Gold & Silver Prices Fall After US CPI Data (16 Feb 2026).
City-Wise Gold & Silver Prices (India) – Latest Broad Snapshot
(Approx. retail/market rates across major cities)
Gold (24-carat / 10 g)
- Mumbai: ₹1,56,240
- Delhi: ₹1,55,970
- Bengaluru: ₹1,56,360
- Chennai: ₹1,56,690
- Hyderabad: ₹1,56,490
- Kolkata: ₹1,56,030
(Retail bullion estimates today, Feb 16)
Silver (per 1 kg)- Mumbai: ₹2,45,610
- Delhi: ₹2,45,190
- Bengaluru: ₹2,45,800
- Chennai: ₹2,46,320
- Hyderabad: ₹2,46,000
- Kolkata: ₹2,45,280
(Approx. city-wise quotes today)
Latest Price Movement
- Gold prices fell modestly — spot gold down about 0.27% to around $5,033 per ounce in Asian trade on Feb 16.
- Silver saw a sharper drop, sliding over 2.08% to around $76.34 per ounce.
Why Prices Dropped
- U.S. inflation data (CPI) came in softer than expected, easing fears of rising inflation.
- This boosted expectations of potential Federal Reserve rate cuts, which can reduce safe-haven demand temporarily once markets factor in policy easing.
That combination triggered profit booking and short-term selling in gold and silver markets.
Market Context
- Precious metals had previously rallied hard — gold even touched above $5,600 per ounce in late January before correcting.
- After a plunge below $4,500, gold has since recovered some losses, indicating heavy volatility and short-term profit-taking.
Expert View on Trend
- Analysts suggest that despite the near-term decline, the medium-term directional outlook remains constructive, as long as key support levels aren’t decisively broken.
- The recent correction may be more cyclical than a fundamental reversal (i.e., a reset within an overall bullish trend).
Market Drivers Behind the Fall
US CPI Data: Softer inflation numbers → eased rate hike fears → short-term selling.
Profit Booking: Traders taking gains after sustained rallies.
Volatility: Metals prices have been swinging widely — especially silver, which is more volatile than gold.
Global macro cues: Currency, yields, and market risk sentiment continue to influence bullion trading.
What This Means for Investors
Short-term traders: May see opportunities in volatility and day swings.
Long-term investors: Correction may be a pause in a broader structural uptrend — not necessarily a sell signal.
Silver’s risk profile: Higher volatility than gold — bigger price swings possible.