📉 Bullion Bloodbath: Gold & Silver Tumble as Peace Talks Loom! 🚨

If you were holding out for higher metal prices, today was a reality check. Safe-haven demand evaporated on Thursday, February 5, 2026, as global tensions finally took a back seat to diplomacy.

🥈 The Silver Crash: Down 40% from Peak!

Silver is in a "free fall" state. After hitting record highs less than two weeks ago, it has now surrendered 40% of its value.

Today's Hit: Silver plunged as much as 15% in Asian trading.

MCX Alert: Domestic silver futures hit a lower circuit, trading near ₹2,80,000/kg.

🟡 Gold Takes a Backseat

The "Yellow Metal" wasn't spared either, dropping up to 3.5% today.

Current Levels: Spot gold fell to around $4,840/oz, cooling off significantly from its recent $5,000+ rally.

Domestic Price: MCX Gold is hovering around ₹1,48,455 per 10g.

🛡️ Why the Sudden Exit?

The "Fear Trade" is dissolving. Investors move to gold/silver when they expect war, but they sell when they see handshakes:

🕊️ US-Iran Talks: Washington and Tehran confirmed high-level nuclear negotiations will begin this Friday in Oman. This "de-escalation" cooled the demand for safety.

💵 The Dollar's Revenge: A stronger U.S. Dollar and hawkish signals from the Federal Reserve (with Kevin Warsh as the new Chair nominee) are making non-yielding assets like gold less attractive.

📉 Margin Hikes: The MCX increased margin requirements, forcing many speculative traders to exit their positions quickly.

💡 What Should You Do?

Market experts suggest that while the long-term "bull run" might not be over, we are in a heavy correction phase.

Are you:

Let’s discuss in the comments! 👇