Gold and Silver Prices Change on Indian Market

Prices for gold and silver on India's MCX are moving a lot. Sometimes they go up, and sometimes they go down. This is happening because of what's happening in the world and how people feel about investing.
By Newsroom | Commodities, India |

Recent shifts in gold and silver prices on India's Multi Commodity Exchange (MCX) reveal a complex market environment, marked by both upward movements and sharp declines. While silver futures have experienced significant volatility, including substantial drops after historic rallies, gold prices have shown more tempered gains. This situation prompts an examination of the factors influencing these precious metal markets and their potential sustainability.

The trading activity reflects a broader trend where precious metals are responding to global economic signals, investor sentiment, and geopolitical undercurrents. The MCX acts as a key platform for these transactions in India, closely linked to international commodity markets.

Gold and silver rate today LIVE: MCX silver, gold prices in India gain. Will this rally sustain? - Mint - 1

Current Market Activity and Price Movements

On the MCX, silver futures for March delivery have shown considerable instability. Reports indicate a significant percentage drop from previous closing prices, though specific figures vary across reporting periods. For instance, one report noted a 10% plunge, equating to ₹26,850, bringing the price to ₹2,42,000 per kg after closing at ₹2,68,850 per kg. This follows a period where silver had outperformed other precious metals.

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Gold prices on the MCX have also seen fluctuations. In one instance, gold opened with an upside movement, reaching an intraday high. Currently, gold prices are reported to be hovering within a range, with the MCX gold rate trading at ₹1,54,200 per 10 gm, representing a one percent increase from the previous day's close. However, earlier reports from early February 2026 indicated a decline, with 24-carat gold on the MCX falling to ₹1,36,185 per 10 grams.

Gold and silver rate today LIVE: MCX silver, gold prices in India gain. Will this rally sustain? - Mint - 2

The disconnect in reported prices and timings suggests a dynamic market where different data points capture distinct moments in time.

Underlying Market Drivers

Several factors appear to be influencing the price movements of gold and silver:

Gold and silver rate today LIVE: MCX silver, gold prices in India gain. Will this rally sustain? - Mint - 3

  • Global Economic Sentiment: A significant event impacting precious metals was a global sell-off in technology stocks, which extended to Asian markets. This sell-off was partly driven by investor concerns over high valuations and substantial spending on artificial intelligence.

  • Investor Behavior: The influx into assets perceived as safer, such as gold and silver, occurred amidst political uncertainty, concerns about high US stock market valuations, and increasing global government debt. However, this trend appears to be reversing as investors pull back from risky assets.

  • US Dollar Strength: A stronger US dollar has been cited as a pressure point for gold and silver, contributing to their decline in markets.

  • Technical Outlook: Commodity experts are monitoring crucial support and resistance zones, with Comex gold prices observed to be below key moving averages.

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"Precious metals fall on MCX" and "Gold, silver rates today LIVE updates: White Metal Slides After Historic Rally."

Contrasting Market Narratives

Evidence suggests divergent interpretations of the current market trends:

The Bullish Case (Short-Term Gains and Consolidation)

  • Some reports highlight recent gains in MCX gold and silver prices, suggesting a current upward momentum.

  • Gold's movement is described as indicating "healthy consolidation rather than trend reversal," implying a pause before potential further upward movement.

  • Gold prices in international markets have recovered, with spot gold showing an increase of over 1%.

The Bearish Case (Underlying Weakness and Downward Pressure)

  • Reports detail significant declines in silver prices, with instances of falling as much as 10% or 15% in Asian markets.

  • Gold and silver have fallen on MCX due to various pressures.

  • Comex silver prices have plunged below key levels, and Comex gold prices are noted to be below important moving averages.

  • Expert views flag crucial support and resistance zones, suggesting potential ceilings for price increases.

Expert Perspectives and Market Indicators

Industry experts are closely observing the market dynamics:

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Gold and silver rate today LIVE: MCX silver, gold prices in India gain. Will this rally sustain? - Mint - 4

  • Anuj Gupta, a SEBI-registered commodity expert, provides technical outlooks for Comex silver.

  • The presence of live updates on MCX gold and silver rates, city-wise rates, and even Dubai gold rates underscores the broad interest and ongoing analysis of these commodities.

  • The MCX itself serves as a venue for speculative trading and hedging against current price volatility, indicating its role in managing market risks.

"Gold & Silver Futures under pressure."

Conclusion and Implications

The Indian gold and silver markets, as reflected on the MCX, are currently navigating a period of significant volatility. While recent price action in some segments indicates a short-term rally, broader market indicators and expert analyses point to underlying pressures.

  • Silver has experienced a dramatic correction following a period of strength.

  • Gold has shown more resilience but remains within a defined trading range, with mixed signals regarding its immediate future trajectory.

  • The interplay of global economic sentiment, investor risk appetite, and currency movements is a critical determinant of future price performance.

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The question of whether the current rally in gold and silver will sustain remains open, contingent upon a complex interplay of global economic developments and investor confidence.

Key Sources

Frequently Asked Questions

Q: Why are gold and silver prices changing?
Prices change because of world events, how investors feel, and the value of the US dollar.
Q: Is silver price going down a lot?
Yes, silver prices have dropped significantly after going up a lot before.
Q: What is MCX?
MCX is a place in India where people buy and sell things like gold and silver.