February 3, 2026
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Gold and silver prices rebounded sharply after a steep three-day fall due to firm global cues and a weak US dollar.
Silver and gold rebounded sharply after a three-day steep fall, with silver rising to Rs 2,84,000 per kg and gold to Rs 1,57,700 per 10 grams, driven by firm global cues, a weak US dollar, bargain hunting after rapid prior gains, and technical unwinding; commentators noted higher margin requirements and shifting expectations on US policy easing as contributors to the earlier sell-off and flagged continued volatility ahead tied to US jobs data and China market dynamics.