Silver, gold futures decline as traders book profits, firm dollar
The Hindu
Silver and gold futures decline as traders book profits, pressured by a stronger U.S. dollar in the domestic markets.
Precious metals declined in the futures trade on Tuesday (February 10, 2026), with silver falling 2% to ₹2.57 lakh per kilogram, while gold slipped to ₹1.57 lakh per 10 grams as traders booked profits amid weak gains in global markets.
On the Multi Commodity Exchange (MCX), silver for the March delivery depreciated by ₹5,422, or 2.06%, to ₹2,57,198 per kilogram. On Monday, the white metal had surged ₹12,728, or 5.09%, to close at ₹2,62,620 per kg.
Gold futures also witnessed selling pressure, with the April contract decreasing ₹677, or 0.43%, to ₹1,57,389 per 10 grams. In the previous session, the yellow metal climbed ₹2,615, or nearly 1.7%, to settle at ₹1,58,066 per 10 grams.
Traders said a stronger U.S. dollar also weighed on sentiment and capped further upside on bullion in the domestic markets.
The dollar index, which measures the greenback's strength against a basket of six currencies, inched up 0.09% to 96.90, putting pressure on bullion prices globally.
In the international market, Comex silver futures for March delivery fell 1.20% to $81.25 per ounce. On Monday, the metal had finished at $82.23 per ounce.
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