Today, February 9, 2026, the precious metals market is showing signs of steadying after a period of intense volatility. Following a historic "speculative blowoff" in January, both gold and silver are attempting to find their footing.
âđ Market Highlights
âGold Stabilization: After dropping nearly 12% recently, gold is holding steady. In India, 24K gold is trading around âč1,56,590 per 10 grams, while international spot gold is hovering near the $5,000/oz mark.
âSilver Rebound: Silver is showing more spark, gaining for a second session to trade near $80/oz (approx. âč2,84,900 per kg in India). This comes as investors buy the dip following a massive correction from its $120+ highs.
âThe "Japan Factor": A landslide victory for Prime Minister Sanae Takaichi in Japan has fueled expectations of expansionary policies, providing a supportive tailwind for bullion.
âInvestor Note: Markets are currently awaiting US inflation and jobs data later this week, which will likely dictate the next major move for the Federal Reserve and interest rates.
â#goldprice #SilverRate #investmentnews #BullionMarket #MarketUpdate
