Editor’s Note
This article highlights a significant rebound in domestic gold and silver prices on Valentine’s Day, following a recent decline. The figures quoted are specific to the Indian market, with prices varying between major cities like Delhi and Mumbai.
On the occasion of Valentine’s Day on Friday, gold and silver gained strong momentum in the domestic bullion and commodity markets. On the MCX, silver jumped by about 8,110 rupees to reach 244,545 rupees per kilogram, while gold strengthened by approximately 3,266 rupees. In Delhi, 24-carat gold rose to around 157,900 rupees per 10 grams, while in Mumbai, it was quoted at about 157,750 rupees per 10 grams. Just a day earlier, the bullion market had seen a decline—gold in Delhi had fallen by about 2,400 rupees to 158,500 rupees per 10 grams, and silver had slipped by 13,500 rupees to 2.55 lakh rupees per kilogram.
Precious metals also remained strong on the global front. Spot gold was seen trading around $4,968 per ounce, while on COMEX, gold closed near $5,046 per ounce—marking an intraday jump of about 2%. Silver also climbed over 3% to reach approximately $77.96 per ounce.
US inflation in January 2026 stood at 2.40%, which was lower than the market estimate of 2.50%, although it is 0.30% higher than December 2025.
Analysts believe that despite recent volatility, the long-term uptrend in precious metals remains intact.
Experts are advising investors to hold gold and silver in their portfolios for diversification and to make phased purchases during periods of decline—as the current weakness is seen as a correction within a longer-term bullish trend.