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.
🌟 Market Highlights
Gold Stabilization: After dropping nearly 12% recently, gold is holding steady. In India, 24K gold is trading around ₹1,56,590 per 10 grams, while international spot gold is hovering near the $5,000/oz mark.
Silver Rebound: Silver is showing more spark, gaining for a second session to trade near $80/oz (approx. ₹2,84,900 per kg in India). This comes as investors buy the dip following a massive correction from its $120+ highs.
The "Japan Factor": A landslide victory for Prime Minister Sanae Takaichi in Japan has fueled expectations of expansionary policies, providing a supportive tailwind for bullion.
Investor 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.
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