Gold and silver prices on the Multi Commodity Exchange (MCX) opened sharply higher on Tuesday, February 3, 2026, after seeing a strong recovery in international bullion markets. The rise in prices was also supported by renewed buying interest at lower levels.
Traders said that investors were buying gold and silver after recent price declines, which helped stop a three-day sell-off in precious metals. This renewed demand also lifted prices of gold- and silver-linked exchange traded funds (ETFs).
On the MCX, the futures prices for gold and silver rose sharply, reflecting the positive sentiment in the market. Analysts said the rebound indicates that investors see the current levels as attractive buying opportunities, helping to stabilize prices after recent falls.
Overall, the combination of international market recovery and domestic buying interest has given a boost to gold and silver prices in India. Experts expect that prices may continue to stay firm in the near term if the buying trend continues.