Gold And Silver Prices Outlook For February 9

Current Prices
Spot gold stands at $4,964 per ounce (Rs 1,55,280/10g), up over 2% weekly, while silver consolidates near $79.24 per ounce (Rs 2,50,440/kg) after recent gains. In India, MCX gold is Rs 155,280 per 10g and silver Rs 250,440 per kg. Prices reflect resilient demand amid global uncertainties.

 Market Drivers
Geopolitical tensions and central bank purchases bolster bullion, offsetting Fed-related volatility. A softer dollar and easing cycle support recovery post-selloff. Chinese physical demand ahead of Lunar New Year adds stability.

 Investment Outlook
Analysts like Goldman Sachs see gold hitting $5,400 by end-2026, with Macquarie raising Q1 targets to $4,590. Buy on dips recommended for long-term portfolios, given structural demand. Volatility persists, but fundamentals favor holding or accumulating.

Key highlights

• Gold up 3.97% daily to $4,966/oz (Rs 1,55,500/10g)
• Silver surges 3.17% to $80.16/oz (Rs 2,52,000/kg)
• 2026 forecasts: Gold $5,000+ by BofA
• Central banks drive sustained buying
• Short-term dips offer entry points

Sources: Goldpricez.com, JM Bullion, Kitco, Times of India, CNBC, India Bullions