Silver crashes 6%, sheds Rs 16,000/kg on MCX; gold slips 3%. Where are prices headed from here?
- Posted on February 5, 2026
- By Business News Today
- 3 Views
Silver crashes 6%, sheds Rs 16,000/kg on MCX; gold slips 3%. Where are prices headed from here?
Gold and silver futures saw a sharp decline on MCX Thursday. This followed news of upcoming U.S.-Iran talks in Oman, reducing demand for safe-haven assets. Experts suggest continued volatility for gold and silver. Trading recommendations are provided for both commodities on MCX. Physical gold prices in major Indian cities are also reported.