In the Indian market, MCX gold futures were down 4.57 percent and silver by 13 percent. The sell-off in precious metals has largely been attributed to a shift from an extended rally fueled by global uncertainty and speculative buying. Gold and silver are currently experiencing a major crash, erasing much of their record gains in recent months. COMEX gold futures margins have been raised from 6 percent to 8 percent, while COMEX 5000 silver futures are reportedly set to increase from 11 percent to 15 percent. Gold, silver prices in India todayAt around 10 am on Monday, gold was priced at Rs 143,460 per 10 grams, down 3.22 percent.

Source: dna February 02, 2026 11:10 UTC