Editor’s Note
This article examines the factors influencing gold and silver prices in the Indian market, focusing on domestic seasonal demand and international economic signals. It provides a forecast for February 10, 2026, based on expert analysis of current MCX trends.
Amidst the buzz in global markets due to the wedding season and Valentine’s Week, and fresh signals from the US economy, significant changes are being observed in the prices of gold and silver (Gold Price Prediction) for February 10, 2026, in the Indian bullion market. The movement of gold on the Multi Commodity Exchange (MCX Gold Rate) remains a topic of discussion for both investors and general buyers (10 February Gold Forecast). Market experts believe that gold prices are currently at a decisive juncture, from where they could either touch new highs or witness profit booking.
In today’s morning trading session, gold futures on MCX were seen trading within a limited range. According to experts, fluctuations in the Dollar Index at the international level are having a direct impact on the domestic market. If the dollar strengthens, pressure on gold could increase, but if there are signs of softening in US Federal Reserve policies, gold’s shine could increase further. Technical charts for today indicate that gold is trading near its crucial support level.
Analysts say that US economic data will play a crucial role in determining the direction of gold prices today. Additionally, geopolitical tension is also a major factor strengthening gold as a safe-haven investment. Demand from the wedding season in India is also supporting prices at lower levels. Demand for physical gold from jewelers persists, making a significant decline appear less likely.
Not just gold, but investors are also keeping an eye on silver prices. Due to rising industrial demand and the use of silver in the EV sector, stability is being observed in its prices. Silver prices on MCX could be more volatile compared to gold. Traders have been advised to enter the market with small stop-losses.
Commodity experts suggest that today could be a bit risky for intra-day traders. Long-term investors are advised to adopt a ‘buy on dips’ strategy. Market sentiment remains positive, but it is crucial to keep a close eye on global signals.
Small investors are currently in a ‘wait and watch’ mode, while large investors see the dip as a buying opportunity.
A big movement could come in gold prices after the US market opens in the evening. It will be necessary to keep an eye on US bond yields and the dollar’s movement.
Investors are awaiting the upcoming US CPI (inflation) data, which will clarify the Federal Reserve’s next move on interest rates.
While demand for physical gold (jewelry and coins) remains in place, young investors’ inclination towards Sovereign Gold Bonds (SGB) and Gold ETFs has increased rapidly. Today’s younger generation considers this a safe and hassle-free investment, as it does not involve making charges or security concerns. Good trading volume is expected on digital gold platforms on February 10 as well.