Gold, Silver Rates Today: Why Gold Prices & Silver Prices Crashed Even When Global Bullion Rallying On Feb-13?

Gold rates and silver rates in India crashed sharply on February 13 despite positive global cues. MCX gold and silver prices gained by 1% to 2%, while spot gold and silver price rallied by 1% to 3%. Despite buying trend across markets, physical gold and silver prices nosedived with 10 grams gold price in 24 carat erasing Rs 1.58 lakh mark. 1Kg silver price plunged by Rs 15,000 as well.

Gold Rates In India Today:

24 carat gold prices plunged by Rs 2,620 to Rs 1,55,780 per 10 grams, and nosedived by Rs 24,000 to Rs 15,57,800 per 100 grams. Also, 22 carat and 18 carat gold process dropped by Rs 2,400 and Rs 1,960 in 10 grams to Rs 1,42,800 and Rs 1,16,840 respectively.

100 grams gold price plummeted by a steep Rs 24,000 in 22 carat to Rs 14,28,000 and tumbled by Rs 19,600 to Rs 11,68,400 in 18 carat.

Check Gold Prices In Top Cities (Per 1 Gram Rates)

City	24K Today	22K Today	18K Today
Chennai	₹15,709	₹14,400	₹12,400
Mumbai	₹15,578	₹14,280	₹11,684
Delhi	₹15,593	₹14,295	₹11,699
Kolkata	₹15,578	₹14,280	₹11,684
Bangalore	₹15,578	₹14,280	₹11,684
Hyderabad	₹15,578	₹14,280	₹11,684
Kerala	₹15,578	₹14,280	₹11,684
Pune	₹15,578	₹14,280	₹11,684
Vadodara	₹15,583	₹14,285	₹11,689
Ahmedabad	₹15,583	₹14,285	₹11,689

Gold rates in India have extended its fall by nearly 3% in February month so far.

Why Gold Prices Are Falling In India?

According to Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA), gold is pulling back from the recent high as profit-taking begins. This is in spite of a positive overall sentiment, where there are strong chances that the precious metal is on the verge of a long bull run motivated by uncertainty and rising policy trends.

Overall, the expert said, although the price is trading erratically, investors are remaining positive and seeking long-term gains from the precious commodity.

Silver Rates In India Today:

1Kg silver price plunged by 15,000 on February 13 to Rs 2.80 lakh, while 100 grams and 10 grams silver rates declined by Rs 1,500 and Rs 150 to Rs 28,000 and Rs 2,800. Furthermore, 8 grams silver dipped by Rs 120 to Rs 2,240 and 1 gram silver is lower by Rs 15 to Rs 280.

Check Silver Rates In Top Cities Today:

City	10 Gram	100 Gram	1 Kg
Chennai	₹2,800	₹28,000	₹2,80,000
Mumbai	₹2,800	₹28,000	₹2,80,000
Delhi	₹2,800	₹28,000	₹2,80,000
Kolkata	₹2,800	₹28,000	₹2,80,000
Bangalore	₹2,800	₹28,000	₹2,80,000
Hyderabad	₹2,800	₹28,000	₹2,80,000
Kerala	₹2,800	₹28,000	₹2,80,000
Pune	₹2,800	₹28,000	₹2,80,000
Vadodara	₹2,800	₹28,000	₹2,80,000
Ahmedabad	₹2,800	₹28,000	₹2,80,000

What Is Impacting Silver Prices?

In Kamboj's opinion, the price is trending downward as traders reduce exposure in response to a good rally. Although the price seems to have experienced a correction, it is expected to remain strong in the long term as it is backed by certain factors and trends. All these trends suggest that silver will remain positive in the context of its upcycle.

Gold & Silver Prices Outlook:

As per Ross Maxwell, Global Strategy Operations Lead, VT Markets said, interest rate expectations remain at the forefront of investors decisions, and the CPI print has the potential to quickly shift those expectations.

He believes that a softer-than-expected inflation reading would likely push Treasury yields and the USD lower, which would put pressure on the FED for earlier rate cuts, and trigger a bullish move in gold as real yields fall. However, if the print is higher than expected, this would support higher yields and a stronger USD, weighing on gold and potentially creating a sharp intraday correction. If the print is broadly in-line with expectations this could generate two-way volatility as traders adjust their positioning.

Beyond the data, Maxwell said, 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. The near-term outlook will be highly data-dependent, with CPI likely to dictate gold direction in Fridays session.

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