Silver rebounds Rs 5,500 after 10% crash; gold up Rs 2,000. What should investors do?

Gold and silver futures rebounded on bargain-hunting after plunging as much as 10% in the previous session, with investors stepping in at lower levels. The sharp decline had followed a surge in the US dollar after stronger-than-expected January jobs data reduced expectations of near-term interest rate cuts.

In today’s session, MCX silver futures for March 5, 2026 rose 2.2%, up Rs 5,363 to Rs 2,41,798 per kg. Gold futures for April also edged higher by Rs 2,001, or 1.3%, to Rs 1,54,837 per 10 grams.

In the previous session, silver March futures ended 10% lower or down Rs 26,000 at Rs 2,36,435 per kilogram. Gold was down over Rs 6,000 or 4% to close at Rs 1,52,836 per 10 grams.


In international commodity markets, Gold and silver rebounded on Friday as bargain-hunting emerged after both metals slid to one-week lows in the previous session. Spot gold rose about 1% to $4,966.83 per ounce, recovering after a more than 3% drop in the previous session that pushed prices below the key $5,000 mark. Spot silver climbed 2.1% to $76.76 per ounce, rebounding from an 11% fall recorded on Wednesday.

Meanwhile, the U.S. dollar was largely flat against major peers, holding steady following mixed economic data. A firmer dollar typically makes greenback-denominated metals more expensive for holders of other currencies, which can weigh on demand.

What should investors do?

Manoj Kumar Jain of Prithvi Finmart said bullion markets are witnessing sharp volatility amid multiple global triggers, including inflation data from the United States, nuclear deal discussions between the U.S. and Iran, Lunar New Year holidays in China, and reports of negotiations involving the U.S. and Russia.

He expects gold to hold key weekly support near $4,770 per troy ounce and silver around $65 per troy ounce. Gold faces support in the $4,910–4,840 range with resistance at $5,055–5,122, while silver has support at $70–65 and resistance between $80.40–84.80 per troy ounce. On MCX, gold support is seen at Rs 1,50,000–Rs 1,46,600 with resistance at Rs 1,54,000–Rs 1,57,200, whereas silver support lies at Rs 2,28,800–Rs 2,20,000 and resistance at Rs 2,44,000–Rs 2,51,000. Jain advised investors to avoid fresh positions for now.

Gold rates in physical markets

Gold Price today in Delhi

Standard gold (22 carat) prices in Delhi stand at Rs 1,16,272/8 grams while pure gold (24 carat) prices stand at Rs 1,26,832/8 grams.

Gold Price today in Mumbai

Standard gold (22 carat) prices in Mumbai stand at Rs 1,16,152/8 grams while pure gold (24 carat) prices stand at Rs 1,26,712/8 grams.

Gold Price today in Chennai

Standard gold (22 carat) prices in Chennai stand at Rs 1,16,792/8 grams while pure gold (24 carat) prices stand at Rs 1,27,416/8 grams.

Gold Price today in Hyderabad

Standard gold (22 carat) prices in Hyderabad stand at Rs 1,16,152/8 grams while pure gold (24 carat) prices stand at Rs 1,26,712/8 grams.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)