Gold futures drop nearly 2% to ₹1.52 lakh/10g on strong dollar
The Hindu
Gold futures fall nearly 2% to ₹1.52 lakh/10g due to strong dollar and easing safe-haven demand amid improving geopolitical sentiment.
Gold prices dropped more than 1% to ₹1.52 lakh per 10 grams in the futures trade on Tuesday (February 17, 2026), due to easing safe-haven demand amid improving geopolitical sentiment and a strong U.S. dollar.
On the Multi Commodity Exchange, the yellow metal for April delivery depreciated by ₹2,228, or 1.44%, to ₹1,52,532 per 10 grams in a business turnover of 7,553 lots.
Gold traded on a softer note on Tuesday (February 17, 2026), with prices consolidating after recent volatility as investors booked profits and reacted to a firmer U.S. dollar and shifting interest-rate expectations from the Federal Reserve," Gaurav Garg, research analyst at Lemonn Markets Desk, said.
He noted that safe-haven demand amid weakness in global equities and continued central-bank buying helped limit the downside.
In 2026, both metals are undergoing a volatile corrective phase after last year's strong rally, though the broader multi-year bullish trend remains intact. MCX gold is consolidating around ₹1.55-1.58 lakh per 10 grams, below earlier peaks, Mr. Garg said.
"The current weakness is largely seen as consolidation rather than a trend reversal. Investors may consider holding and rebalancing on dips, while fresh allocations should be staggered amid choppy market conditions," he added.
India's merchandise exports remain flat in February, with Commerce Secretary warning of a potential dip in March due to trade constraints.
Hard Rock International closes 10 outlets in India, including three cafes in Bengaluru, while Goa hotel remains open.
The booming market for artificial intelligence servers brought Taiwan's Foxconn a 24 percent jump in annual net profit, the company said
In a statement on its website, Adobe said it has in recent years streamlined its sign-up and cancellation processes and made them more transparent.
Stock markets recover as Sensex and Nifty bounce back following a three-day slump, driven by value-buying in blue-chip stocks.
U.S. President Donald Trump’s administration is set to receive a roughly $10 billion fee from investors in the recently completed deal to take control of TikTok’s U.S. business, the Wall Street Journal reported
Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters
Learn how to choose the best personal loan lender by evaluating eligibility, interest rates, and borrowing experience.
Discover why pension planning is essential in modern India to ensure financial security and peace during retirement.
The U.S. has launched two investigations under Section 301 of the Trade Act of 1974 against India and other economies to examine practices that may be ‘unreasonable or discriminatory and burden or restrict U.S. commerce’. One probe examines whether countries, including India, are using excess manufacturing capacity to export to the U.S. in a manner that hurts American businesses, while another looks at whether countries have taken ‘sufficient steps’ to prohibit imports of goods produced with forced labour.
NHAI raises annual pass fee to ₹3,075 from April 1, 2026, streamlining toll payments for FASTag users.
The U.S. probes forced labour in global supply chains, scrutinizing China and India's exports, warns the Global Trade Research Initiative.
The Hindu collection of images of the LPG crisis: War lights a kitchen fire