Why did MCX gold price today jump over 3%?

Early trades showed firm buying and strong participation, pushing front-month gold futures to around ₹1.59 lakh per 10 grams. Sentiment was helped by global cues, rupee moves, and interest from short-term traders. Momentum and volume aligned at the open, which often drives follow-through as long as liquidity remains supportive through the day.

What is the gold rate in Delhi today for 22K and 24K?

City prices moved higher versus yesterday, with purity-wise quotes differing due to making charges and local premiums. Exact rates change during the day, so check updated city boards and confirm with your jeweller before buying. Compare 22K and 24K bills, including GST and hallmarking, to avoid paying above the prevailing benchmark.

How is MCX gold different from retail jewellery prices?

MCX gold is an exchange-traded futures contract with standardized purity and delivery terms. Retail jewellery prices include base gold value plus making charges, hallmarking costs, and GST, creating a premium over futures. Futures help traders manage price risk, while jewellery purchases serve consumption and long-term holding needs for households.

Is silver price today tradable after a 6% spike?

It can be, but risk rises with volatility. If you trade, use smaller position sizes, predefined stops, and avoid chasing breakouts without confirmation. Cross-check MCX silver price with global quotes and the rupee to assess basis. Consider scaling entries on pullbacks with strong volume rather than entering at stretched intraday highs.

Global Market Insights

MCX Gold Jumps 3%, Silver 6% Today — February 5 India Price Check

ByDanny Kontos February 5, 2026February 5, 2026

MCX gold price today surged over 3% to about ₹1.59 lakh per 10 grams, while silver gained more than 6% as trading opened on February 5, 2026. Retail 22K and 24K rates rose across major cities, with the gold rate in Delhi also moving higher. The sharp bullion rebound has traders rechecking positions and risk. We break down the futures move, city price trends, and a clean trading checklist so you can act with clarity today.