Gold, Silver Rate Live Updates: Precious Metals Slide Sharply On Budget Day As Volatility Intensifies

Precious metal prices traded under heavy pressure on February 1, as Budget day volatility combined with global weakness dragged bullion lower on the Multi Commodity Exchange (MCX). Investors remained cautious through the session, with prices hovering close to intraday lows while the market stayed open.

Gold Performance On MCX:
MCX gold was trading at ₹1,43,400 per 10 grams, down ₹6,253 or 4.18 percent.
The metal touched an intraday high of ₹1,46,800 and slipped to a low of ₹1,36,185, indicating strong selling pressure through the session.

Silver Sees Steeper Correction:
MCX silver fell sharply to ₹2,65,800 per kg, registering a decline of ₹26,125 or 8.95 percent.
Prices moved between a high of ₹2,84,826 and a low of ₹2,65,652, remaining close to the session’s bottom.

Market Context And Sentiment

• Profit booking ahead of key policy announcements
• Cautious investor positioning on Budget day
• Global commodity trends adding downside pressure

Outlook
With the market still open, traders are closely watching price stability near support levels, as further volatility cannot be ruled out during the remainder of the session.

Sources: Multi Commodity Exchange (MCX),
Live Market Data From Trading Platforms