The shocking volatility in metal markets last week hasn't deterred JPMorgan from its bullish call for gold to hit $6,300 this year.

Gold, Silver Price Today in Chennai, Hyderabad, Bangalore, Mumbai, Delhi Live Updates: Gold and silver prices rebound sharply today as markets react to a US government shutdown, Fed cues and global uncertainty.

Silver prices sank below $100 a troy ounce, just a week after they hit that milestone for the first time. Most actively traded silver futures recently stood about 21% lower, at $90.88. Gold and copper futures dropped more than 7% and nearly 5%,

Gold investors are still too bullish.

Gold and silver extended a sharp pullback after a momentum-led rally over the past three sessions, weighed by profit-booking, a firmer dollar, rising US yields and higher global margins. Analysts maintain a bullish broader outlook,

Gold and silver rates in India on February 3, 2026 remained under pressure as markets assessed the Union Budget impact, with city-wise prices showing weak gold trends and silver near recent crash lows.

In the international market, the COMEX gold price was up by 4.04 per cent to approximately USD 4,840.7 per troy ounce.

Gold and silver prices rebounded after suffering a historic selloff, with analysts suggesting that the recent violent correction was more a positioning reset.