Gold and silver prices showed mixed trends on Thursday, with gold posting a marginal rise in the domestic spot market, while silver surged past the Rs 2 lakh per kilogram mark. However, prices on the futures market and in global trade moved lower.
According to data from the India Bullion Jewellers Association (IBJA), the price of 24-karat gold rose by Rs 157 to Rs 1,32,474 per 10 grams.
Similarly, 22-karat gold edged up to Rs 1,21,346 per 10 grams, while 18-karat gold was priced at Rs 99,356 per 10 grams.
Silver recorded a sharper gain in the spot market, rising by Rs 1,479 to Rs 2,01,120 per kilogram, crossing the Rs 2 lakh milestone.
In contrast, precious metal prices on the Multi-Commodity Exchange (MCX) declined. The February 5, 2026 gold contract fell 0.50 per cent to Rs 1,34,218 per 10 grams, while the March 5, 2026 silver contract slipped 1.19 per cent to Rs 2,04,961 per kilogram.
Global prices also traded lower. Spot gold was down 0.34 per cent at $4,357 per ounce, while silver declined by around one per cent to $66.24 per ounce at the time of reporting.
Market experts said that after a strong rally in recent sessions, gold and silver prices have entered a consolidation phase. Further movement is expected to be guided by upcoming global macroeconomic data.
Earlier in the day, domestic futures prices of both metals weakened as investors booked profits following the recent surge to record highs. A mild rise in the US dollar and caution ahead of key US inflation data also weighed on sentiment.
During early trade, MCX gold February contracts were trading 0.20 per cent lower at Rs 1,34,619 per 10 grams.
According to analysts, gold in the domestic market has support in the range of Rs 1,33,850–1,33,110, with resistance at Rs 1,35,350–1,35,970. Silver has support at Rs 2,05,650–2,03,280, while resistance levels are seen at Rs 2,08,810 and Rs 2,10,270.
— IANS
