Silver declines 5% to ₹2.55 lakh a kg, gold drops to ₹1.58 lakh per 10g

Precious metals prices declined more than 5% in the national capital on Friday (February 13, 2026), with silver declining to ₹2.55 lakh per kilogram, while gold dropped to ₹1.58 lakh per 10 grams amid subdued demand in the local market.

According to the All India Sarafa Association, the white metal slumped ₹13,500, or 5.03%, to ₹2,55,000 per kilogram (inclusive of all taxes). It ended flat at ₹2,68,500 per kg on Thursday (February 12, 2026).

Gold of 99.9% purity also dived ₹2,400, or 1.5%, to ₹1,58,500 per 10 grams (inclusive of all taxes) from the previous close of ₹1,60,900 per 10 grams.

“Gold and silver fell sharply on Friday [February 13, 2026] amid a broader market sell-off and remained under pressure on Friday [February 13, 2026], as investors adopted a cautious stance ahead of the highly anticipated U.S. consumer inflation data,” Saumil Gandhi, senior analyst, commodities at HDFC Securities, said.

In the international market, spot silver gained $2.01, or 3%, to $77.30 per ounce, while gold was trading nearly 1% higher at $4,968.40 per ounce.

“Silver has rebounded to trade near $79 per ounce, while gold has also recovered to $4,990 per ounce as markets turn their focus to upcoming U.S. Consumer Price Index [CPI] data,” Kaynat Chainwala, AVP commodity research, Kotak Securities, said.

She added that softer inflation readings could revive expectations of policy easing and provide much-needed stability to bullion prices while persistent inflation and a resilient labour market could keep the Federal Reserve on a “higher-for-longer” trajectory, keeping prices under pressure.

Meanwhile, easing geopolitical tensions, particularly around Russia-Ukraine and renewed U.S.-Iran nuclear discussions, have dampened safe-haven demand.

“On Thursday [February 12, 2026], silver faced additional pressure from weak U.S. existing home sales and concerns over softer Chinese industrial demand ahead of the Lunar New Year shutdown,” Ms. Chainwala said.