Gold Rates & Silver Rates Today Live: MCX Silver Extends Rally, Gold Retreats Mildly; 24K, 22K, 18K Gold Price

Gold rates and silver rates in India climbed on February 13, with MCX silver rising by 2% and MCX gold gaining by 1%. After a sharp selling pressure with 3% decline in the previous session, spot gold gained momentum on Friday and traded around $4,960 per ounce. Furthermore, spot silver climbed by 2.5% to trade above $77 per ounce.

Investors will await the US CPI inflation data on Friday. Meanwhile, India's inflation rate rose sharply to 2.75% in January 2026, higher than market expectations of 2.4%. This also marks India's CPI above 2% tolerance limit of RBI for the first time since August 2025.

Although no single catalyst was identified, parallel declines in equities and cryptocurrencies point to broader risk aversion, possibly reinforced by automated trading. Meanwhile, investors are focused on US inflation data due later today, which could shape expectations for the Federal Reserve's next policy move. Stronger-than-expected January jobs data released earlier this week have led markets to price in a first rate cut in July rather than June. Nevertheless, concerns about currency debasement, ongoing central bank purchases, and geopolitical tensions continue to provide underlying support for the metal. Bullion is still heading for a modest weekly loss, as per Trading Economics.

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