JKB Financial Services Ltd.

As on : 02-Feb-2026

Other Markets - Bullion Markets
02-Feb-2026 15:19

Gold pulls back sharply after six-month rally as margin hikes spark selloff

Gold recovered part of its losses in Asian electronic trading on Monday, with international bullion futures trading near $4,671 per ounce after briefly sliding to around $4,423 earlier in the session. The partial rebound followed a steep selloff on Friday, when prices plunged over 11% amid aggressive profit-taking triggered by higher margin requirements imposed by the CME Group. The margin hike ' raising gold margins from 6% to 8% and silver from 11% to 15% ' prompted leveraged traders to rapidly unwind positions across COMEX and MCX. Despite the sharp correction from recent record highs, gold remains on course for a sixth consecutive monthly gain, supported by geopolitical risks, economic uncertainty, and persistent weakness in the US dollar. In India, MCX April gold futures slipped nearly 2% to ₹145,396 per 10 grams.

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