Gold And Silver Prices On MCX
Gold and Silver Price Shine Again: Precious Metals have returned to their primary role, which now attracts the attention of both traders and investors.
After recent profit-booking and global swings, MCX gold trades at ₹1,51,127 per 10 grams for 24K, while silver tumbles sharply to ₹2,44,654 per kilogram. The market moves between extreme emotional states because COMEX silver prices have reached record highs and the silver price gap between futures and retail prices in Indian metropolitan areas has reached ₹40,000. Buyers are hunting for support levels around ₹1,50,000 for gold, while silver investors nervously eye Fed signals and speculative unwindings. The object possesses a shiny quality that exhibits unpredictable behavior, making it impossible to predict who will win the object during today’s events.
Gold Prices Rebound on MCX Amid: As of February 5, 2026, gold on the MCX is trading at ₹1,51,127 per 10 grams for 24K gold, down 1.25% in today’s session. The prices reached their highest point of the day at ₹1,60,755 before they started to decline because traders wanted to secure their profits after reaching new peak levels. The gold mini contract (GOLDM) trades around ₹1,48,500 per 10 grams.
Market analysts suggest the dip represents an “orderly price digestion” following global COMEX gold breaking $5,000 per ounce earlier this week. Investor demand remains consistent even after the market correction because buyers are looking for support levels that exist around ₹1,50,000. The market will experience ongoing instability because of international economic doubts.
Silver Futures Soar on MCX: The MCX witnessed a 9% decline in silver prices, which reached ₹2,44,654 per kilogram on February 5, 2026. This decline occurred after global spot prices dropped more than 13% to reach below $75 per ounce. The opening price was ₹2,52,719, and futures hit a 4% lower circuit earlier, with some contracts previously near ₹2,80,000 per kg.
The market experienced a physical–retail price gap of ₹40,000 between futures contracts, which showed that traders faced difficulties in selling their assets. The silver price for retail customers in Delhi, Mumbai, and Pune stays at approximately ₹3,20,100 per kilogram. The rout is attributed to Kevin Warsh’s nomination as Fed Chair and the unwinding of speculative long positions, adding volatility after record January highs.
| City | 1kg Silver |
|---|---|
| Chennai | ₹3,00,000 |
| Mumbai | ₹3,00,000 |
| Delhi | ₹3,00,000 |
| Kolkata | ₹3,00,000 |
| Bangalore | ₹3,00,000 |
| Hyderabad | ₹3,00,000 |
| Kerala | ₹3,00,000 |
| Pune | ₹3,00,000 |
| Country | Local Currency Price | Price in INR |
|---|---|---|
| Dubai (UAE) | 5,862.50 United Arab Emirates Dirham | ₹1,43,834 |
| United States | 1,620 US Dollars | ₹1,46,500 |
| Canada | 2,215 Canadian Dollars | ₹1,46,520 |
| Bangladesh | 1,98,064 Bangladeshi Taka | ₹1,46,480 |
| Pakistan | 4,50,110 Pakistani Rupees | ₹1,45,480 |
| Ireland | 1,337.40 Euro | ₹1,42,543 |
(With Inputs from good returns and mcx)
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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