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Gold and silver prices decline sharply amid profit booking

after close1 source ↓written by the desknot a recommendation

rates declining
8%
and silver above
$4,600 per ounce
and silver above
$79 per ounce

Gold and silver prices in India fell sharply on Monday, with MCX silver crashing nearly ₹40,000 per kg and gold rates declining by 8%. This drop follows a rise in the US dollar and profit booking by investors. However, international prices show signs of recovery, with COMEX gold above $4,600 per ounce and silver above $79 per ounce.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 2 Feb 2026, 16:09 IST.

Sourcesnews.google.com

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