ₹1,75,000 below its record high of ₹4,20,048 per kg, which was made on Friday last week. So, the MCX silver price has crashed ₹1,75,000 per kg in just five sessions.

After showing some signs of recovery during the afternoon session on Thursday, gold and silver prices finally succumb to the selling pressure and hit a new intraday low on COMEX and MCX. The MCX gold hit a new intraday low of $4,809.56/oz, whereas the MCX gold rate today hit an intraday low of ₹1,48,455 per 10 gm.

Likewise, the COMEX silver hit an intraday low of $71.528/oz, while the MCX silver rate today made an intraday low of ₹2,30,499 per kg.

MCX silver rates dropped 12.03% or ₹32,350 to ₹2,36,500 at 8:57 pm today.

At 8:45 pm on Thursday, the MCX silver rate was ₹2,38,212 per kilo, down by 11.4% or ₹30,638.

MCX gold rate stood at ₹1,50,364 per 10 grams, up by 0.75% or ₹1,120 at 8:23 pm on Thursday.

Economist Peter Schiff warned about the future of the US dollar in an interview with Fox Business that quickly went viral across X.

“The dollar is going to collapse. The dollar is going to be replaced by gold. We are headed for an economic crisis that will make the 2008 financial crisis seem like a Sunday school picnic," he said.

Bitcoin dropped below $70,000 today amid growing negative momentum across cryptocurrencies.

The recent decline occurs as digital assets lose support from almost every narrative that previously drove demand. Bitcoin is no longer serving as a hedge; it fails to rise alongside gold during times of geopolitical tension, Bloomberg reported.

According to Jateen Trivedi, VP Research — Commodity & Currency at LKP Securities, “Gold traded weakly below $4,875, down nearly $100 or 2%, with MCX Gold opening around ₹1,000 lower, reflecting the sharp decline in CME prices. The focus now shifts to US non-farm payrolls and unemployment data, which could set the next directional tone.”

As geopolitical tensions eased, commodity prices fell. Iran and the US have agreed to hold talks in Oman on Friday, while President Donald Trump said he had “very positive” talks with President Xi Jinping on Wednesday. Prices of commodities, from crude oil to copper, dived as global tensions eased.

According to Gaurav Garg, Research Analyst at Lemonn Markets Desk, “Despite the near‑term correction, key support areas around ₹1.45  lakh to ₹1.48 lakh for gold and ₹2.35 lakh to ₹2.50 lakh for silver are being watched for fresh accumulation, with medium‑term structure still seen as constructive amid broader macro uncertainty.”

MCX silver price crashed 10% today amid a broader sell-off in precious metal prices globally. MCX silver rate declined by ₹26,844, or 9.98%, to an intraday low of ₹2,42,006 per kilogram on Thursday afternoon.

On Wednesday, gold prices closed 11% below the all-time high reached on January 29; however, the yellow metal remained up 15% for the year. Silver prices moved higher.

At 5:43 pm on Thursday, the MCX silver rate was ₹2,46,427 per kilo, down by 8.34% or ₹22,423.

MCX gold rate stood at ₹1,50,700 per 10 grams, down by 0.98% or ₹1,456 at 5:30 pm on Thursday.

The broader range of the COMEX silver rate today is $70 to $95 per ounce, with a minor hurdle in between at $88/oz. One should maintain a buy-on-dips strategy until the COMEX silver price is sustaining above $70 per ounce. On breaking above the $95 hurdle, we can expect a fresh bull run in the precious white metal.

— Anuj Gupta, a SEBI-registered commodity expert

On Wednesday, both metals pulled back from highs but closed with modest gains amid renewed U.S. dollar strength and mixed macro signals: ADP January private payrolls rose just 22K vs. expected 48K, while ISM Services PMI surprised higher at 53.8. Currently, spot gold and silver are attempting to recover above $4,900/oz and $78/oz, though prices are likely to remain choppy ahead of U.S. JOLTS job openings, weekly unemployment claims, and broader commodities weakness.

— Kaynat Chainwala, AVP — Commodity Research at Kotak Securities

Spot gold and silver slipped below $4,800/oz and $75/oz, respectively, after two days of recovery, weighed down by a tech-led selloff and uncertainty around monetary policy under the incoming Fed Chair. Markets are assessing Kevin Warsh’s policy stance amid President Trump’s comments pointing to imminent rate cuts, which contrast with Fed Governor Lisa Cook’s warning about upside inflation risks and the limited scope for near-term easing.

— Kaynat Chainwala, AVP — Commodity Research at Kotak Securities

Strong buying interest is visible in the $70–$75 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–$88, 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.

— Ponmudi R, CEO at Enrich Money

Strong buying interest is evident in the ₹2,35,000 to ₹2,50,000 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 to ₹3,25,000 in the coming periods.

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.

— Ponmudi R, CEO at Enrich Money

Despite the near‑term correction, key support areas around ₹1.45  lakh to ₹1.48 lakh for gold and ₹2.35 lakh to ₹2.50 lakh for silver are being watched for fresh accumulation, with medium‑term structure still seen as constructive amid broader macro uncertainty.

— Gaurav Garg, Research Analyst at Lemonn Markets Desk

Strong buying interest is seen in the ₹1,45,000 to ₹1,48,000 support area. A sustained hold above this base, along with a breakout above ₹1,55,000 to ₹1,60,000, could revive upside momentum toward ₹1,65,000 to ₹1,75,000, keeping the medium-term outlook positive despite ongoing volatility.

Ponmudi R, CEO at Enrich Money

MCX Silver futures are trading near the ₹2,50,000 to ₹2,60,000 zone after a sharp correction from record highs around ₹4,20,000. While the long-term bullish structure remains intact, the steep pullback has pushed prices below major moving averages, indicating short-term bearish pressure and an ongoing corrective phase.

— Ponmudi R, CEO at Enrich Money

MCX Gold futures are trading near the ₹1,49,000 to ₹1,55,000 zone after a sharp correction from record highs around ₹1,80,000 to ₹1,81,000. While the earlier rally led to overextended momentum and profit booking, the broader bullish structure remains intact. Prices are holding above key long-term trendlines and major moving averages, indicating the move is a healthy consolidation rather than a trend reversal.

— Ponmudi R, CEO at Enrich Money

The short-term trend remains slightly weak, with resistance seen near $5,000 on Comex and ₹1,56,000 on MCX, while support is placed around $4,700 to $4,750 and ₹1,48,000, respectively.

— Jateen Trivedi, VP Research — Commodity & Currency at LKP Securities

Gold traded weakly below $4,875, down nearly $100 or 2%, with MCX Gold opening around ₹1,000 lower, reflecting the sharp decline in CME prices. The focus now shifts to US non-farm payrolls and unemployment data, which could set the next directional tone.

— Jateen Trivedi, VP Research — Commodity & Currency at LKP Securities

The COMEX silver rate today opened downside and continue to remain under bears' pressure. The precious metal made an intraday low of $73.383 per ounce during the Thursday dealings. However, the white metal price recovered and currently quoting around $78.50/oz.

Extending the morning losses, the COMEX gold slipped below $4,900 per ounce level and hit an intraday low of $4,809.56 per ounce. Currently, the precious yellow metal is trading around $4,885 per ounce, losing around 1.40% against the Wednesday's close price.

Gold and silver prices reversed recent gains today, with MCX gold slipping about 3% and trading around the ₹1.49 – 1.55 lakh per 10 g zone after a sharp rally earlier in the week. MCX silver also corrected deeply, down around 8–10%, as selling pressure intensified and short‑term profit‑booking dominated trade. The pullback comes as global safe‑haven demand eased with the U.S. dollar strengthening and geopolitical risk premiums cooling off, prompting traders to unwind extended positions.

— Gaurav Garg, Research Analyst at Lemonn Markets Desk

Gold, Silver Rates Today LIVE: Geopolitical tensions eased, leading to a fall in commodity prices. Iran and the US have agreed to hold talks in Oman on Friday, while President Donald Trump said he had “very positive” talks with President Xi Jinping on Wednesday. Prices of commodities, from crude oil to copper, dived as global tensions eased.

Gold, Silver Rates Today LIVE: Bitcoin price was on the cusp of breaking below the key $70,000 level. Bitcoin fell 2%, having dropped as much as 3.5% earlier during the Asian session to $70,052.38, its lowest level since November 2024. Ether price fell 0.7% to $2,111.34. A drop below $2,000 would mark the first time the world’s second-largest cryptocurrency has breached that level since May last year.

Gold, Silver Rates Today LIVE: MCX gold price jumped more than 3% from its day’s low, witnessing a sharp recovery. The yellow metal touched an intraday high of ₹1,54,200 per 10 grams, rising as much as ₹5,745, or 3.86%, from its low of ₹1,48,455 level. MCX gold rate was trading higher by ₹548, or 0.36%, at ₹1,53,594 per 10 grams.

Gold, Silver Rates Today LIVE: Silver exchange-traded funds (ETFs) declined sharply after silver futures opened sharply lower on the MCX, breaking a two-day winning run. Silver ETFs witnessed up to 21% decline during the session. Axis Silver ETF dropped to an intraday low of ₹216.86 from the previous close of ₹275, marking a fall of about 21%. Other funds, including HDFC Silver ETF, ICICI Prudential Silver ETF, Edelweiss Silver ETF, SBI Silver ETF and Kotak Silver ETF, fell between 12% and 17% during the day.

Gold, Silver Rates Today LIVE: Spot gold and silver slipped below $4,800/oz and $75/oz respectively after two days of recovery, weighed down by a tech-led selloff and uncertainty around monetary policy under the incoming Fed Chair. Currently, spot gold and silver are attempting a recovery above $4,900/oz and $78/oz, though prices look likely to remain choppy ahead of the US JOLTS job openings, weekly unemployment claims, and broader commodities weakness, said Kaynat Chainwala, AVP Commodity Research, Kotak Securities.

Gold, Silver Rates Today LIVE: MCX gold rate today recovered early losses to trade flat. The yellow metal was trading at ₹1,52,913 per 10 grams level, down by ₹133, or 0.09%. MCX silver price was down by ₹17,750, or 6.60%, at ₹2,51,100 per kilogram.

Gold, Silver Rates Today LIVE: Multi Commodity Exchange Clearing Corporation, part of the MCX, has levied an additional margin on gold and silver futures. MCXCCL said that in view of periodic review of adequacy of risk management measures and to mitigate systemic risk, it is decided to levy an Additional Margin of 4.5% in Silver Futures contracts (all variants) & 1% in Gold future contracts (all variants) with effect from Thursday, February 05, 2026.

Moreover, an Additional Margin 2.5% in Silver Futures contracts (all variants) & 2% in Gold future contracts (all variants) with effect from Friday, February 06, 2026 over and above margin levied on Thursday.

This means that the total additional margin from Friday for Gold futures will be 3%, while for Silver it will be 7% across futures contracts.

Gold, Silver Rates Today LIVE: While the broader bullish structure for Comex silver price remains intact on higher timeframes, the steep pullback has pushed prices below key moving averages, indicating short-term bearish pressure and an extended corrective phase. Strong buying interest is visible in the $70–$75 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–$88, 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, CEO of Enrich Money.

Gold, Silver Rates Today LIVE: COMEX gold price is trading below key moving averages, indicating short-term downward pressure and a corrective phase rather than a reversal of the broader trend. Strong buying interest is evident in the $4,700–$4,800 support band, and sustained stability above this area could pave the way for renewed upside, with a breakout above $5,100–$5,200 opening the path toward prior record highs, said Ponmudi R, CEO of Enrich Money.

Gold, Silver Rates Today LIVE: MCX gold rate saw a sharp rebound and recovered all morning losses to trade in green. MCX gold price was trading higher by ₹429, or 0.28%, at ₹1,53,475 per 10 grams level.

Gold, Silver Rates Today LIVE: While the long-term bullish structure remains intact in MCX silver price, the steep pullback has pushed prices below major moving averages, indicating short-term bearish pressure and an ongoing corrective phase. Strong buying interest is evident in the ₹2,35,000 – ₹2,50,000 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.

He believes 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 LIVE: The dollar climbed to a two-week high as fresh volatility gripped stocks and precious metals, while traders counted down to rate decisions from the European Central Bank and the Bank of England. The US dollar index, which measures the greenback’s strength against a basket of six currencies, was last up 0.1% at 97.762, extending gains into a second day.

Gold, Silver Rates Today LIVE: MCX gold price is holding above key long-term trendlines and major moving averages, indicating the move is a healthy consolidation rather than a trend reversal. Strong buying interest is seen in the ₹1,45,000 – ₹1,48,000 support area. A sustained hold above this base, along with a breakout above ₹1,55,000 – ₹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 LIVE: MCX silver price crashed 10% on Thursday amid a broader sell-off in previous metal prices globally. MCX silver rate declined by ₹26,844, or 9.98%, to an intraday low of ₹2,42,006 per kilogram.

Gold, Silver Rates Today LIVE: Geopolitical tensions seem to be easing, reducing safe-haven appeal for gold and silver. Iran and the US have agreed to hold talks in Oman on Friday, officials on both sides said. China is considering buying more US-farmed soybeans, US President Donald Trump said after what he called “very positive” talks with his Chinese counterpart Xi Jinping on Wednesday.

Gold, Silver Rates Today LIVE: Gold and silver prices fell sharply as an advance in the dollar to a near two-week high and signs of easing US-China trade tensions added pressure on precious metals.

Spot gold price declined 1.7% to $4,876.12 per ounce, retreating from a near one-week high hit earlier in the session. US gold futures for April delivery were down 1.1% at $4,896.30 per ounce. Spot silver price plummeted 12.4% to $77.09 an ounce. Last week, the precious metal touched a record high of $121.64.