Mumbai, January 30, 2026: Gold and silver futures witnessed a sharp sell-off in early trade on Friday, with both precious metals trading deep in the red during the morning session. The decline was visible across intraday charts, with prices slipping below key reference levels amid sustained selling pressure.
Gold Futures Extend Losses
Gold futures for the February 5, 2026 expiry were trading at ₹1,61,791 per 10 grams around 09:10 IST, down ₹7,612 or 4.49 percent from the previous close of ₹1,69,403.
The intraday chart showed a steep drop soon after the session began, followed by a brief attempt at stabilization before prices continued to trade at lower levels. The day’s trading range stood between ₹1,59,250 and ₹1,67,999, while the...