Gold and Silver Prices in India End Lower at Market Close on February 10, 2026: MCX Correction Analysis

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10 Feb 2026 — 3 min read

Gold and Silver Prices in India End Lower at Market Close on February 10, 2026: MCX Correction Analysis

Gold and silver prices in India closed lower on February 10, 2026, reversing gains from the prior sessions amid profit-booking and a rebounding US dollar. MCX gold for April delivery settled at ₹1,57,389 per 10 grams, down 0.43%, while silver futures fell over 1%. A firmer dollar index at around 96.90 capped upside potential in domestic bullion markets.

Silver and Gold Market Close Prices (Approx.)

Retail closing rates for gold and silver across major cities showed modest declines, with variations due to local taxes and making charges. These figures reflect evening spot prices post-MCX settlement.

City	24K Gold (₹/10g)	22K Gold (₹/10g)	Silver (₹/kg)
Delhi	1,58,060	1,44,900	3,00,100
Mumbai	1,57,910	1,44,750	2,90,000
Chennai	1,59,060	1,45,800	3,00,100
Bengaluru	1,57,910	1,44,750	2,90,000
Hyderabad	1,57,910	1,44,750	3,00,000
Kolkata	1,57,910	1,44,750	2,90,000

Disclaimer: Prices are indicative retail closing rates; actual rates may vary slightly by locality and jeweller.

Intraday Movement & Price Direction

Gold opened lower on MCX, with April futures starting at ₹1,56,001, down ₹2,065 from the previous close—before fluctuating between ₹1,56,001 and ₹1,58,070, ending at ₹1,57,389 after a ₹677 drop. Silver exhibited higher volatility, with March futures ranging from ₹2,57,715 to ₹2,60,527 and closing down ₹3,470 at ₹2,62,620, a 1.32% decline, amid sharper intraday swings. Profit-booking dominated after two days of gains, with both metals consolidating in negative territory post-midday.

Gold Rate Analysis

Domestic gold prices faced pressure from a strengthening dollar index, which rose 0.09% to 96.90, reducing its appeal as a safe-haven asset in rupee terms. The USD-INR pair eased slightly to 90.66 by close, providing minor support, but global spot cues remained muted ahead of US data releases. Gold tested intraday resistance near ₹1,58,000 on MCX but closed below key levels, reflecting consolidation after recent highs around ₹1,58,066.

Silver Rate Analysis

Silver underperformed gold with greater volatility, dropping 1.23% on MCX February futures to ₹2,70,370 from a range of ₹2,65,251-₹2,68,498, driven by softer industrial demand signals amid cautious global risk sentiment. Retail rates held around ₹2,90,000–₹3,00,100 per kg, up marginally from yesterday's ₹3,00,000 average, but intraday swings exceeded ₹5,000 in futures, highlighting its sensitivity to equity flows. Unlike gold's steady safe-haven bid, silver's industrial usage in electronics and solar kept it vulnerable to economic previews.

Key Factors Driving Gold and Silver Prices Today

Stronger US Dollar: Dollar index climbed to 96.90, up 0.04-0.09%, pressuring bullion as a non-yielding asset; USD-INR dipped 0.07% to 90.66.
Profit-Booking Post-Rally: After Monday's 2% gold and 6% silver gains on MCX, investors locked in profits amid range-bound global spots.
Upcoming US Data Cues: Markets awaited US CPI, retail sales (forecast 0.4%), and jobs figures, fostering caution and limiting fresh bullish momentum.
Positive Equity Sentiment: Sensex and Nifty closed higher for a third session, Nifty at 25,935 (+0.5% intraday), diverting some risk appetite from metals.

What Today’s Close Signals for the Market

Tuesday's lower close points to consolidation after a multi-session uptrend, with silver's sharper 1.3% drop versus gold's 0.4% indicating easing momentum and heightened volatility in the white metal. The Doji-like pattern on Nifty suggests market indecision spilling into commodities, while steady RBI gold reserves above 880 tonnes underscore long-term institutional interest amid global uncertainties. Overall, prices remain range-bound, with volatility easing slightly but sensitive to Thursday's US inflation print.