Gold Rate In India Declines, Silver Crashes! US Inflation To Fuel Rally on 14 Feb? Valentine's Day Outlook

Gold Rate in India: Domestic gold prices witnessed a sharp decline on Friday, even as international markets showed signs of recovery. Rates of 24 karat, 22 karat, and 18 karat gold fell across major cities, while silver prices also registered a notable drop. With US inflation cooling more than expected in January 2026, market participants are now closely watching how gold prices move on Saturday, February 14, also celebrated as Valentine's Day.

The Multi Commodity Exchange (MCX) will remain shut over the weekend; however, domestic gold and silver prices in different Indian cities may see some price movement. Here's what to expect from the gold and silver rates in India on Saturday.

Gold Rate in India

The price of 24 karat gold in India fell by Rs 262 per gram to Rs 15,578 per gram on Friday, February 13. The rate of 22 karat gold in India declined by Rs 240 per gram to Rs 240 per gram. The rate of 18 karat gold in India dipped by Rs 196 per gram to Rs 11,684 per gram.

Silver Rate in India

The rate of silver in India fell by Rs 15 per gram to Rs 280 per gram on Friday and to Rs 2,80,000 per kilogram. Silver has delivered around 160% return in the year 2025 and has showcased massive volatility in January.

MCX Silver, Gold Rate

MCX gold rate for April contracts expiry ended 0.20% higher at Rs 1,56,200 on Friday. Meanwhile, the MCX silver rate for the March contracts expiry ended 3.63% higher at Rs 2,44,999 per kilogram during the session. Meanwhile, the international gold rate on Friday jumped to $ 4,990 per ounce on Friday, according to Trading Economics.

Gold, Silver Price Outlook

Gold rate in India is likely to move in a range-bound manner on Saturday, and there could be some upward momentum mirroring the trend in international prices. The US consumer price index showed that the consumer prices surged 0.2% in January from a month earlier and 2.4% on an annual basis.

The softer-than-expected inflation reading is expected to push Treasury yields and the USD lower, which would put pressure on the US Fed for earlier rate cuts, and trigger a bullish move in gold as real yields fall, according to Ross Maxwell, Global Strategy Operations Lead, VT Markets.

"Underlying safe-haven demand linked to geopolitical risks and occasional uncertainty in the markets continues to provide support, limiting deeper downside despite the recent correction," added Maxwell.

While there can be some short term volatility in gold prices, experts continue to remain bullish on gold in the long-term. "Gold prices have shown one of the largest moves in modern history. Investors and traders who had a fixed allocation to the metal may have benefitted fully from this move, while others, who would have used ANY framework to make sense of the prices, would have taken partial or complete profits over the last 6 months," read a report by DSP.