Silver Trades Higher at ₹320/g on February 4 After Steep Slide: Rates Across Major Cities
Gold rate today: MCX gold rises above ₹1.48 lakh per 10 grams; silver jumps over 6%
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.
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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