New Delhi, India: On the first trading day of the week, gold and silver prices opened lower, showing a sharp decline on the MCX. Silver dropped by over ₹8,000, while gold fell by more than ₹1,000 in early trades.
MCX Trading Details
- Silver: The March 5 delivery of silver had closed at ₹2,44,360 per kg in the previous session. It opened at ₹2,38,489 and fell to a low of ₹2,36,100, a decline of ₹8,260. As of 9:17 AM, silver was trading at ₹2,36,681, down ₹7,679.
- Gold: April 2 delivery gold had closed at ₹1,55,895 per 10 grams in the last session. It opened at ₹1,54,999, touched a low of ₹1,54,676, and a high of ₹1,55,100. At 9:20 AM, gold was trading at ₹1,54,877, down ₹1,018 or 0.65%.
International Market Trends
- Spot gold traded 0.4% lower at $5,020.10 per ounce, following a 2.5% gain in the previous session. April delivery gold in the US fell 0.1% to $5,039.50 per ounce.
- Spot silver declined 0.6% to $76.92 per ounce, after a 3% gain in the previous session.
Gold Rates Across Major Indian Cities (16 February 2026)
- Delhi: 22K Standard Gold – ₹1,15,792 per 8 grams; 24K Pure Gold – ₹1,26,312 per 8 grams
- Mumbai: 22K Standard Gold – ₹1,15,672 per 8 grams; 24K Pure Gold – ₹1,26,192 per 8 grams
- Chennai: 22K Standard Gold – ₹1,16,472 per 8 grams; 24K Pure Gold – ₹1,27,064 per 8 grams
- Hyderabad: 22K Standard Gold – ₹1,15,672 per 8 grams; 24K Pure Gold – ₹1,26,192 per 8 grams
The early week fall reflects caution among traders, following mixed signals in global markets and minor corrections after recent gains in precious metals.
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