New Delhi: After a record-breaking rally in 2025—when gold surged 62% and silver jumped 144%—the new year has opened with a mixed trend in precious metals. On 1 January 2026, gold traded nearly flat, while silver saw a sharp drop of over ₹1,800.
MCX Prices:
- Gold (February 5 delivery): Closed at ₹1,35,447 per 10 grams in the previous session; opened today at ₹1,35,299, ranging between ₹1,35,080 and ₹1,35,559 during early trade. At 12:50 PM, gold traded at ₹1,35,440, down ₹7 from the previous close.
- Silver (March 5 delivery): Closed at ₹2,35,701 per kilogram in the previous session; opened flat at ₹2,35,701. Early trading saw silver drop to ₹2,33,850, and by 12:50 PM it was trading at ₹2,34,950, down ₹751 (0.32%).
Local Sarrafa Market Trends
In the national capital’s Sarrafa market, gold and silver prices also declined due to weak global cues and a stronger US dollar. According to the All India Sarrafa Association, 99.9% purity gold fell by ₹1,300 to ₹1,37,700 per 10 grams, marking the third consecutive day of decline. Silver prices dropped by ₹2,000, breaking a six-day record rally, and traded at ₹2,39,000 per kilogram.
Discover more from SD NEWS agency
Subscribe to get the latest posts sent to your email.