Investors in India woke up to a significant jump in precious metal prices this morning. On February 12, 2026, the domestic bullion market decoupled from international spot prices, driven by strong local demand and a shifting rupee-dollar dynamic.
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While the global markets reacted to a “hawkish” US Federal Reserve outlook, Indian retail prices for 24-carat gold moved closer to the psychological barrier of ₹1.60 lakh per 10 grams.
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Gold Price Today: City-Wise 24K & 22K Rates
Gold prices showed a noticeable premium in Southern India today. Analysts suggest that wedding season demand is keeping the floors high in cities like Chennai and Hyderabad.
| City | 24-Carat (10g) | 22-Carat (10g) |
| Chennai | ₹1,59,100 | ₹1,45,840 |
| Delhi | ₹1,58,360 | ₹1,45,160 |
| Mumbai | ₹1,58,640 | ₹1,45,420 |
| Bengaluru | ₹1,58,760 | ₹1,45,530 |
| Kolkata | ₹1,58,430 | ₹1,45,230 |
Silver Price Today: Industrial Demand vs. Global Sell-off
Silver remains the more volatile of the two metals this February. After a “flash crash” earlier in the month, silver prices in India rose by ₹10,000 per kg today to reach ₹2.63 lakh.
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Mumbai & Delhi: Silver is trading between ₹2,62,820 and ₹2,63,270.
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The Southern Premium: In Chennai, silver reached ₹2,64,040, reflecting the highest retail rate in the country.
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MCX Data: On the Multi Commodity Exchange, silver futures for March are hovering near ₹2,62,701, maintaining a tight grip on the ₹2.6 lakh support level.
The “Fed” Factor: Why International Prices are Slipping
While India sees a price hike, the international landscape tells a different story.
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US Jobs Report: Robust employment data from the US has reduced the likelihood of an early interest rate cut.
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Yield Impact: As bond yields rise, the “opportunity cost” of holding non-yielding gold increases, leading to spot gold slipping 0.4% to $5,065.56 an ounce.
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The China Hedge: Despite the sell-off, central bank buying from China continues to provide a “hard floor” for gold, preventing a deeper plunge below the 5,000 mark.
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Technical Outlook: Support and Resistance Levels
Market analysts at NDTV Profit and Goodreturns suggest that gold is currently in a consolidation phase.
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Resistance: If 24K gold breaches ₹1,61,000, we could see a fresh rally toward the January all-time high of ₹1.80 lakh.
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Support: On the downside, ₹1,57,300 remains a critical support level for the MCX April contract.
Next Steps
If you are planning to purchase gold for jewelry, you should monitor the afternoon session of the MCX, as retail prices often adjust based on the 2:00 PM (IST) volatility. Furthermore, if you are an investor in “Digital Gold,” you should check for spread costs on apps like Google Pay or Jar, which may differ slightly from the physical market rates listed above.
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