Representational image of a one-kilogram gold bar and a sealed gold coin
| Photo Credit: Reuters
Precious metals declined in the futures trade on Tuesday (February 10, 2026), with silver falling 2% to ₹2.57 lakh per kilogram, while gold slipped to ₹1.57 lakh per 10 grams as traders booked profits amid weak gains in global markets.
On the Multi Commodity Exchange (MCX), silver for the March delivery depreciated by ₹5,422, or 2.06%, to ₹2,57,198 per kilogram. On Monday, the white metal had surged ₹12,728, or 5.09%, to close at ₹2,62,620 per kg.
Gold futures also witnessed selling pressure, with the April contract decreasing ₹677, or 0.43%, to ₹1,57,389 per 10 grams. In the previous session, the yellow metal climbed ₹2,615, or nearly 1.7%, to settle at ₹1,58,066 per 10 grams.
Traders said a stronger U.S. dollar also weighed on sentiment and capped further upside on bullion in the domestic markets.
The dollar index, which measures the greenback’s strength against a basket of six currencies, inched up 0.09% to 96.90, putting pressure on bullion prices globally.
In the international market, Comex silver futures for March delivery fell 1.20% to $81.25 per ounce. On Monday, the metal had finished at $82.23 per ounce.
“Silver fell to below $82 per ounce on Tuesday, breaking a two-day advance as traders locked in profits, while volatility in the precious metals market persisted following a historic rout in recent weeks,” Jigar Trivedi, Senior Research Analyst at IndusInd Securities, said.
He added that the white metal remains down about 33 per cent from its all-time high reached on January 29, prior to a sharp selloff that wiped out nearly 50% of its value.
Gold futures for April contract slipped by $24.19, or 0.48%, to $5,055.21 per ounce. It had closed at $5,079.4 per ounce in the previous market session.
“Gold slipped after two days of gains as profit-taking emerged in a choppy market still stabilising after a historic selloff,” Kotak Securities said in a note.
The brokerage firm added that attention turns to retail sales, while macro uncertainty and easing expectations continue to support bullion despite near-term volatility.
On Monday, the dollar had weakened following reports that Chinese regulators advised domestic institutions to reduce exposure to U.S. Treasuries, raising concerns over foreign demand for dollar assets.
Published – February 10, 2026 01:23 pm IST
