Gold and silver prices in India showed notable movement on Thursday, February 12, 2026, as precious metals markets reacted to domestic demand and global factors, with rates differing slightly across major urban centres including Delhi, Mumbai, and Chennai. Traders and buyers closely watched the fluctuations amid ongoing seasonal demand and broader economic signals.
On the Multi Commodity Exchange (MCX), the 24-carat gold April contract stood near ₹158,650 per 10 grams, reflecting a modest increase from recent levels, while silver futures for March traded at approximately ₹262,701 per kilogram in early morning deals. These benchmark prices provide an indicative view of market sentiment as both metals balanced local and international influences.
City-wise retail prices continued to show variation. In Delhi, 24-carat gold was priced around ₹158,360 per 10 grams, slightly below Chennai’s rate of ₹159,100 per 10 grams, while Mumbai and Kolkata recorded prices of roughly ₹158,640 and ₹158,430 per 10 grams respectively. Silver in Mumbai traded near ₹263,270 per kg, with Delhi, Chennai, and Hyderabad reporting similar figures close to that range, reflecting modest regional disparities.
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Analysts said that prices remained sensitive to global economic cues, including data from international markets and currency movements. Despite some retreat in US precious metals on softer demand indicators, Indian rates have been buoyed by strong local consumption, particularly as wedding and festival season demand grows, supporting price stability or incremental gains in key centres.
The gold market’s performance on February 12 also saw reports of a notable intra-day jump in silver prices, with MCX levels reaching above ₹2.63 lakh per kilogram and surprising some investors with larger single-day moves, though values remained below recent record highs reached earlier in the year. Observers noted that this rebound may present opportunities for selective buyers, even as overall price volatility persists.
For consumers and investors alike, experts continue to highlight the importance of tracking both MCX futures and local retail rates before transacting, as precious metals markets can shift quickly in response to macroeconomic news and seasonal buying patterns.
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