New Delhi, Feb. 2 -- Precious metals-gold and silver-are witnessing wild swings during Monday's intraday session, with gold prices recovering all of their intraday losses and turning positive, while silver also erased most of its early-day losses, though it still trades with losses.

The February gold futures contract on MCX opened the session lower at Rs.1,46,500 per 10 grams, with selling pressure intensifying and dragging the metal to the day's low of Rs.1,37,065 before it recovered Rs.13,825 to the day's high of Rs.1,50,890.

However, prices are still down 21% from Thursday's peak of Rs.1,80,779. During Friday's session, gold prices tanked nearly Rs.20,000 per 10 grams to Rs.1,49,653, marking the biggest intraday crash in over a decad...