Gold, Silver Prices Dip Slightly After Two Days of Gains
Analysts said the movement in precious metals was influenced by global trends, currency fluctuations and investor caution ahead of key US economic data
Feb 10, 2026 – After two straight sessions of gains, gold and silver prices in India dipped slightly on Tuesday (February 10), showing volatility amid global market cues and profit-booking.
Spot gold dropped 1% to $5,016.56 per ounce earlier today. MCX gold February Futures fell 0.33% to Rs 1,57,550 per 10 grams while MCX silver March Futures fell 1.92% to Rs 2,57,567 per kg.
The price of 24-carat gold was at around Rs 1,56,000 to Rs 1,58,000 per 10 grams across major cities, with southern markets such as Chennai reporting slightly higher rates. Silver prices, which had recently surged, were fluctuating between about Rs 2.6 lakh and Rs 3 lakh per kilogram depending on the city and market session. In Delhi, silver was at Rs 3,019 per 10 grams while 24 carat gold was at Rs 1,56,870 per 10 grams.
Gold prices in different cities vary because of various factors such as State taxes, octroi charges, demand, bullion associations, etc.
Analysts said the movement in precious metals was influenced by global trends, currency fluctuations and investor caution ahead of key US economic data that could impact interest-rate expectations.
However, despite short-term corrections, demand for gold and silver remains supported by their status as safe-haven assets during periods of economic uncertainty, keeping prices near historically high levels in the domestic market.
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