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MCX silver and gold prices opened lower on 5 February 2026 amid market volatility. March silver futures dropped 4% to ₹2,58,096 per kilogram, down ₹10,754 from the previous close.
Silver and Gold See Sharp Opening Decline
New Delhi: Silver and gold prices fell on the MCX on Thursday, February 5. Silver with March expiry fell 4% to ₹2,58,096 per kg. Previously, the price of silver had closed at ₹2,68,850 per kg. Gold prices also fell 0.71% to ₹1,51,948 per 10 grams. This has increased investor sentiment and caution.
Silver had seen record highs in the past few weeks. On January 29, 2026, silver reached an all-time high of ₹4,20,000 per kg. Now, silver with March expiry has fallen to ₹2,67,612 per kg. This means that silver has fallen by approximately 35% from its highest level. Following this decline, investors are questioning whether this is the right time to invest.
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Gold prices have also seen a decline in recent days. On January 29th, gold reached an all-time high of ₹1,83,000 per 10 grams. Gold with an expiry date of April 2nd has now fallen to ₹1,52,850 per 10 grams. While a slight increase has been observed in the last two days, gold is still ₹30,150 per 10 grams cheaper than its record high.
Experts say that despite this decline in silver and gold, investors should not immediately buy. Market fluctuations and global economic conditions can affect prices. Furthermore, this decline may also provide an opportunity for long-term investment in silver and gold, but decisions should be made after carefully considering the risks.
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According to experts, the decline in silver and gold prices is due to global market volatility, a strengthening dollar, and changing trends in commodity investments. Furthermore, investors' attempts to hedge profits made at record highs have also contributed to this decline.
Overall, the decline in gold and silver prices on MCX has created a wave of caution among investors. Silver has fallen more than 35% from its all-time high, while gold is also down approximately 16% from its record high. Investors are advised to invest only after understanding the market conditions and assessing the risks at this time.
