Gold and silver prices in India opened on a firm note on Friday, February 6, 2026, tracking overnight trends in global bullion markets and currency movements. Early-morning prices reflected cautious sentiment among traders as investors assessed international cues, interest-rate expectations, and the rupee’s movement against the US dollar.
In domestic bullion markets, 24-carat gold was trading near ₹1,50,739 per 10 grams, reflecting weakness from earlier sessions as selling pressure intensified. Silver also extended losses, with silver prices around ₹2,32,500 per kilogram in key Indian trading centres this morning. These levels indicate continued market reaction to global spot trends and domestic currency movements.
Domestic bullion prices continue to be influenced by a combination of global spot rates, movements in the rupee-dollar exchange rate, and import-related costs. With international markets showing limited overnight movement, Indian traders entered the session awaiting clearer direction as global trading activity picks up later in the day.
On the global front, gold prices have been moving within a narrow range as investors balance inflation concerns with expectations around monetary policy decisions by major central banks. Gold’s appeal as a safe-haven asset remains intact, but near-term price movements continue to be shaped by bond yield trends and currency strength.
Silver prices, which are driven by both investment demand and industrial usage, have been relatively more volatile. Market participants are closely watching indicators linked to manufacturing activity and global economic growth, as these play a significant role in shaping silver demand.
Currency fluctuations remain a critical factor for Indian bullion markets. Any movement in the rupee against the dollar can quickly translate into changes in domestic gold and silver prices, even if global spot rates remain stable. Traders and investors are therefore keeping a close watch on foreign exchange markets through the trading session.
Demand dynamics within India also continue to influence prices. Jewellery buying linked to weddings and seasonal demand supports gold consumption, while investment demand is guided by long-term considerations such as inflation protection and portfolio diversification.
As trading progresses through the day, gold and silver prices in India are expected to respond to fresh global cues, currency movements, and market sentiment. Early-morning rates provide an initial snapshot, but bullion prices may see revisions as liquidity improves and international markets reopen.
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Last Updated on: Friday, February 6, 2026 11:18 am by News Proton Team | Published by: News Proton Team on Friday, February 6, 2026 11:18 am | News Categories: General, India, Trending