Editor’s Note
This article reports on the decline in gold and silver prices on the MCX for February 10, 2026, detailing the day’s significant losses and volatility.
Gold and silver prices fell on Tuesday. Both metals opened lower on the MCX. As the market opened, gold for April delivery fell by more than ₹800. Meanwhile, silver for March delivery also tumbled by more than ₹3000. The prices of both metals fluctuated for some time. Later, silver fell by more than ₹5000. Although gold recovered somewhat, the decline exceeded ₹1000 by the afternoon.
The day before, gold and silver had seen gains. Gold closed at ₹1,58,394 per 10 grams, up by ₹328. Meanwhile, silver for March delivery closed at ₹2,62,745, up by ₹125. In the national capital’s Sarafa Bazaar on Monday, silver prices had risen over six percent to ₹2.72 lakh per kilogram, while gold rose nearly one percent to ₹1.58 lakh per 10 grams.
This was stated by Manoj Kumar Jain of Prithvi Finmart.
In the Sarafa Bazaar of the national capital on Tuesday, silver prices fell by ₹7,500 or nearly three percent to ₹2.64 lakh per kg, while gold prices rose by ₹2,200 per 10 grams despite a strong dollar. According to the All India Sarafa Association, silver tumbled ₹7,500 from Monday’s closing price of ₹2,72,000 per kg to ₹2,64,500 per kg (including all taxes).
A decline was seen in gold prices on Tuesday. In the futures market, gold fell to ₹1.57 lakh for 10 grams. This happened as investors booked profits after the previous day’s gains. On the Multi Commodity Exchange (MCX), gold for April delivery fell by ₹677 or 0.43% to ₹1,57,389 per 10 grams. The day before, gold prices had risen 1.7%. In Ahmedabad, the price of 24-carat gold is ₹15,796 per gram. 22-carat gold is selling at ₹14,480 per gram, while 18-carat gold is priced at ₹11,849 per gram.
Gold and silver prices saw a modest decline on Tuesday due to a stronger dollar and profit-booking. However, geopolitical uncertainties continued to support the precious metals in the medium term. On Tuesday, the dollar index rose from the previous session’s 96.82 to 97.01. The strengthening dollar made bullion (gold-silver) traded in US dollars slightly more expensive for foreign buyers.
Gold and silver prices fell on Tuesday. Meanwhile, according to an expert, gold prices could rise in the coming days. Renowned investor Peter Schiff believes that prices of these precious metals will rise further due to a weakening US dollar and changing methods of money transactions worldwide.
The fall in gold and silver prices on Tuesday has worried investors. Both metals have been in the spotlight for the past few days. According to experts, volatility in gold and silver prices will persist due to fluctuations in the dollar index, the US government shutdown, and ongoing geopolitical tensions. Today in Chennai, the price of standard gold (22 carat) is ₹1,17,208 for 8 grams, while pure gold (24 carat) is ₹1,27,864 for 8 grams.
Tuesday brought some disappointment to investors who have invested in gold and silver. This happened because gold and silver prices fell. International markets also saw a modest decline in gold and silver prices. Spot gold fell 0.36% to $5,066.56 per ounce. Meanwhile, spot silver fell 0.44% to $81.20 per ounce. Today in Mumbai, the price of standard gold (22 carat) is ₹1,15,808 per 8 grams, while pure gold (24 carat) is ₹1,26,336 per 8 grams.
Gold and silver fell on Tuesday. On MCX, silver’s March 2026 futures contract fell by 2%. It fell by ₹4,905 to ₹2,57,715 per kilogram. Gold’s April 2026 futures contract also fell by ₹2,005 or 2% and was trading at ₹1,56,001 per 10 grams. Today in Delhi, the price of 22-carat standard gold is ₹1,15,928 for 8 grams, while 24-carat pure gold is ₹1,26,456 per 8 grams.