📊 GOLD MARKET UPDATE – 8 FEBRUARY 2026

$XAU has shown mixed movement today, with some volatility in prices across India’s bullion and futures markets. After recent fluctuations, metal prices are stabilizing, while physical rates vary city-wise.

🔹 Current Trend & Direction:

Gold has seen both ups and downs this week. Prices had corrected recently due to profit-booking and weaker demand, but today many major cities showed a modest rebound as buyers returned to the market.

📈 Price Movement Highlights:

✔︎ 24K gold trading near ₹1,56,600+ per 10g in major cities like Delhi & Mumbai.

✔︎ Price showed slight rise compared to yesterday, indicating renewed buying interest.

✔︎ Despite this, weekly data shows prices were lower compared to last week’s peaks.

📊 Market Outlook:

👉 Bullion demand picking up: Buyers dipping in at current levels after recent declines.

👉 Volatility remains: Price swings continue as traders balance safe-haven demand with profit-booking.

👉 Short-term outlook: Support may hold around current levels, but volatility could persist if global cues shift.

⚠️ Note: This is a market trend update — always do your own research before trading or investing.

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