According to analysts, precious metal prices will likely continue to consolidate during the coming week as investors monitor important US economic data, such as GDP figures, inflation figures, and Federal Reserve policy cues.
In order to get clues about the timing and tempo of possible rate reduction, traders will also be closely monitoring the US labor data, Federal Open Market Committee (FOMC) meeting minutes, and Fed official remarks, they added.
Gold and silver prices may continue to see more consolidative movements, according to Pranav Mer, Vice President, EBG, Commodity & Currency Research, JM Financial Services Ltd., but volatility will be stronger due to incoming US GDP data, the Personal Consumption Expenditures (PCE) inflation figures, and comments from Federal Reserve officials.
“Gold prices have decreased in February 2026; as of February 13, they were approximately Rs 1,53,800 for 10 grams, down from highs of Rs 1,80,000 per 10 grams.”
Angel One’s DVP-Research for Non-Agri Commodities and Currencies, Prathamesh Mallya, said. In the domestic market, silver futures on the Multi Commodity Exchange (MCX) dropped Rs 5,532, or 2.2%, over the previous week, while gold increased Rs 444, or 0.3%.
He claimed that expectations of short-term rate reduction have decreased due to better-than-expected US employment data, which has affected gold prices over the last week.However, geopolitical uncertainties and robust buying ahead of the Lunar New Year have maintained the yellow metal’s appeal as a safe haven. This week is a battle between bulls and bears, and the volatility will only increase next week,” Mallya continued.
On the global market, silver slightly increased to close at USD 77.27 an ounce, while Comex gold futures rose USD 84, or 1.7%.
For the majority of the trading session, gold prices fluctuated between gains and losses; nonetheless, they ended the week on a good note, closing above USD 5,000 per ounce on the international market.As traders continue to disagree on the direction of the price and search for new fundamental triggers, the bullions are going through a consolidation phase, according to Pranav Mer.
A lower dollar index, central bank purchases, and safe-haven flows during the steep sell-off in tech and AI stocks on international markets, according to analysts, supported metal prices.
The rise was, however, limited by profit-booking by ETF investors, uneven physical demand from China and India, and solid US economic data.
According to Pranav Mer, there were also periods of volatility in silver prices during the week, characterized by two-way price swings and sporadic profit-taking at higher levels.
“After failing to overcome significant technical resistance, the white metal was weighed by profit-booking and corrections in industrial metals. The tech-led global equities sell-off put pressure on it as well, lowering risk appetite across asset classes,” he continued.
As investors wait for further clarity on the Federal Reserve’s monetary policy outlook and the overall trajectory of the global economy, analysts predicted that both gold and silver would likely stay range-bound in the foreseeable future.
