Gold Jumps Rs 3,000, Silver Surges Rs 13,000: Will Prices Continue Rising?

Gold Jumps Rs 3,000, Silver Surges Rs 13,000: Will Prices Continue Rising?

Gold and Silver Prices Surge

Gold and silver prices jumped sharply on Monday, February 9, 2026, following a rally in bullion markets across India. The rise came amid a weaker US dollar and investors awaiting fresh economic cues from the United States.

At the time of writing:

MCX Gold was trading at Rs 1,57,786, up Rs 2,335 (1.50%).

MCX Silver rose Rs 12,320 (4.93%) to Rs 2,62,212.

Gold Climbs on Supportive Global Cues

The recent surge in gold reflects renewed buying interest after a correction from record highs. A softer US dollar has made precious metals more attractive for global buyers. Investors are closely watching the upcoming US labour market report, which could influence interest rate expectations.

According to Ponmudi R, CEO of Enrich Money, MCX gold futures are trading in the Rs 1,49,000–Rs 1,60,000 range after correcting from highs near Rs 1,80,000–Rs 1,81,000. Strong buying interest is visible in the Rs 1,45,000–Rs 1,50,000 support zone.

If gold holds above support and surpasses Rs 1,60,000, it could target Rs 1,65,000–Rs 1,75,000 in the medium term.

Silver Rebounds After Sharp Correction

Silver also extended gains, recovering from a steep fall earlier this year. MCX silver futures are now trading in the Rs 2,50,000–Rs 2,70,000 range, down from record levels around Rs 4,20,000.

Ponmudi noted that although the long-term outlook for silver remains positive, prices have recently dropped below key moving averages, signaling short-term pressure. Strong buying support exists in the Rs 2,25,000–Rs 2,60,000 zone.

A sustained recovery from this level could push silver towards Rs 3,00,000–Rs 3,25,000 in the coming months. A breach of support may deepen the correction before a fresh rally.

Investment Strategy: Buy, Hold, or Sell?

Experts suggest a balanced approach:

Current holders: Medium- to long-term trend remains positive; a hold strategy is recommended.

Fresh buyers: Consider buying on dips rather than chasing prices; gradual accumulation near support levels is advisable.

Sellers: Short-term traders may sell near resistance if signs of weakness appear. Long-term investors may use corrections as buying opportunities.

In volatile markets, disciplined investing and staggered buying are more important than trying to time every move.