New Delhi, India — February 16, 2026
Gold and Silver Prices Fall Sharply as Markets Turn Volatile
Precious metal prices declined on Monday, with both gold and silver witnessing notable corrections after recent volatility. According to bullion market data, silver prices dropped by ₹7,940 to ₹2.38 lakh per kilogram, while gold fell ₹1,250 to ₹1.55 lakh per 10 grams, reflecting profit-booking and cautious sentiment among investors.
MCX Trading Snapshot
On the Multi Commodity Exchange during the previous trading session:
Silver (March expiry): surged ₹7,280 (3.08%) to close at ₹2,43,715 per kg
Gold (April expiry): rose ₹2,819 (1.84%) to settle at ₹1,55,655 per 10 grams
The earlier surge had revived buying interest in bullion markets, although elevated price levels kept retail buyers cautious.
Global Precious Metals Trend
International markets showed mild profit-booking pressure during Asian trading hours Monday:
Spot gold slipped about 0.27% to $5,033 per ounce
Spot silver fell more than 2% to $76.34 per ounce
Analysts say the pullback follows recent sharp rallies and short-term traders locking in gains.
What’s Driving the Price Volatility?
Experts attribute fluctuations largely to easing inflation concerns in the United States. January’s Consumer Price Index showed a 0.2% moderation, strengthening expectations that the Federal Reserve could consider interest-rate cuts.
Lower interest rates generally support non-yielding assets like gold and silver because they reduce the opportunity cost of holding them.
Recent Price Trend
Late January: Gold crossed $5,600 per ounce to reach a record high.
Early February: Heavy selling pushed prices below $4,500.
Current phase: Prices have recovered roughly half of those losses amid volatile trading.
Market watchers say the mixed signals are keeping traders cautious, with future direction dependent on inflation data, interest-rate expectations, and global economic sentiment.
Market Outlook
Commodity strategists note that bullion markets are currently in a consolidation phase. While long-term demand remains supported by geopolitical uncertainty and central bank buying, short-term movements may stay volatile as investors react to macroeconomic indicators.
