Why did gold prices fall in India today?

Gold prices dropped as the US dollar strengthened, rate-cut hopes were repriced, and CME margin hikes forced deleveraging. Geopolitical risk also eased, reducing safe-haven demand. In India, rupee moves amplified swings on MCX, while ETF discounts to NAV widened during stress, deepening losses and triggering further outflows.

What should I watch before buying gold on MCX?

Track the dollar index, US yields, and Fed remarks, since they affect real rates. Check rupee direction, MCX basis, and daily open interest for signs of stress or stabilization. Review CME margin circulars too. If conditions stay choppy, stagger entries and keep position sizes conservative to manage risk.

Why is silver more volatile than gold now?

Silver has higher beta because it blends investment and industrial demand. Liquidity thins quickly when margins rise, so price moves stretch, and ETFs can trade at temporary discounts or premiums. That is why the silver ETF slump and intraday global price dips were sharper than gold, even if medium-term themes overlap.

Global Market Insights

Gold Prices February 08: India ETFs Extend Rout as USD Firms, Margins Rise

ByHuzaifa Zahoor February 8, 2026February 8, 2026

Gold prices fell sharply on February 08 as the US dollar firmed, margins rose, and safe-haven demand cooled. India-listed bullion ETFs dropped up to 10%, with MCX silver March down 6% to Rs 2,29,187 per kg. Intraday, global silver briefly slipped below $65. For Indian investors, the takeaway is higher volatility and tighter liquidity. We explain the USD strength impact, margin dynamics, and what to watch on MCX gold rate before sizing positions or staggering entries across bullion exposures.