Gold and silver prices moved higher in global markets as investors wait for important payroll data. Precious metals are getting strong attention because the next economic numbers can decide market direction for February and March 2026.
Right now traders are watching inflation, interest rates and job data closely. Because of this uncertainty safe haven demand for gold and silver is increasing again.
Current Gold Price 2026
Gold price is trading near $2,420 per ounce in international market. In India gold price is around ₹71,500 per 10 grams for 24K gold.
Last week gold price was near $2,360, which means price already increased almost $60 in just few days. Many analysts believe if buying continues gold can soon test $2,500 level.
Gold Price Support and Target
- Strong support: $2,350
- Major support: $2,300
- Resistance level: $2,450
- Next target: $2,500 to $2,550
In India market, experts say gold can touch ₹75,000 per 10 grams in 2026 if global uncertainty continues.
Silver Price Update 2026
Silver price is also rising with gold. Silver is trading near $29.80 per ounce globally. In India silver price is around ₹86,000 per kg.
Silver price increased almost 8% in last one month because of industrial demand and safe investment buying.
Silver Price Levels
- Support: $28
- Major support: $26
- Resistance: $30
- Next target: $34
Experts believe silver can cross ₹95,000 per kg in India by mid 2026 if demand remains strong.
Why Payroll Data Is Important
US payroll data shows how many jobs were added in economy. This report directly affects gold and silver prices.
Market expectation for upcoming payroll report:
- Expected job addition: 1.80 lakh jobs
- Previous month jobs: 2.10 lakh
- Unemployment rate expected: 3.9%
If job numbers come lower than expected, gold and silver may rise fast. Weak job data means economy slowing and interest rate cuts may come.
If job numbers come strong, metals can face short term selling pressure.
Interest Rate and Dollar Impact
US interest rates currently near 5.25% to 5.50%. High interest rates usually pressure gold but now investors expecting rate cuts in late 2026.
Dollar index is trading near 103 level. When dollar weakens, gold and silver usually rise.
Many investors now shifting money from stocks to safe assets like gold and silver because market risk increasing.
Demand From Central Banks
Central banks are also buying gold heavily.
In 2025 global central banks bought around 1,050 tonnes gold. In 2026 demand expected to remain strong especially from:
- China
- India
- Russia
- Middle East countries
This strong buying is supporting gold prices in long term.
Investment Demand Rising in India
In India gold investment demand increased almost 12% in last year. Many people buying gold as safe investment instead of keeping cash.
Silver demand also rising because of solar panel and electric vehicle production. India industrial silver demand expected to grow 15% in 2026.
What Investors Should Do
Market experts suggest investors should stay careful before payroll data.
Smart strategies now:
- Buy gold in small quantity on dips
- Hold long term investment
- Avoid panic selling
- Watch interest rate news
- Track payroll data release
Short term volatility can happen but long term trend for precious metals still looks strong.
2026 Gold and Silver Prediction
Many analysts predict strong year for precious metals.
Gold 2026 prediction:
- Minimum target: $2,500
- High target: $2,700
- India target: ₹78,000 per 10g
Silver 2026 prediction:
- Minimum target: $34
- High target: $40
- India target: ₹1,00,000 per kg
Final Words
Gold and silver prices are rising as investors wait for key payroll data. With gold near $2,420 and silver near $30, market is preparing for big move.
If payroll data weak comes, gold and silver may rally fast. If data strong comes, short term fall possible. But long term outlook still positive for 2026.
Investors should stay alert and watch economic data carefully because next few days can decide market direction.