Gold Price Today: Gold and silver prices began the week on a firm footing on Monday, February 9, staging a strong rebound after an exceptionally volatile previous week. On the Multi Commodity Exchange (MCX), gold April futures opened 0.35% higher at ₹1,56,000 per 10 grams, compared with the previous close of ₹1,55,451, supported by a recovery in global bullion prices and a softer U.S. dollar. Silver outperformed gold, with MCX March futures jumping nearly 4%, or ₹9,995, to open at ₹2,59,887 per kilogram, marking a sharp recovery following last week’s heavy swings.
The bullish momentum extended to international markets. On COMEX, spot gold rose around 1.18% to $5,040 per ounce during Asian trading hours, while spot silver surged as much as 3.39% to $79.89 per ounce. The rebound follows a turbulent week for precious metals, though prices remain well below recent highs—gold is still more than 11% below its record peak of $5,608.35, while silver continues to trade over 52% below its all-time high of $121.67 recorded in late January.
On Friday, precious metals had already settled higher across both domestic and international markets. COMEX gold April futures closed at $4,979.80 per troy ounce, up 1.85%, while silver March futures settled at $76.895 per troy ounce, gaining 0.24%. In the domestic market, MCX gold April futures ended at ₹1,55,451 per 10 grams, registering a 2.22% gain, while silver March futures settled at ₹2,49,892 per kilogram, up 2.49%.
GOLD PRICE TODAY: EXPERT OPINION
With the volatility observed the previous week, Analysts have to say the following for the upcoming week:
Manoj Kumar Jain, Prithvi Finmart:
“Gold and silver prices showed a rollercoaster move last week. Prices show heavy selloff atstart of the week amid gainsin the dollar index, higher exchange margins, profit taking in the ETF, and US-Iran nuclear deal talks. Sell-off in the crypto markets also pressures both precious metals during the week. However, downbeat U.S. ADP non-farm employment data and a surge in the U.S. jobless claims supported prices of gold and silver. Short-coverings and bargain buying at lower levels also supported gold and silver prices. The US preliminary consumer sentiments rose to 57.3 and supported precious metal prices.”
According to him, “We are experiencing very high price volatility in both precious metals, but silver pricescould hold their support level of $65 per troy ounce, and gold pricescould also hold itssupport level of $4,555 per troy ounce on a closing basisthis week. We expect gold and silver prices to remain volatile this week amid volatility in the dollar index, partialshutdown in the U.S., and geopolitical tensions.”
According to Mr. Mannoj, “Gold has support at $4910-4840, while resistance is at $5050-$5122 per troy ounce, and silver has support at $73.80-$71.10, while resistance is at $80.40-$83.80 per troy ounce in today’ssession. At MCX, gold has support at ₹154000-₹151800 and resistance at ₹157700-₹160000, while silver has support at ₹244000-₹236600 and resistance at ₹255500-₹262000.
For Silver, Mr. Manoj’s technical analysis says, “As per the daily technical chart, a pair is having support at 90.4500-90.1500 while resistance is placed at 91.0800-91.4500. A pair istrading below its support level of 91.1000 and expected to trade in the range of 89.4000-92.000 this week,“
Pranav Mer, JM Financial
According to Mr. Pranav, “Gold futures recovered from an early dip and rallied during mid-week, but pared some gains and consolidated in the last couple of trading sessions, before closing the week higher by 9. On indicator,s 14 week RSI istrading above 50 but below its moving average, while MACD indicator istrading above the mid zero line with a positive difference.“
Mr. Pranav thinks that for the upcoming week gold outlook would look like, “Momentum looks consolidative till prices are holding above Support at ₹134300, while on the upside, Resistance immediately holds at ₹160800. Overall, till ₹134300 holds there is a high probability that prices may continue to see a steady recovery towards ₹175000 – ₹180 000 levels,”
His Silver outlook suggests, “For Silver… look for Supports at ₹225,805, below which next holds at ₹213,750/ ₹165,000, while on the upside Resistance is seen at ₹278,000/ ₹300,000.”
SMC Global
According to analysts at SMC Global, “The weaker labour trend strengthened expectations of Federal Reserve rate cutslater this year, with markets anticipating a possible first move in June. In the coming week, COMEX gold is expected to trade in the $4,500–$5,120 range, while silver may remain volatile within $62–$75. On MCX, gold islikely to trade between ₹139,500–₹162,000 and silver between ₹214,000–₹265,000“
CA Surendra Mehta
According to him, the Gold Range from 09/02/2026 to 13/02/2026 is as follows.
Gold Spot: $4512-$5224
Gold INR: ₹141250-₹163550
Spot Silver Range
Silver Spot:$70.95-$82.15
Silver INR: ₹227650-₹263600
Enrich Money
According to analysts at Enrich Money, Comex Gold performance for the upcoming week would be like, “Consolidation Within a Structural Uptrend COMEX gold is consolidating above the $4,800–$4,900 region after retreating from record highs. The multi-year rising channel remains intact, with the former breakout zone near $4,500–$4,600 acting as strong structural support. As long as $4,800 holds, the current phase is viewed as a corrective pause. Renewed safe-haven demand or easing dollar strength could reopen the path toward $5,200 and beyond.”
For MCX Gold, “MCX Gold isstabilizing aftercorrecting from the ₹1,78,000–₹1,80,000 zone. Strong demand is emerging near ₹1,50,000–₹1,55,000, while the broader upward channel structure remains intact. A sustained move above ₹1,60,000 could revive bullish momentum toward ₹1,70,000–₹1,80,000+ over the medium term.”
According to analysts at Enrich Money, Comex Silver performance for the upcoming week would be like, “Silver remains volatile after correcting from highs above $120 but is stabilizing within the $71–$80 demand zone. A hammer formation near $64 aligns with the long-term 100-day EMA, reinforcing structural support. Silver’s dual monetary and industrial role continues to support a constructive outlook. A decisive move above $80–$85 would significantly strengthen recovery prospectstoward $100–$105”
For MCX Silver, “MCX Silvercorrected into the ₹2,30,000–₹2,35,000 support region — historically associated with strong physical and industrial buying. Current price action suggests absorption rather than aggressive distribution. A decisive breakout above ₹2,60,000 could act as a trigger for fresh upside toward ₹2,75,000–₹2,90,000+.”
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