New Delhi, India – February 13, 2026

Gold and silver prices witnessed a sharp decline on Friday, reflecting ongoing volatility in precious metals markets.

During early trade on the Multi Commodity Exchange of India (MCX), gold prices fell by ₹6,074 to ₹1,52,681 per 10 grams. Silver saw a steeper drop of ₹26,518, trading at ₹2,36,500 per kilogram.

Domestic Market Update

According to the All India Sarafa Association, 99.9% pure gold declined by ₹400 on Thursday to ₹1,60,900 per 10 grams in the physical market.

Silver prices in the domestic bullion market remained unchanged at ₹2,68,500 per kilogram during the previous session.

International Market Trends

In global markets, mixed signals emerged.

On COMEX, silver experienced value buying, climbing to an intraday high of $77.045 per ounce — reflecting a gain of over 1.25% shortly after the opening bell.

COMEX gold also traded near the $5,000 per ounce level in early Asian hours, posting an intraday rise of approximately 1.10%.

How Far Have Prices Fallen From Their Peak?

After an exceptional rally last year, gold and silver have entered a volatile correction phase in 2026. Both metals have retreated roughly 16% to 43% from their recent highs.

Market analysts attribute the decline to:

• Strength in the U.S. dollar

• Shifting expectations around Federal Reserve policy

• Profit booking after record highs

Long-Term Outlook: Opportunity or Risk?

Despite the recent pullback, several analysts view the correction as part of a broader multi-year uptrend.

Domestic brokerage MK Wealth suggests gold and silver may remain in a 3–5 year bull cycle, supported by favorable macroeconomic conditions, structural demand, and evolving investor preferences.

The firm advises investors to:

• Maintain exposure as part of a diversified portfolio

• Avoid lump-sum investments

• Consider staggered accumulation during price corrections

Market Snapshot

• MCX Gold: ₹1,52,681 per 10g (down ₹6,074)

• MCX Silver: ₹2,36,500 per kg (down ₹26,518)

• COMEX Silver: $77.045 per ounce (intraday high)

• COMEX Gold: Near $5,000 per ounce