Gold and silver futures rebounded on bargain-hunting after weaker-than-expected U.S. inflation data reignited hopes for Federal Reserve rate cuts this year, offsetting concerns from stronger-than-expected jobs data earlier in the week.

On Friday, MCX silver futures for March 5, 2026 rose 3.62%, up Rs 8,564 to Rs 2,44,999 per kg. Gold futures for April also edged higher by Rs 305, or 0.2%, to Rs 1,56,200 per 10 grams.

In international commodity markets, precious metals rebounded sharply after the previous session’s selloff, with spot silver rising 2.1% to $77.27 per ounce, recovering from an 11% plunge a day earlier. Spot gold also advanced 2.33% to $5,063 and is now up more than 1% for the week. The recovery comes after bullion dropped nearly 3% on Thursday, slipping to its lowest level in almost a week.

The U.S. Consumer Price Index rose 0.2% in January, below economists’ expectations of a 0.3% increase, following an unrevised 0.3% gain in December, the Labor Department said.

Gold, silver levels for Monday

MCX Gold continues to exhibit structural resilience despite global consolidation, supported by relative firmness in USD/INR. The Rs 1,50,000 support band remains a strong demand absorption zone, attracting both physical buying and investment flows, reinforcing the integrity of the medium-term rising channel.
“Price behavior at lower levels indicates accumulation rather than distribution. A sustained move above Rs 1,60,000 would likely re-ignite bullish momentum toward Rs 1,65,000–Rs 1,70,000+, while meaningful downside risk remains limited unless COMEX gold breaches its structural support clusters decisively,” Ponmudi R, CEO of Enrich Money said. MCX Silver continues to build a durable base within the Rs 2,33,000–Rs 2,35,000 structural support zone. Price action reflects gradual absorption, with downside momentum notably weaker compared to the prior week’s volatility spike. Volatility compression at these levels signals accumulation rather than liquidation.

A decisive breakout above Rs 2,65,000 would likely attract momentum participation, targeting Rs 2,80,000+ in the medium term, supported by tightening global supply dynamics and steady industrial offtake.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Bitcoin and Ethereum are hovering around the $68,000 and $2,054 levels, respectively. Experts note that while BTC and ETH remain stable as global macro factors start to align, technical indicators and on-chain data are pointing toward a cautious near-term outlook.

In the past 24 hours, Bitcoin and Ethereum went up 3.73% and 5.51% respectively. Among the major altcoins, XRP, BNB, Solana, Tron, Dogecoin, Cardano, and Hyperliquid gained upto 8%. The global crypto market capitalisation went up 3.52% to $2.36 trillion, according to CoinMarketCap.

Also Read | HDFC Defence Fund exists this small cap stock that went up by 500% in 5 yearsRiya Sehgal, Research Analyst, Delta Exchange said Bitcoin has recovered to around $68,800, holding above its short-term support but still capped below the 50-day EMA near $69,500 and Ethereum mirrors this setup, hovering around $2,050 and consolidating between $1,950 and $2,100.Sehgal further said that broader sentiment remains cautious as traders assess macro liquidity conditions and capital rotation into traditional safe-haven assets such as gold. The market appears to be transitioning from distribution toward early accumulation, but conviction remains fragile pending a clear breakout above key technical levels

In the past week, Bitcoin and Ethereum were down by 2.66% and 1.31% respectively. Among the major altcoins, XRP, BNB, Solana, Dogecoin, Cardano, and Hyperliquid went down over 6% whereas Tron gained 2.50%.
Also Read | Starting out in mutual funds? Here’s how to allocate your investmentsNischal Shetty, Founder, WazirX said Bitcoin trades at $68,882, holding steady as global macro catalysts begin to align. January CPI data showed US inflation moderating to 2.4%, easing inflation concerns. When inflation concerns cool, it reduces uncertainty around aggressive rate hikes and brings stability back into risk assets, including crypto.

Ethereum also reclaimed the $2,000 level after a significant drop in futures open interest, indicating that further excessive leverage has been flushed out, Shetty further said.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Trucking and transport stocks had one of their worst days ever Thursday thanks to a firm that until recently was in the karaoke business. 

The Florida firm, formerly the Singing Machine Co. RIME 222.22%increase; green up pointing triangle and now known as Algorhythm Holdings, published a news release shortly before stock trading opened touting AI technology capable of increasing trucking efficiencies. Algorhythm, which has a stock market value of less than $3 million, hasn’t landed any software clients in the U.S. yet. But its announcement nonetheless rattled the market.

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Company Participants

Cassie Corneau – Manager of Investor Relations & Strategic Finance
Serge Saxonov – Co-Founder, CEO & Director
Adam Taich – CFO, Treasurer, Principal Financial Officer & Principal Accounting Officer

Conference Call Participants

Tycho Peterson – Jefferies LLC, Research Division
Douglas Schenkel – Wolfe Research, LLC
Puneet Souda – Leerink Partners LLC, Research Division
Daniel Arias – Stifel, Nicolaus & Company, Incorporated, Research Division
Kyle Mikson – Canaccord Genuity Corp., Research Division
Daniel Brennan – TD Cowen, Research Division
Patrick Donnelly – Citigroup Inc. Exchange Research
Mason Carrico – Stephens Inc., Research Division
Subhalaxmi Nambi – Guggenheim Securities, LLC, Research Division
Lu Li – UBS Investment Bank, Research Division
Michael Ryskin – BofA Securities, Research Division
Salem Salem – Barclays Bank PLC, Research Division
Casey Woodring – JPMorgan Chase & Co, Research Division
Matthew Larew – William Blair & Company L.L.C., Research Division

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