Feb 2 (Reuters) - Gold extended falls on Monday, pressured by a firm dollar, as investors gauged U.S. President Donald Trump's Fed chair pick Kevin Warsh's approach to interest rate cuts, while silver recovered from a more than three-week low hit on Friday.

Gold fell on Thursday as investors took profits after a record high, yet prices remained on course for their best month since the 1980s amid heightened economic and geopolitical uncertainty. Spot gold was 1.3% lower at $5,330.20 an ounce.

Gold, Silver Rates Today Live Updates: 24-carat gold on MCX fell to ₹1,36,185 per 10 grams, down from an opening price of ₹1,46,800 per 10 grams on Sunday, the day of the Union Budget 2026, showing heavy selling and sharp price swings during the session,

Gold and silver prices rise again on the back of a weaker U.S. dollar.

Gold and silver prices declined to multi-week lows amid a firm dollar and as increases in CME precious metals margin requirements were set to take effect on session close weighing on prices.

Gold saw an unusually sharp selloff that tested key moving averages, signaling a possible short-term top while maintaining critical support near the 20-day line.

Silver prices have so far refused to quit on Monday, with the white metal on track for a daily gain of more than 15% in recent trading. The explosive move has pushed the gold-to-silver price ratio to a new low — this time,