New Delhi, India — February 14, 2026
Gold and silver prices posted a sharp rally on Valentine’s Day, driven by strong buying interest and supportive global economic signals. On the domestic futures market, silver surged by about ₹8,110 to nearly ₹244,545 per kilogram, while gold rose ₹3,266 in the latest trading session.
On the Multi Commodity Exchange, the spike reflected heightened investor demand for safe-haven assets amid shifting macroeconomic expectations.
Domestic Market Rates
In India’s physical bullion market, 24-karat gold in Delhi climbed to approximately ₹157,900 per 10 grams, while Mumbai prices reached around ₹157,750 per 10 grams.
Just a day earlier, gold in Delhi’s bullion market had fallen roughly ₹2,400 (about 1.5%) to ₹158,500 per 10 grams. Silver had also declined sharply, dropping ₹13,500 to about ₹255,000 per kilogram before rebounding.
Global Precious Metals Rally
Internationally, precious metals also strengthened. Spot gold traded near $4,968 per ounce, while gold futures on COMEX settled around $5,046 per ounce, marking roughly a 2% intraday gain. Silver prices similarly jumped more than 3% to about $77.96 per ounce.
Cooling U.S. Inflation Boosts Demand
Market analysts attributed the rally to weaker-than-expected U.S. inflation data, which pressured the dollar and encouraged investors to shift toward safe-haven assets.
The U.S. Consumer Price Index for January 2026 stood at 2.40%, below market expectations of 2.50%, though slightly higher than December 2025 by 0.30%. Lower-than-forecast inflation typically supports precious metals by reducing expectations of aggressive monetary tightening.
