New Delhi, India — February 26, 2026
Gold and silver prices declined in the domestic market on Thursday, tracking mild weakness in global bullion markets amid profit-taking and geopolitical developments.
In India, silver prices fell by ₹2,970 to settle at ₹2.66 lakh per kilogram, while gold prices declined by ₹430 to reach ₹1.61 lakh per 10 grams, according to market data.
Global Gold and Silver Trends
In international markets, both precious metals recorded modest losses after gaining in the previous session.
Spot gold slipped about 0.48% to trade near $5,201 per ounce during Asian trading hours.
Spot silver declined roughly 2%, hovering around $89.5 per ounce.
The pullback comes after recent gains supported by safe-haven demand.
Factors Behind the Price Movement
Analysts attribute the softness in prices to profit-booking by investors and cautious sentiment surrounding global geopolitical events and U.S. trade policy developments.
Precious metals had recently drawn support due to escalating tensions in West Asia and increased demand for safe-haven assets. However, Thursday’s session saw limited pressure amid mixed market signals.
The United States has imposed new sanctions on more than 30 entities linked to Iran’s oil and arms trade, heightening regional tensions ahead of proposed discussions in Geneva regarding Iran’s nuclear program. Increased U.S. military activity and warnings have contributed to ongoing uncertainty in global markets.
Additionally, trade policy signals from Washington have influenced sentiment. The U.S. administration has indicated that tariff rates could be raised up to 15% where deemed necessary, adding to concerns about global trade and economic growth. Such developments typically lend support to safe-haven assets like gold.
Dollar Index and Market Impact
The U.S. Dollar Index slipped below 97.8, making dollar-denominated commodities relatively cheaper for foreign investors. A weaker dollar generally supports demand for gold and silver, although current mixed signals have resulted in only a limited decline in prices.
Market participants continue to monitor geopolitical risks, trade developments, and currency movements for further direction in precious metal prices.
