Gold Silver Price Today: The bullion market is bullish today, with silver prices surging by ₹14,800 and gold becoming nearly ₹3,000 more expensive.


Posted on 9th Feb 2026 12:23 pm by rohit kumar

After significant volatility last week, gold and silver prices surged on Monday. ​​According to a bullion website, silver jumped by ₹14,800 to reach ₹2.65 lakh per kilogram, while gold rose by ₹3,050 to ₹1.58 lakh per 10 grams.

 

 

In early trading on the MCX, silver was up ₹5,185 at ₹2.49 lakh per kilogram, while gold prices rose by ₹3,428 to ₹1.55 lakh per 10 grams.

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International Gold and Silver Prices

During Asian trading hours, spot gold rose by approximately 1.18% to $5,040 per ounce, while spot silver saw a sharp increase of 3.39%, trading at $79.89 per ounce.

 

 

However, despite the current surge, both precious metals remain below their record highs. Gold is still about 11.27% below its all-time high of $5,608.35, while silver has fallen approximately 52.29% from its all-time high of $121.67 reached on January 29.

 

 

What is the reason for this surge?

The primary reason for the market rally is the decisive election victory of the ruling Prime Minister Sanae Takaichi in Japan. The results have strengthened expectations of a more liberal fiscal policy and put pressure on the yen, both factors considered positive for gold. According to a Bloomberg report, these expectations are supporting demand for precious metals.

 

 

Focus on US Data

Investors are now awaiting key economic indicators from the US, which could provide clues about the Federal Reserve's future policy. January's employment figures are expected on Wednesday, which are likely to show signs of stability in the labor market. Inflation data will be released on Friday.

 

 

Why did prices fall last week?

Last week, both gold and silver experienced sharp declines. This was due to profit-taking, a stronger US dollar, and rising real yields, which somewhat diminished the appeal of precious metals as a safe-haven investment. Overall, political developments and the direction of US macroeconomic data will continue to play a crucial role in determining the movement of gold and silver in the short term.

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