New Delhi, India — February 18, 2026
Gold & Silver Price Today — Market Report
Precious metal prices showed an upward move on Wednesday, with silver recording a sharp rise and gold trading near a key price level. The rebound comes after recent declines, reflecting ongoing volatility in bullion markets.
Domestic Market Movement
In the latest trading session:
Silver surged by ₹2,700
Gold climbed to around ₹1.53 lakh per 10 grams
However, earlier MCX data showed sharp declines:
Silver had dropped ₹8,000 to ₹2.59 lakh per kg
Gold had fallen ₹3,111 to ₹1.51 lakh per 10 grams
This indicates rapid price fluctuations within a short period.
Global Precious Metals Trend
Internationally, gold and silver had logged losses for three consecutive sessions due to reduced liquidity in Asian markets during Lunar New Year holidays.
Spot gold traded near $4,901 per ounce
Spot silver declined over 1% to about $72.30 per ounce
Lower trading volumes contributed to downward pressure earlier.
Distance From Record Highs
Despite current movements:
Gold remains about 15% below its record high of $5,626.80 per ounce
Silver is roughly 67% below its peak of $121.78 per ounce
Why Prices Have Been Volatile
Analysts say the strong U.S. dollar has been a major factor affecting metals.
Dollar Index rose 0.40% to 97.28
Stronger dollar makes bullion more expensive for foreign investors
Demand tends to weaken globally when the dollar strengthens
Other Global Influences
Several macroeconomic and geopolitical elements are shaping investor sentiment:
Key Asian markets — China, Hong Kong, Singapore, Taiwan, South Korea — remained closed for Lunar New Year
Investors are awaiting minutes from the Federal Reserve January meeting for policy signals
Preparations for indirect nuclear talks between the U.S. and Iran in Geneva are also contributing to cautious trading
So far, no major agreement signals have emerged, keeping markets watchful.
Market Outlook
Experts expect continued volatility in precious metals due to:
Currency fluctuations
Interest rate expectations
Geopolitical developments
Return of full trading volumes after holidays
