Prices of Gold and Silver have opened with losses of 6% each on the Multi Commodity Exchange (MCX) on Sunday, February 1, after the sharp sell-off witnessed in the global markets overnight. Prices have now extended their losses to 9%.
Silver prices had declined as much as 37% intraday on Friday, while Gold prices fell 12% in the spot market. The fall in gold was the biggest in a single session since the early 1980s, while the fall in Silver was the biggest on record.
Price adjustments will also take place in ETFs, despite the 15% to 20% fall seen on Friday. The bigger fall in the global markets took place after Indian equities has closed for trading.
Gold prices are now trading at ₹1,36,185 lakh per 10 gram, while those of Silver are trading at ₹2,65,652 lakh per kilogram.
Shares of MCX have also opened with losses of 9% in trading on Sunday.
First Published: Feb 1, 2026 9:09 AM IST