Gold prices climbed on Monday, extending gains in the futures market as the US dollar weakened and investors sought safe-haven assets. Silver outperformed, surging nearly 5% during the session.
On the Multi Commodity Exchange (MCX), April gold futures rose by Rs 2,089 (1.34%) to Rs 1,57,540 per 10 grams, with a turnover of 8,279 lots. Silver futures for March delivery jumped Rs 11,853 (4.74%) to Rs 2,61,745 per kg, trading across 6,396 lots.
Traders attributed the sharp gains to a rebound in global markets and renewed investor interest in defensive assets.
International Market Trends
In overseas trade, Comex silver futures rose USD 4.80 (6.25%) to USD 81.70 per ounce, while gold prices increased USD 81.69 (1.64%) to USD 5,061.49 per ounce, reclaiming levels above USD 5,000 per ounce for the first time in over a week. Dollar weakness and safe-haven buying supported the rally, according to Jigar Trivedi, Senior Research Analyst at IndusInd Securities.
Investor sentiment was further bolstered by Japan’s Prime Minister Sanae Takaichi’s coalition victory, expected to drive expansionary fiscal measures, as well as easing tensions after US-Iran talks in Oman, although Iran maintained its nuclear stance.
Institutional demand also played a role, with China’s central bank continuing gold purchases for the 15th consecutive month in January, indicating steady long-term demand. Traders now await key US employment and inflation data for guidance on Federal Reserve policies.
Gold prices Across Major Indian Cities on February 9, 2026
Delhi:
- 24K: Rs 15,899 per gram
- 22K: Rs 14,575 per gram
- 18K: Rs 11,928 per gram
Chennai:
- 24K: Rs 15,982
- 22K: Rs 14,650
- 18K: Rs 12,520
Bengaluru:
- 24K: Rs 15,884
- 22K: Rs 14,560
- 18K: Rs 11,913
Also read : Silver Prices Today Feb 6, 2026: Drop Over 3% Amid Strong US Dollar
Mumbai:
- 24K: Rs 15,884
- 22K: Rs 14,560
- 18K: Rs 11,913
Pune:
- 24K: Rs 15,884
- 22K: Rs 14,560
- 18K: Rs 11,913
Kolkata:
- 24K: Rs 15,884
- 22K: Rs 14,560
- 18K: Rs 11,913
Gold and silver prices are continuing their upward momentum as investors stay alert to global market trends and upcoming economic data.