Gold Rate in India Eyes Rs 1.58 Lakh Mark! Silver Slips Below Rs 2.8 Lakh; Will Prices Rise? 16 Feb Outlook

Gold Rate in India: After witnessing sharp swings in recent weeks, gold and silver prices in India showed signs of stability over the past week. However, fresh volatility cannot be ruled out as movements in the US dollar, persistent geopolitical tensions, US Fed rate stance and rising trade conflict concerns continue to influence investor sentiment. As markets gear up for Monday, February 16, here's a look at how gold and silver prices may trend during the day.

Gold rate in India has seen a sharp correction since the beginning of the month February, after a strong jump in the first half of January. The recent price correction has offered an opportunity for investors and retail jewellery buyers to make an investment.

Gold Rate in India

The price of 24 karat gold in India stood at Rs 15,775 per gram on Sunday, February 15. The rate of 22 karat gold in India was recorded at Rs 14,460 per gram and the rate of 18 karat gold in India fell by Rs 11,831 per gram. Gold has delivered close to 60% return in the year 2025, and saw sharp price movements in January month of the year 2026.

Silver Rate in India

The price of silver in India also showcased sharp volatility in the last one month. However, the precious metal has entered in a correction phase in the first half of February. Silver rate in India stood at Rs 275 per gram and to Rs 2,75,000 per kilogram on Sunday.

Gold Price Outlook

Domestic gold and silver prices in India are likely to remain volatile, with a potential upward bias, tracking trends in the precious metals segment on the MCX in the last trading session. MCX gold rate on Friday for April contracts expiry closed 0.2% higher at Rs 1,56,200 per 10 gram. MCX silver rate on Friday for April contracts expiry closed 3.62% higher at Rs 2,44,999 per kilogram.

However, in the long-term, gold and silver will continue to showcase bullish momentum amid rising geopolitical tensions and trade conflicts. ""With central banks continuing to accumulate gold, interest rate cycles turning supportive, and silver benefiting from rising industrial demand, precious metals are increasingly being viewed as core portfolio assets rather than tactical hedges. While short-term volatility is inevitable, the medium- to long-term case for maintaining measured exposure to gold and silver remains strong," stated Dr. Joseph Thomas, Head of Research, Emkay Wealth Management last week.

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