Gold rate today: MCX gold rises above ₹1.48 lakh per 10 grams; silver jumps over 6%

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Last Updated: 3rd February 2026 - 02:44 pm

Summary:

Gold and silver prices rose sharply on the Multi Commodity Exchange on February 3, tracking gains in global bullion markets. MCX gold climbed above ₹1.48 lakh per 10 grams, while silver advanced more than 6%. The rally followed a rebound in international prices amid thin economic data flow during a partial U.S. government shutdown.
 

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Gold and silver prices opened higher on the Multi Commodity Exchange of India (MCX) on Tuesday, following strength in international bullion markets.

MCX gold for April delivery opened 2.78% higher at ₹1,48,000 per 10 grams, compared with the previous close of ₹1,41,669. MCX silver for March delivery opened 4% higher at ₹2,45,711 per kg, against ₹2,36,261 earlier.
At 9:20 a.m., gold traded ₹4,685 higher, or 3.25%, at ₹1,48,676 per 10 grams. Silver was up ₹17,744, or 7.51%, at ₹2,54,005 per kg.

International prices

In the global market, spot gold rose 3.7% to $4,837.16 per ounce after touching a near one-month low in the previous session.

U.S. gold futures for April delivery gained 4.5% to $4,859.30 per ounce. Spot silver climbed 5.9% to $84.09 an ounce.

The rebound came amid limited economic data releases during a partial United States federal government shutdown, which reduced near-term macro triggers for traders.
Recent highs

Gold had scaled a record high of $5,594.82 last week, while silver touched a lifetime high of $121.64, before witnessing profit booking in the previous session.

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