🔴 Live Update
Gold prices are trading with heightened intraday volatility, oscillating within a broad range as global macro signals remain mixed. Price action is being influenced by inflation expectations, US dollar movement, real yields, and shifts in futures market open interest.
Market participants are closely monitoring macro data cues and positioning changes for near-term direction, while liquidity remains elevated across key contracts.
🕒 Last updated: 03 February 2026 | IST
📄 Source: Exchange-provided futures market data and official market disclosures
⚠️ This update is informational and reflects observed market conditions only. No price forecasts or investment views are expressed.
Gold Price Today
Live gold market update with current market price, volume trends and technical context.
Gold Current Market Price (CMP)
| Open | ₹146,000.00 |
|---|---|
| Previous Close | ₹143,991.00 |
| Day High | ₹150,890.00 |
| Day Low | ₹137,065.00 |
| Volume | 21,013 |
| Value | ₹3,050,658.93 lakh |
| Open Interest (OI) | 8,518 |
| OI Change | -98 (-1.14%) |
| Lot Size | 1 |
Prices and derivatives data reflect the latest available exchange session figures.
Gold price today reflects active participation and heightened intraday movement, as indicated by strong volume and a wide high–low range. The decline in open interest suggests partial unwinding of positions rather than aggressive fresh buildup.
Broader Market Context and Price Behaviour
Gold price today is reflecting a combination of global and domestic factors that continue to shape short-term price behaviour. Elevated intraday volatility, as seen in the current session, typically coincides with periods of uncertainty around inflation trajectories, interest rate expectations, and currency movements. Market participants often reassess positioning when price swings widen and volumes increase, leading to frequent intraday adjustments.
The relationship between gold prices and bond yields remains a key macro input. Rising yields tend to increase the opportunity cost of holding non-yielding assets, while periods of yield stabilisation or moderation often provide temporary support to gold prices. At the same time, currency dynamics—particularly movements in the US dollar—play a significant role in influencing international gold pricing and cross-market flows.
From a derivatives perspective, changes in open interest provide insight into market positioning rather than direction. A decline in open interest alongside high volume, as observed in the current data, generally indicates position unwinding or profit booking rather than aggressive new directional bets. This suggests that traders are managing exposure amid volatile conditions rather than expressing strong conviction.
Gold also continues to be influenced by broader risk sentiment across global financial markets. Episodes of equity market volatility, geopolitical developments, or uncertainty around central bank policy paths often lead to increased attention on gold as a defensive asset. However, institutional participation tends to remain measured, with allocations evaluated within a diversified portfolio framework rather than as standalone trades.
As macroeconomic data releases approach, gold price today is likely to remain sensitive to incoming information. Inflation readings, employment data, and central bank communications remain the primary triggers shaping near-term market behaviour. Investors and market participants generally monitor these signals closely, recognising that short-term price fluctuations are part of a broader, evolving macro narrative.
Technical Snapshot (Non-Advisory)
| Indicator | Current Observation |
|---|---|
| Price Behaviour | High intraday volatility |
| Trend Structure | Wide trading range |
| Open Interest | Marginal decline, indicating position unwinding |
| Volume Activity | Elevated participation |
Technical observations are descriptive and should not be interpreted as trading signals.
Key Drivers Influencing Gold Price Today
- Global inflation expectations and real interest rate movement
- US dollar and bond yield direction
- Positioning changes reflected through open interest
- Central bank commentary and macroeconomic data
For a broader institutional perspective on precious metals, readers can explore our Gold and Silver Market Outlook.
Liquidity and Participation Trends
Intraday liquidity conditions also play an important role in shaping gold price movements. Higher trading volumes typically indicate active participation from both hedgers and short-term traders, while changes in liquidity can amplify price swings during volatile sessions. Market participants often monitor liquidity alongside open interest to better understand whether price action is driven by fresh positioning or temporary adjustments in existing exposure.
This page is for informational purposes only and does not constitute investment advice. Commodity prices are subject to market risks and may fluctuate based on global and domestic developments.
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