Spot Gold Rallies 3% to Hit $4,806.68 Per Ounce

0 min read     Updated on 03 Feb 2026, 05:57 AM
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Reviewed by
Radhika SScanX News Team
Overview

Spot gold achieved a strong 3% rally, climbing to $4,806.68 per ounce. The precious metal's significant gain reflects positive market sentiment and active trading conditions in the gold market.

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*this image is generated using AI for illustrative purposes only.

Spot gold posted significant gains, surging 3% to reach $4,806.68 per ounce in recent trading activity. The precious metal's strong performance highlights renewed investor interest and market momentum.

Market Performance

The 3% increase represents a substantial single-session move for gold, bringing the spot price to $4,806.68 per ounce. This upward trajectory demonstrates the metal's continued appeal among market participants.

Metric: Value
Current Price: $4,806.68/oz
Price Change: +3%

Trading Activity

The surge in spot gold prices reflects active trading conditions in the precious metals market. Gold's performance at the $4,806.68 level indicates strong buying interest from investors seeking exposure to the commodity.

The 3% gain positions gold favorably within the broader commodities landscape, with the precious metal maintaining its status as a key asset for portfolio diversification and value preservation strategies.

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MCX Silver Prices Drop Below Rs 250,000 Mark

0 min read     Updated on 02 Feb 2026, 09:26 AM
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Reviewed by
Radhika SScanX News Team
Overview

Silver prices on the Multi Commodity Exchange (MCX) have declined below the Rs 250,000 mark, representing a significant price movement that impacts trading positions and market sentiment in the precious metals segment, with traders monitoring this threshold as a key technical indicator.

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*this image is generated using AI for illustrative purposes only.

Silver prices on the Multi Commodity Exchange (MCX) have declined below the Rs 250,000 mark, indicating a downward trend in the precious metal's valuation on India's premier commodity trading platform.

Market Movement Analysis

The drop below the Rs 250,000 level represents a significant price point for silver traders and investors monitoring the commodity markets. This decline affects trading positions and market sentiment in the precious metals segment.

Parameter: Details
Price Level: Below Rs 250,000
Exchange: Multi Commodity Exchange (MCX)
Market Trend: Downward
Impact Area: Precious Metals Segment

Trading Implications

The price movement below this key threshold level may influence trading strategies and investor decisions in the silver market. Market participants typically monitor such benchmark levels as they can indicate broader trends in precious metal valuations on the exchange platform.

This development comes as traders reassess their positions in the precious metals market, with the breach of the Rs 250,000 mark serving as a technical indicator for future price movements.

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