Mumbai, February 14 – Gold prices fell by almost 1.82% during the week, as investors remained cautious amid high volatility with the dollar showing occasional periods of strength.
Meanwhile, on Friday, MCX gold February futures rose by 0.20%, while MCX silver March futures increased by 3.62%. Currently, gold futures stand at ₹1,56,200, while silver futures are at ₹2,44,999 per kg.
According to data published by the India Bullion and Jewellers Association (IBJA), the price of 10 grams of 24-carat gold was ₹1,52,765 on Friday, down from ₹1,55,593 seen on Monday.
Gold traded positively in the early session on Friday, but the overall tone remained volatile and weak after a sharp sell-off from ₹1,58,000 to ₹1,54,000, as prices failed to sustain above the ₹1,60,000 mark, said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
Resistance is now firmly placed near ₹1,60,000, and if gold continues to trade below ₹1,56,000, a retest of the ₹1,51,000 support zone cannot be ruled out, the analyst said.
Gold and silver prices rebounded strongly on Friday, buoyed by the softer-than-expected US CPI data, which put pressure on the US dollar. The US Bureau of Labor Statistics reported that US CPI inflation was 2.40% in January 2026, which was below market expectations of 2.50%, but 0.30% higher than the December 2025 CPI inflation.
Analysts said that structural supply deficits and industrial demand from green energy, EVs, AI and electronics for silver continue to underpin its bullish bias, also noting relentless gold accumulation by the central bank.
Market participants forecasted that gold and silver have entered a 3-5 year bull run, supported by favourable macroeconomic conditions, structural demand trends, and shifting investor preferences.
However, they maintained that investors should only hold gold and silver as part of a diversified portfolio with 10–15% of their portfolios in precious metals. Any incremental additions should be made during periods of correction, they added.
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