Editor’s Note
This article highlights a significant surge in precious metal prices on Valentine’s Day, with silver and gold posting sharp gains on the MCX. The data reflects a notable market movement for investors and consumers tracking daily rates.
On the occasion of Valentine’s Day, Friday witnessed a sharp rally in gold and silver prices. On the MCX, the price of silver jumped by approximately Rs 8,110 to reach Rs 2,44,545 per kilogram, while gold recorded a gain of Rs 3,266.
In the capital Delhi, the price of 24-carat gold rose to approximately Rs 1,57,900 per 10 grams, while in Mumbai, it reached around Rs 1,57,750 per 10 grams. Just a day earlier, in Delhi’s bullion market, the price of gold had fallen by about Rs 2,400 (approximately 1.5%) to Rs 1,58,500 per 10 grams. Meanwhile, the price of silver had dropped by Rs 13,500 to Rs 2.55 lakh per kilogram.
Precious metals also remained strong in the global market. Spot gold was trading around $4,968 per ounce, while gold on COMEX closed at approximately $5,046 per ounce, recording an intraday gain of about 2%. Similarly, the price of silver also jumped over 3% to reach around $77.96 per ounce.
The US inflation rate for January 2026 stood at 2.40%, which was lower than the market expectation of 2.50%, although it is 0.30% higher compared to December 2025.
According to brokerage firm MK Wealth, favorable global macroeconomic conditions, structural demand, and changing investor preferences could support gold and silver for the next 3-5 years.
Experts have advised investors to hold gold and silver to maintain portfolio diversification and invest in a phased manner during declines, as the current volatility is being viewed as a correction within a long-term uptrend.
