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Gold Sets New Records as Silver Tops Rs 2.5 Lakh, With Indian Quotes Diverging by Source

Traders point to safe-haven flows alongside expectations of US rate cuts as the rally’s key driver.

Overview

  • News18 reports fresh peaks with US spot gold at $4,515.6 per ounce and Comex silver at $80.77 per ounce.
  • On MCX in early trade, gold (Feb 5, 2026) was at Rs 1,40,106 per 10 grams and silver (Mar 5, 2026) at Rs 2,51,231 per kg.
  • In Mumbai, News18 lists 24-carat gold at Rs 1,41,360 per 10 grams and 22-carat at Rs 1,29,590, with spot silver near Rs 2,50,900 per kg.
  • The Indian Express, citing Good Returns, showed a morning dip to ₹14,171 per gram for 24-carat and ₹12,990 for 22-carat, underscoring intraday swings.
  • Analysts highlight central-bank and ETF buying, strong industrial demand for silver, and China’s export licensing from January 1, 2026, as supportive factors.