Gold, Silver Rate Today (Feb 26) – Live Updates: MCX gold holds near Rs 1.59 lakh; silver down nearly 4%

Domestic bullion extended losses on February 26, with MCX gold trading at Rs 1,59,001 per 10 grams, down Rs 2,144 or 1.33 percent as of 17:30 IST, compared with the previous close of Rs 1,58,918. Silver remained under sharp pressure, with MCX silver at Rs 2,67,315 per kg, lower by Rs 11,049 or 3.97 percent.

Globally, Comex gold slipped 0.74 percent to $5,187.30 per ounce, while Comex silver declined 4.10 percent to $87.255 per ounce, indicating continued weakness in precious metals.

Domestic bullion prices remained under pressure on February 26, with MCX gold trading at Rs 1,57,021 per 10 grams, down Rs 1,897 or 1.19 percent as of 16:47 IST, compared with the previous close of Rs 1,58,918. Silver fell more sharply, with MCX silver at Rs 2,68,358 per kg, down Rs 10,006 or 3.59 percent.

In the international market, Comex gold slipped 0.65 percent to $5,192.40 per ounce, while Comex silver declined 4.12 percent to $87.240 per ounce, reflecting broad-based weakness in precious metals.

The domestic futures gold on MCX traded under pressure, with prices hovering near Rs 1,59,600, down about Rs 1,450, as market participants turned cautious ahead of key US–Iran nuclear talks. Silver also remained volatile amid the wait-and-watch mood in the bullion market.

According to Jateen Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities, traders are keeping risky bets off the table after gold rallied nearly Rs 10,000 over the past two weeks. He noted that immediate support for gold is seen near Rs 1,58,000, while resistance is placed around Rs 1,64,000, with further direction likely to depend on developments from the US–Iran meeting.

The domestic futures gold on MCX traded at Rs 1,57,449 per 10 grams, down 0.92 percent as of 15:32 IST on February 26. Silver declined 3.74 percent to Rs 2,67,943 per kilogram. On Comex, gold was hovering at $5,202.70 per ounce, down 0.45 percent, while silver slipped to $87.560 per ounce, falling 3.77 percent, indicating continued pressure on precious metals.

Axis Securities in its Commodity Morning Insights report dated Feb 26 noted, Comex gold traded with volatility but ended with a marginal 0.4 percent gain as uncertainty over US trade policy and Middle East tensions supported safe-haven demand. The near-term trend remains positive as long as prices hold above the $5,080 support level. Comex silver outperformed, surging more than 2 percent on the return of Chinese traders and renewed haven buying, with immediate resistance seen near $92 and a sustained close above this level potentially opening the path toward $95. Meanwhile, NYMEX crude settled about 1 percent lower after a sharp 16-million-barrel inventory build, while Comex copper rose nearly 1.5 percent on fresh buying interest, though high inventories continue to cap upside.

Gold and silver prices declined sharply on the MCX in the afternoon session on February 26. MCX gold slipped Rs 1,921, or 1.21 percent, to Rs 1,56,997 per 10 grams, compared with the previous close of Rs 1,58,918. Silver saw a steeper fall, dropping Rs 11,370, or 4.08 percent, to Rs 2,66,994 per kg versus the previous close of Rs 2,78,364. On the Comex, gold traded at $5,192.10, down 0.65 percent, while silver plunged 4.65 percent to $86.760 per ounce, reflecting broad-based weakness in precious metals.

According to the Augmont Bullion Daily Report published on Feb 26, precious metals extended their gains, hovering near a four-week high as safe-haven demand remained strong amid geopolitical tensions and persistent uncertainty around U.S. trade policy. Market volatility stayed elevated after a 10% global tariff came into effect, while signals from the White House about a potential hike to 15% kept investors cautious.

Geopolitical risks continue to underpin bullion. The buildup of U.S. troops in the Middle East ahead of nuclear talks in Geneva has heightened market anxiety, while fresh U.S. sanctions targeting Iranian oil and weapons-linked entities have reinforced the risk premium in gold and silver.

On the macro front, U.S. GDP growth slowed sharply to an annualised 1.4% in the fourth quarter, missing expectations and strengthening the case for potential Federal Reserve rate cuts. Slower growth and easing yield expectations typically support non-yielding assets like gold. Investors are now closely monitoring weekly jobless claims and upcoming U.S. data for further cues on the Fed’s policy trajectory, which could determine the next leg of the precious metals rally.

As of the AM session on February 26, the Indian Bullion Jewellers Association (IBJA) pegged the price of 999 purity gold at Rs 1,59,043 per 10 grams. Silver (999 purity) was quoted at Rs 2,65,650 per kg, reflecting steady pricing in the domestic bullion market amid ongoing global cues.

The Augmont Bullion report, published on February 26, citing indications from previous reports, noted that gold has reached the $5,200 (Rs 1,61,000) target. "This technical breakout indicates renewed bullish momentum". Gold prices will likely target the next resistance zones at $5,300 (Rs 1,64,000) and $5,400 (Rs 1,67,000). Silver has reached the $90 (Rs 2,66,000) target. "Prices now gradually approach the next resistance level of $92 (Rs 2,72,000) and $93 (~ Rs 2,75,000)."

Prices of precious metals were marginally up from their opening levels, though they continue to trade in the red as of 12 pm IST.

Gold and silver continue to trade in red as the market witnesses inconsistent profit-taking and a firmer US dollar. Domestic futures price was trading 0.33 percent lower than at Rs 1,60,606 per 10 grams. Silver futures declined 1.1 percent at Rs 2,65,599 per kilogram. Precious metals opened the session 0.03 percent and 1.19 percent lower than the previous close. Prices mirror international rates as investors locked in gains from yesterday's evening trade, following the strong rally.

The domestic futures gold on MCX traded at Rs 1,60,600 per 10 grams, down 0.34 percent as of 10:38 am IST. Silver retreated 1.16 percent at Rs 2,65,206 per kilogram. On Comex, the spot price of gold was hovering at $5,208.90 per ounce, and silver at 89.04 per ounce.  Meanwhile, the rupee weakened 0.07 percent at 90.934 against the US dollar.

Both domestic and international market prices of precious metals continue their downward trend on February 26, as investors locked in gains after yesterday's strong rally. The domestic futures gold on MCX traded at Rs 1,60,729 per 10 grams, down 0.26 percent as of 9:47 am IST. Silver retreated 1 percent at Rs 2,65627 per kilogram. The international market price of gold was hovering at $5,201.80 per ounce, and silver at 89.48 per ounce. The ongoing tariff uncertainties and persistent US-Iran tensions continue to support safe-haven demand, keeping prices elevated despite intermittent profit booking.

Gold and silver prices on MCX declined on February 26, mirroring international rates as investors locked in gains after a strong rally. The domestic futures gold opened the session at Rs 1,60,661 per 10 grams of 24-carat purity, down 0.03 percent from the previous close. Silver also retreated, falling 1.19 percent at Rs 2.65,121 per kilogram.

Gold and silver edged lower on February 26 as investors locked in gains after a strong rally. On Comex, spot gold crossed $5,201 per ounce, though it declined by 0.47 percent over the past 24 hours. Silver, on the other hand, continues to slide 2.43 percent, with prices trading at $88.78 per ounce during the early trade. Market participants are now watching how precious metals perform on the MCX.

According to Ross Maxwell, Global Strategy Operations Lead at VT Markets, the dip in gold this week reflects the market trying to balance macro headwinds and safe-haven demand. A stronger USD and near-term profit-taking can cap short-term upside.

However, structural drivers remain supportive. Central bank accumulation, geopolitical tensions, and sticky global inflation expectations continue to limit downside. If US yields stabilise rather than surge, gold can regain momentum and comfortably return above $5,200, particularly if other events create risk-off sentiment. The most recent dip looks more like consolidation than a trend reversal.

A softer rupee increases domestic gold prices even when international prices dip. Silver, being more industrial and volatile, reacts sharply to global growth worries, making retail participants uncomfortable during periods of uncertainty.

"Investors are therefore rotating toward gold for stability, wealth preservation, and liquidity. Seasonal demand and steady ETF inflows also reinforce this narrative. Overall, USD strength may slow the pace of gains, but India’s currency dynamics and persistent global risks are likely to keep gold supported, with dips attracting buyers rather than triggering a structural shift in sentiment," said Maxwell.

Gold and silver edged lower on February 26 as investors locked in gains after a strong rally. On Comex, spot gold slipped 0.37 percent over the past 24 hours, easing from the previous session’s high of $5,030 per ounce to $5,206.80 per ounce in early trade. Silver also retreated, falling 1.42 percent from its intraday peak of $91 to $89.80. In the domestic market, gold futures on MCX settled at Rs 1,61,100 per 10 grams (24-carat), down 0.03 percent from the previous close. Silver futures ended at Rs 2,68,196, lower by 0.04 percent.