3 months ago
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Gold prices eased by ₹589 to ₹1.55 lakh per 10 grams successful the futures commercialized connected Monday (February 16, 2026) owed to bearish inclination successful the planetary markets.
On the Multi Commodity Exchange (MCX), the yellowish metallic for April transportation fell ₹589, oregon 0.38%, to ₹1,55,306 per 10 grams successful a concern turnover of 7,695 lots.
In the planetary markets, Comex golden futures for April declaration slipped $24.31, oregon 0.48%, to $5,021.99 per ounce successful New York.
"Gold slipped to commercialized astir $5,000 per ounce aft rising much than 2% successful the erstwhile league connected weaker-than-expected US Consumer Price Index (CPI) ostentation data," Jigar Trivedi, Senior Research Analyst astatine IndusInd Securities, said.
Manav Modi, Analyst, Commodities astatine Motilal Oswal Financial Services Ltd, said geopolitical risks stay elevated, pursuing reports that Washington has deployed the craft bearer USS Gerald R Ford to the Middle East amid stalled Iran atomic talks, lending safe-haven enactment to the precious metal.
He added that markets are besides weighing the imaginable inflationary interaction of renewed tariff threats from US President Donald Trump, alongside lingering questions implicit Federal Reserve's credibility and aboriginal argumentation path.
"Gold is trading astatine a discount for the archetypal clip successful astir a period adjacent arsenic Chinese request remains robust, with Shanghai warehouse stocks crossing 100 tonnes," Modi said, adding that this underscores steadfast carnal buying interest.
He noted that U.S. markets remained closed connected relationship of President's Day holiday, portion Chinese markets unopen for a week for the Lunar New Year holidays.
"Investors volition present look for caller guidance from the upcoming Personal Consumption Expenditures (PCE) terms scale numbers and minutes from the Federal Open Market Committee (FOMC) meeting," Modi added.
