Gold Silver Price Update: Gold Dips to Rs 1.5 Lakh, Silver Sheds Rs 16,000 Amidst Market Volatility
The Indian commodity market saw significant price fluctuations today. Investors and buyers were left to navigate sharp moves on the Multi-Commodity Exchange. After a short rally this past week, Gold and silver experienced significant volatility amid global economic factors.
Market data is mixed for investors. Futures markets declined, while retail gold prices remained resilient. Analysts observing today’s trading noted that “gold showed modest gains following a post Budget dip,” while the silver futures market remains under pressure despite a recovery in physical gold prices.
The Gold-Silver price fluctuated dramatically on the MCX. On February 5, Gold traded at Rs 1,50269 for 10 grams, a decrease of Rs 2777 (1.82%) from its previous closing. Gold’s price fluctuated dramatically during the session, reaching a peak of Rs 1,51,948 before falling to Rs 148 455.
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Silver’s decline was even more dramatic. Silver futures were trading at Rs 2,52,719 per kg in early trading, a huge drop of Rs 16,131, or 6.00 per cent. Metal fluctuated from a maximum of Rs 258 096 to a minimum of Rs 2.52 719. Silver stock prices fell nearly 15% on the stock exchange, reflecting heavy selling pressure.
The physical market has a different view despite the futures slump. Retail 24K gold was priced at Rs 1,559,440 for 10 grams. This is an increase of Rs 5,510. Retail silver prices have also risen to Rs 3,20.100 per kilogram from their recent lows. The divergence in prices between the physical and futures markets is a sign of the complex nature of the Gold Silver Price environment.
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Data for major Indian cities on February 5, 2026, shows that rates will vary. Mumbai, Kolkata and Bengaluru all recorded prices of Rs 1,59,440 for standard 10-gram 24K gold. Delhi had slightly higher prices at Rs 1,55,590, while Chennai has the highest rates at Rs 1,625,560.
International factors heavily influence the Gold Silver Price Trends. The global silver price fell more than 16%, dropping below $75 per ounce. The decline in silver prices coincides with the resurgence of the US Dollar Index, which is trading at 98 points after hitting a four-year low in January. The stronger the dollar, the more it will pressure commodity prices and make them expensive to holders of other currencies.
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The Gold Silver Price is still uncertain. Gold contract for April 2026 closed at Rs 1,53390. This is a slight daily variation. Silver futures remain in the lower range, suggesting selling pressure could persist in the short term. It is important for investors to monitor global currency fluctuations closely.
Multi-Commodity Exchange of India Limited is a cutting-edge electronic futures commodity exchange. The exchange facilitates online trading of futures contracts, enabling risk management and price discovery. It operates within the Securities and Exchange Board of India’s (SEBI) regulatory framework.
