Gold Rate in India Reclaims Rs 1.58 Lakh Mark On Weak US Economic Data; Will Prices Rise Today? 11 Feb Outlook

Gold prices in India staged a rebound in the second half of trading on Tuesday, February 11, while silver prices remained marginally lower as investors assessed the impact of key US economic data released during the session. As markets head into Wednesday's trade, February 11, gold and silver price movements will remain in focus for fresh cues. Let's understand cues that may impact gold price outlook for February 11.

Gold and silver prices in India typically mirror trends in the international commodities market. Weak US retail sales data, along with other soft economic indicators, are likely to fuel expectations of US Federal Reserve rate cuts, influencing investor sentiment toward precious metals.

Gold Rate in India

The price of 24 karat gold in India surged by Rs 87 per gram to Rs 15,878 per gram at 10 pm on Tuesday, February 10, according to Goodreturns data. The rate of 22 karat gold in India jumped by Rs 80 per gram to Rs 14,555 per gram. The rate of 18 karat gold in India rose by Rs 65 per gram to Rs 11,909 per gram.

Silver Rate in India

The price of silver in India declined on Tuesday. Silver rate in India fell to Rs 290 per gram and to Rs 2,90,000 per kilogram. Silver has delivered nearly 160% return in the year 2025 and saw a sharp volatility in January.

MCX Gold, Silver

While domestic gold prices saw some recovery on Tuesday, gold and silver on Multi Commodity Exchange (MCX) declined marginally. MCX Gold futures (with April expiry) closed 0.17% lower, whereas MCX Silver futures (March expiry) closed 0.10% lower on Tuesday.

The international gold rate on Tuesday reclaimed the $5,070 per ounce mark on Tuesday, February 11, according to Trading Economics. Surge in gold rates came as US data reinforced expectations of future US Fed rate cuts.

Gold, Silver Price Outlook

Gold and silver rates in India may continue to track the international prices of the commodities that will be driven by a host of geopolitical developments, and key economic data releases scheduled for Wednesday. The USA is scheduled to release its retail inflation data, non-farm payrolls data, and unemployment rate this week. US President Donald Trump is also scheduled to meet Israel PM Benjamin Netanyahu on Wednesday with focus on US-Iran tensions.

Additionally, gold prices are finding support near their lower zone. "Gold's strong reversal towards Rs 1.58 lakh has been attributed to the renewed risk-on sentiment due to the recent profit booking and the presence of the technical stop near the lower zone. Although the fall from the record-high levels seen last month might have been a good correction, the current reversal indicates that the safe-haven and the fundamental base associated with the metal continue to remain effective," stated Pranav Koomar is the Founder and CEO of PlusCash.

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