Gold and Silver Prices in India Rise at Market Close on 9 February 2026: Silver Shows Stronger Intraday Gains

Gold and silver closed the trading day on Monday, 9 February 2026, with both precious metals posting gains in India after a bout of recent volatility. Prices ended higher across major cities, driven by firmer global bullion benchmarks and a softer US dollar, while domestic cues such as currency movement and equity market stability supported bullion demand. The fresh uptrend followed sharp corrections last week, with silver showing stronger intraday momentum than gold.

Silver and Gold Market Close Prices - Retail Physical Rates (Approx.)

Retail closing rates; local taxes and making charges may cause slight variation by dealer or region. Data reflects last available physical market updates.

Intraday Movement & Direction

Gold and silver began the session with gains in both spot and futures markets, extending the recovery seen over the weekend. MCX gold futures opened higher and traded with positive bias throughout most of the session, while silver futures showed broader intraday swings and stronger upside. By the close, gold futures settled notably above Friday’s levels, and silver futures recorded a more pronounced increase, underscoring persistent speculative interest and higher volatility in the white metal.

Physical retail prices in major metros reflected this trend, with 24‑karat gold hovering around ₹1.56 lakh per 10 g and silver near ₹3 lakh per kilogram — both marginally up compared with the previous session’s close.

Gold Rate Analysis

Gold’s performance today underscored its resilience amid a backdrop of broader market stability. The softer US dollar, a key global driver for bullion, reduced the cost of dollar‑denominated gold for holders of other currencies, buoying demand in international markets and filtering into domestic spot rates. This currency effect was amplified as the Indian rupee exhibited strength relative to last week, easing some import pressures.

Gold’s consolidative price action suggests renewed safe‑haven interest following last week’s sell‑offs. While bullion did not break sharply above recent resistance levels, the momentum at market close signalled reduced downside pressure and steady buyer participation in both retail and futures segments.

Silver Rate Analysis

Silver’s intraday performance was more dynamic than gold’s, with broader price swings reflecting its dual role as both an investment and an industrial metal. Today’s gains were more robust, pointing to speculative positions and catch‑up after last week’s sharper drawdowns. The increased volatility is consistent with silver’s lower liquidity relative to gold and its sensitivity to macroeconomic cues tied to industrial demand.

In the physical markets, silver’s rise translated into strength across metro centres, although the magnitude varied modestly by location. The stronger rebound in silver futures vis‑à‑vis gold suggests fresh inflows from traders seeking short‑term opportunities on recovery momentum.

Key Factors Driving Prices Today

• Global bullion benchmarks remained firm, supported by a softer US dollar and stable overseas demand, lifting domestic sentiments.
• Currency dynamics, a firmer rupee eased some inflationary pressures on imported bullion, aiding gold price stability.
• Volatility and speculative positioning, particularly in silver futures, fed stronger intraday swings and broader gains in white metal.

What Today’s Close Signals for the Market

Today’s close reflects a consolidative rebound for precious metals after recent volatility. Gold’s measured gains suggest stabilising investor confidence, while silver’s sharper move indicates renewed speculative interest and higher intraday volatility. Both metals responded positively to global and domestic macro cues, with silver showing greater sensitivity to short‑term momentum.

Overall, the market appears to be in a phase of renewed price discovery, where investors and traders are recalibrating positions after last week’s pullbacks. Subdued but positive breadth in bullion prices suggests a potentially more stable trading range in the near term, even as macro drivers such as currency trends and global risk sentiment continue to influence direction.

Gold and Silver Prices in India End Lower on February 6: Silver Crashes 6%, Gold Dips at Market Close

Gold and silver prices in India fell on February 6, 2026, as silver dropped 6% and gold edged lower amid market volatility and profit-booking pressure.

StartupTalky- Business News, Insights and StoriesStartupTalky Official