Gold & Silver Rates Today Live: MCX Gold Hits Below Rs 1.56 Lakh Mark, Silver Down 2%; 24K, 22K, 18K Gold

Gold rates and silver rates in India could face a pullback from their previous session's strong rally as the global cues are performing under pressure on February 10. COMEX Gold has slipped below $5,050 per ounce and is currently down by nearly 1%. Meanwhile, Spot Silver price halted its two-consecutive days gaining spree and is trading lower by 2% to struggle around 82 per ounce dollar mark.

Following the trend of selling pressure in international safe haven market, MCX gold and silver prices plunged on February 10 by 1% to 2%. MCX gold struggles around Rs 1.55 lakh mark and MCX silver hit below Rs 2.7 lakh key level.

The trajectory is broadly volatile for precious metals. Experts are cautiously bullish on the safe-haven assets amidst ongoing macro uncertainty.

Yesterday, White House economic adviser Kevin Hassett pointed out that job growth could slow in the months ahead.

Traders will observe the upcoming US economic data such as nonfarm payrolls report that is due on Wednesday, and CPI inflation data in both India and US which is scheduled on Thursday and Friday. These factors will determine the next policy decisions of central banks like US Federal Reserve and RBI.

As of now, markets are expecting two 25 bps rate cuts from Fed in 2026, which as per Trading Economics, will mean broadly easier monetary policy which is a key support for bullion. Additionally, geopolitical risks continue to underpin safe-haven demand. Tensions between the US and Iran persist despite signs of diplomatic progress, with Washington warning US-flagged vessels to stay away from Iranian waters.

Notably, China extended its bullion buying for 15-month straight in January, which indicates healthy demand for gold.

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