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Gold and silver prices crash amid uncertainties and global turmoil
Updated On: 06 February, 2026 01:16 PM IST | Mumbai | mid-day online correspondent
Gold and silver prices declined on Friday as global market weakness and a stronger US dollar weighed on commodities. MCX gold futures slipped nearly 1 per cent, while silver plunged over 3 per cent, raising volatility concerns despite strong long-term fundamentals
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After a global downfall in the stock market for the last two days, the commodity market on Friday also experienced a downward trend. Gold prices fell moderately, while silver lost over 3 per cent due to a stronger dollar and a rout in global technology stocks.
As reported by news agency IANS, MCX gold February futures fell 0.97 per cent to Rs 1,50,590 per 10 grams around 10.40 am on an intraday basis. Meanwhile, MCX silver March futures plunged 3.71 per cent to Rs 2,34,775 per kg.
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