Gold and Silver Prices in India End Slightly Lower on February 12: Retail Close Snapshot

StartupTalky News

12 Feb 2026 — 3 min read

Gold and Silver Prices in India End Slightly Lower on February 12: Retail Close Snapshot

Retail gold prices in India closed marginally lower on February 12, 2026, while silver dipped modestly amid subdued global cues and local profit-taking. Domestic rates reflected a cautious trading day, influenced by a steady USD-INR exchange rate near ₹83.50 and softer equity benchmarks. Safe-haven demand provided some floor, but lacked momentum for fresh advances post recent volatility.

Market Close Gold and Silver Prices

Retail closing rates for gold hovered around ₹15,900-15,950 per gram for 24K (or ₹1,59,000-1,59,500 per 10g), with silver at approximately ₹2,89,900 per kg across major cities, down ₹100 from prior levels. These figures account for local making charges and taxes.

City	24K Gold (₹/10g)	22K Gold (₹/10g)	Silver (₹/kg)
Delhi	1,59,500	1,46,400	2,89,900
Mumbai	1,58,900	1,45,700	2,89,900
Chennai	1,59,900	1,47,800	2,99,900
Bengaluru	1,58,900	1,45,700	2,89,900
Hyderabad	1,58,900	1,45,700	2,99,900
Kolkata	1,58,900	1,45,700	2,89,900

Disclaimer: These are indicative retail closing rates sourced from major aggregators; actual prices may vary due to local premiums, purity, and jeweller policies.

Intraday Movement

Gold opened around ₹1,59,000 per 10g on spot markets, traded in a ₹1,000 band, and settled with a ₹500-1,000 dip by close, showing contained volatility. Silver mirrored this, fluctuating ₹2,89,000-2,90,000 per kg before easing ₹100, with slightly higher swings tied to industrial sentiment. Profit booking dominated after early firmness, keeping moves range-bound.

Gold Rate Analysis

Domestic 24K gold faced mild pressure from global spot prices easing near $3,320 per ounce, compounded by a flat dollar index around 97. Rupee stability at ₹83.45/USD limited upside, while MCX futures near ₹1,58,000 per 10g tested short-term supports post-February highs. Safe-haven flows from equity declines offered a partial cushion, fostering consolidation.

Silver Rate Analysis

Silver retail rates corrected ₹100 to ₹2,89,900 per kg, underperforming gold amid waning industrial optimism despite tech sector resilience. Intraday volatility exceeded gold's by 0.5%, with dips to ₹2,89,000 absorbed quickly but failing to reclaim ₹2,90,000. Equity weakness amplified swings, yet demand from electronics provided relative stability.

Key Factors Driving Prices Today

Global spot softening: COMEX gold and silver off 0.5-1%, reflecting profit-taking after rally without fresh geopolitical triggers.
Currency steadiness: USD-INR at ₹83.45 offered no major import relief; DXY flat at 97 curbed bullion gains.
Equity market drag: Sensex closed 558 points down at 83,674, Nifty at 25,807, diverting mild hedging flows.
Retail-MCX divergence: Spot retail dipped less than MCX futures (silver -1.24% to ₹2,59,747/kg), highlighting local premium resilience.

What Today’s Close Signals

Slight declines signal consolidation within February's broader downtrend from ₹3,50,000/kg silver peaks, with silver down 17% month-to-date. Volatility eased to multi-week lows, and supports at ₹1,58,000 (gold) and ₹2,89,000/kg (silver) held firm. Ongoing equity softness and impending US CPI data point to range-trading persistence over directional bets.