Gold and Silver Prices in India on 16 February 2026: Gold Ends Lower, Silver Slides Sharply at Market Close

On Monday, 16 February 2026, precious metals in India closed with both gold and silver easing from recent levels, with silver sliding sharply while gold ended modestly lower. At the close of domestic trading, bullion faced downward pressure amid profit-booking and firm dollar dynamics, with silver exhibiting greater weakness than gold. Global bullion trends and currency movements were key influencers on the day’s price action.

Market Close Gold and Silver Prices (Retail Closing Levels)

Prices reflect approximate retail closing rates across major Indian cities; actual rates may vary by dealer, making charges, and local taxes.

Intraday Movement & Price Direction

Gold opened the session under pressure following an extended run in recent weeks, with futures weakening and the spot market reflecting subdued risk appetite. Throughout the day, bullion consolidated in a narrower range before closing slightly lower than the previous session’s settlement, with incremental profit-booking capping gains. Silver, by contrast, showed a larger intraday pullback, trading in a broad range but ultimately slipping significantly from earlier levels as speculative long positions unwound.

Gold Rate Analysis

Gold ended the trading day on a softer note, with 24K gold in major metros closing around ₹1,57,740-₹1,58,830 per 10 grams, down roughly ₹400-₹800 from recent peak levels. In Delhi, 24K gold settled near ₹1,57,890 per 10 grams, while Mumbai closed at approximately ₹1,57,740. The U.S. dollar index remained firm near the 104 mark during global trading hours, making dollar-priced bullion relatively more expensive in rupee terms.

In the domestic futures market, MCX gold contracts saw intraday swings of nearly ₹600-₹900 before settling marginally lower, indicating profit-booking rather than panic selling. Subdued global trading volumes, partly due to holiday-thinned liquidity in key overseas markets, limited fresh inflows. International spot gold edged lower by around 0.5–1% during the session, reflecting cautious risk sentiment.

While central bank accumulation and geopolitical uncertainties continue to provide structural support, near-term price dynamics suggest consolidation around the ₹1.57-₹1.59 lakh range. Demand from traditional Indian buyers remained stable in retail segments, but the retreat from multi-week highs indicates that earlier bullish momentum has moderated. Compared with silver, gold’s intraday volatility remained contained, reinforcing its relatively defensive positioning within the precious metals complex.

Silver Rate Analysis

Silver underperformed gold on Monday, with retail prices in several metros falling to around ₹2,74,900 per kilogram, while Chennai and Hyderabad quoted closer to ₹2,79,900. This represents a correction of nearly ₹4,000–₹8,000 from recent elevated levels in some markets. On the futures side, MCX silver witnessed wider intraday fluctuations, with price swings exceeding ₹5,000 per kg at certain points before closing significantly lower.

The white metal, which had recorded strong gains over the past month, corrected sharply as speculative and inventory-led buying retraced. Unlike gold, silver’s price action is more sensitive to leveraged positions and industrial demand expectations. Internationally, spot silver declined by over 1-2% during the session, amplifying domestic weakness.

The sharper downside reflects profit-taking from recent peaks near the ₹2.80 lakh per kg mark and softer industrial cues. In multiple trading centres, prices slipped below the ₹2.75 lakh threshold, breaching near-term support levels. The magnitude of silver’s decline relative to gold underscores its higher beta nature, amplifying both gains and corrections within short trading windows.

Key Factors Driving Prices Today

• Firm U.S. Dollar and Global Cues: A relatively strong dollar made dollar-denominated bullion costlier, dampening overseas demand.
• Profit-Booking Activity: Traders trimmed long positions after recent gains, exerting downward pressure on both gold and silver.
• Volatile Silver Sentiment: Silver’s larger percentage moves reflect speculative unwinding and reduced industrial demand narratives.

What Today’s Close Signals for the Market

Monday’s session suggests that the sharp rally seen earlier in February may have temporarily run its course, with market participants reallocating risk exposures. Gold’s relatively smaller drawdown indicates ongoing safe-haven interest, albeit with limited upside momentum. Silver’s broader correction points to heightened volatility and sensitivity to short-term flows, rather than sustained bullish conviction. The interplay between currency movements and external demand cues will likely remain central in the near term.

Verdict for Investors

Today’s close highlights a phase of consolidation in precious metals, marked by cautious positioning and pronounced swings in silver. While prevailing macro drivers such as currency dynamics and global risk sentiment will continue to shape prices, market participants are likely to monitor how these factors evolve to assess the next directional bias for bullion markets.

Gold and Silver Prices in India Hold Firm at Market Close on February 13, 2026

Gold and Silver Prices in India ended firm on 13 February 2026 at market close. Check latest 24K, 22K gold and silver rates across major cities, intraday movement, and detailed market analysis.

StartupTalky- Business News, Insights and StoriesStartupTalky News