Gold and silver prices declined sharply on the MCX in early trading as expectations of a US Federal Reserve rate cut weakened. Gold April futures fell over 1% to around ₹1,56,655 per 10 grams, while silver dropped nearly 2%.
Gold and silver prices declined in India on Thursday as global precious metal markets weakened due to a stronger US dollar and fading hopes of interest rate cuts. On the Multi Commodity Exchange of India, gold futures slipped below ₹1.62 lakh per 10 grams while silver prices also dropped significantly.
Gold and silver prices declined in India as a strong US dollar and global uncertainty triggered selling pressure in the bullion market. MCX gold slipped below ₹1.61 lakh per 10 grams, while silver dropped over 1%.
Gold and silver prices opened higher on the MCX as geopolitical tensions and a stronger dollar boosted safe-haven demand. Gold rose to ₹1.62 lakh per 10 grams while silver surged nearly 2% to ₹2.70 lakh per kilogram.
Gold prices recorded a modest gain on February 19, with domestic futures on MCX rising slightly while international rates hovered near the $5,000 mark on Comex. IBJA benchmark prices also moved higher.
Gold and silver prices declined in domestic and global markets as a stronger dollar, thin Asian trading during Lunar New Year holidays, and profit booking weighed on sentiment.
Gold prices fell nearly 1% on MCX due to profit booking after the previous session’s rally, while silver dropped around 3% following US CPI data and a stronger dollar index.
Gold and silver prices in India showed fresh strength on MCX after a volatile start to 2026, with both metals rebounding amid global uncertainty and shifting interest rate expectations.
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