Gold hovers above Rs 1.52 lakh, silver rebounds after early slump

Business
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Moneycontrol•06-02-2026, 18:05
Gold hovers above Rs 1.52 lakh, silver rebounds after early slump
- •Gold and silver prices took a significant hit on the international market on Friday due to profit booking.
- •Spot gold was down 2.38% at $4,773 per ounce on Comex; silver fell 8.14% to $70.47 per ounce.
- •MCX gold closed at Rs 1,52,260/kg and silver at Rs 2,46,342/kg on Thursday, both up 1.08%.
- •Augmont Bullion report predicts short-term weakness for gold ($4,550–$5,100) and silver ($74–$91).
- •China's gold ETFs saw record outflows; geopolitical tensions and US economic data also influenced markets.
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