mcx silver rate today

Silver MCX Crashes 27% Before Budget 2026

by

Silver mcx 

“From record highs to reality check — silver feels the heat.”

Table of Contents

📉 Current MCX Silver Price

Silver MCX futures witnessed a brutal sell-off ahead of India’s Union Budget 2026. As of February 1, 2026 (around 4:16 AM IST), MCX Silver (March 2026 expiry) is trading sharply lower.

  • Current Price: ₹2,91,922 per kg
  • Fall: ₹1,07,971 (-27%)
  • Previous Close: ₹3,99,893 per kg
  • Opening Price: ₹3,83,898
  • Day’s High: ₹3,89,986
  • Day’s Low: ₹2,91,922 (Lower Circuit)

⚡ Recent Volatility Explained

Silver had surged to lifetime highs above ₹4 lakh per kg last week, supported by geopolitical tensions, a weak US dollar, and strong safe-haven demand. In just the first 20 days of January, silver jumped over 35% (₹85,000 per kg).

However, easing global tensions and optimism around US–India trade talks triggered sharp profit-booking. Globally, spot silver slipped 31.4% to $78.53 per ounce, while gold also corrected heavily on renewed dollar strength after US Fed updates.

🔍 Key Drivers Behind Today’s Crash

  • Heavy profit-booking after record-breaking rally
  • Stronger US dollar post-Federal Reserve signals
  • Shift in rate-cut expectations amid Fed reshuffle talks
  • Higher margin requirements by MCX (up to 16.5%)
  • Uncertainty ahead of Union Budget 2026 (import duty risk)

Notably, MCX even held a rare Sunday trading session to manage Budget-related volatility.

📊 MCX Silver Trading Stats

Metric Value
Previous Close ₹3,99,893/kg
52-Week Low / High ₹1,09,741 – ₹4,20,048
Spot Silver Price ₹90,951/kg
Average Price ₹3,46,584/kg
Volume 28,494 lots
Open Interest 8,193 lots

🔮 Outlook: Is This a Buying Opportunity?

Market experts believe the sharp correction may open doors for long-term dip buyers, with strong support seen near ₹3 lakh per kg. Industrial demand from renewable energy, electronics, and silver’s role as an inflation hedge continue to support the metal structurally.

Key triggers to watch ahead:

  • Union Budget 2026 import duty announcements
  • US jobs data and inflation numbers
  • Federal Reserve policy signals
  • Geopolitical developments

Despite today’s crash, silver closed January up 30.5%, gaining nearly ₹73,000 per kg — a reminder that volatility cuts both ways.


Disclaimer: Yeh views market experts ke hain and not of trueincome. Investment karne se pehle certified advisor se consult zaroor karein.

Read more

MCX Gold Hits Record Highs: Is ₹1.7 Lakh the Next Stop?

by

MCX Gold 

When uncertainty rises, gold shines brighter.


📌 Table of Contents

✨ MCX Gold Price Overview

MCX gold prices surged to all-time highs in late January 2026, fueled by strong global demand,
safe-haven buying, and growing expectations of US Federal Reserve rate cuts.
On January 29, 24K gold touched nearly ₹1,67,080 per 10 grams, marking a historic milestone
for Indian bullion markets.

📊 Current MCX Gold Levels

Gold futures on the Multi Commodity Exchange (MCX) continued their bullish momentum, supported by heavy volumes
and rising open interest — a clear sign of sustained trader participation.

Category Price
MCX Gold (Feb Expiry) ₹1,61,035 / 10g (+2.12%)
Day’s High ₹1,62,429
Day’s Low ₹1,59,900
Spot 24K Gold ₹16,708 / gram
Spot 22K Gold ₹15,315 / gram

Daily gains for 24K gold stood at ₹513, while trading volume jumped to
93,300 lots with open interest at 8,896.

Gold has delivered an explosive rally over the past week. Prices climbed nearly
₹2,000 per 10 grams, translating into a sharp 13% jump from January 22 levels.

Date 24K Gold (₹/10g) Change
Jan 29 ₹1,67,080 +₹513
Jan 28 ₹1,67,080 —
Jan 27 ₹1,61,950 +₹1,130
Jan 25 ₹1,60,260 +₹1,110

Year-to-date, MCX gold has surged over 27% from its 52-week low of
around ₹98,169, highlighting gold’s renewed dominance as a defensive asset.

🌍 What’s Driving the Gold Rally?

  • Safe-haven demand amid rising geopolitical tensions
  • Weaker US dollar boosting global gold prices
  • US Fed rate cut expectations increasing non-yielding asset appeal
  • Policy uncertainty around potential Trump-era tariff moves

Globally, Comex gold hovered near $5,500 per ounce, rising almost
4% in recent sessions — adding strong tailwinds to domestic prices.

🔮 Market Outlook & Key Resistance

Analysts remain bullish on gold in the medium term, especially if the US Federal Reserve
signals a softer interest rate stance. However, traders advise caution near the
₹1,70,000 resistance zone due to potential volatility from equity market rallies
or sudden dollar strength.

Silver also joined the rally, with MCX silver prices jumping to
₹3,87,640 per kg, up nearly 4.64%, reinforcing the broader precious metals uptrend.

 

With macro uncertainty still high, gold continues to glitter — but sharp moves ahead mean disciplined trading is key.

 

Disclaimer: Yeh views market experts ke hain and not of trueincome. Investment karne se pehle certified advisor se consult zaroor karein.

Read more