Gold, Silver Price Today : Gold Jumps Rs 1,600 After Early Dip, Silver Also Gains Momentum on MCX

New Delhi: Today, on 6 February 2026, the prices of both gold and silver have again seen significant fluctuations in the market. In the initial session of trading on Friday morning, there was a decline in both the yellow metal i.e. gold and the white metal i.e. silver, but after some time, a slight recovery was seen in gold. This volatility has left both investors and buyers wondering what will happen next.

What was the price of gold and silver today?

This morning on MCX, gold was trending around Rs 1.50-1.54 lakh per 10 grams after a weak start in the early session. Silver also declined in early trade, going down to around Rs 2.29-2.46 lakh per kg. After some time, due to increased demand in the market, gold rose by about Rs 1,600, but fluctuations continued throughout the day.
In the last few days, huge fluctuations have been seen in both gold and silver. Both the metals had touched record highs at the end of January, but again there was a wave of selling and today's trading also showed downward pressure.

Why did the rates fall?

According to analysts, the major reasons behind today's decline are:

• Weakness in the prices of gold and silver in the international market.
• The strengthening of the US dollar, which put pressure on demand for precious metals.
• Speeding up the process of withdrawing profits by investors.

When the dollar strengthens, spending by foreign buyers increases and this reduces demand for safe investments like gold and silver. Due to this, a decline is also being seen in domestic prices.

What were today's prices in cities?

There was a slight difference in today's rates city wise, but the general trend was of decline:

• In big bullion markets like Delhi and Mumbai, the price of gold remained around Rs 1.50-1.54 lakh per 10 grams.
• Silver prices were seen trending between Rs 2.29 and 2.46 lakh per kg in most cities.

These rates are based on early morning session and later trading hours. Further changes in prices are possible in the later sessions of the day.

Is it the right time to buy or sell?

Today's market has been a bit volatile. At the time of decline, some investors are thinking that perhaps the buying opportunity has arrived, while others believe that it would be better to wait until the health completely improves. If you are shopping for occasions like marriage, then you may get some relief, whereas from an investment point of view, it may be better to give some more time to the market.

Today's trading session shows that gold and silver prices remain volatile at the moment and further direction will depend on international cues.