Gold rate today, Jan. 31 -- The margin-hike trigger on the Chicago Mercantile Exchange (CME) triggered aggressive profit-booking, leading to a sharp crash in gold and silver prices. The COMEX gold price closed over 11% lower at $4,763.10 per ounce. Similarly, the COMEX silver price also dropped.

MCX gold price for April futures closed at Rs.1,50,849 per 10 gm, down 0.98% against the previous day's close price of Rs.1,52,345 per 10 gm. MCX silver price for March futures ended at Rs.2,91,922 per kg, Rs.1,28,126 or 30.50% away from the record high of Rs.4,20,048 per kg.

Notably, gold prices last year experienced their strongest bull run since 1979, rising by over 75%. So far in 2026, the yellow metal has increased by 17% on a month-to-date...