Silver, gold futures decline as traders book profits, firm dollar

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.

“Silver fell to below $82 per ounce on Tuesday, breaking a two-day advance as traders locked in profits, while volatility in the precious metals market persisted following a historic rout in recent weeks,” Jigar Trivedi, Senior Research Analyst at IndusInd Securities, said.

He added that the white metal remains down about 33 per cent from its all-time high reached on January 29, prior to a sharp selloff that wiped out nearly 50% of its value.

Gold futures for April contract slipped by $24.19, or 0.48%, to $5,055.21 per ounce. It had closed at $5,079.4 per ounce in the previous market session.

“Gold slipped after two days of gains as profit-taking emerged in a choppy market still stabilising after a historic selloff,” Kotak Securities said in a note.

The brokerage firm added that attention turns to retail sales, while macro uncertainty and easing expectations continue to support bullion despite near-term volatility.

On Monday, the dollar had weakened following reports that Chinese regulators advised domestic institutions to reduce exposure to U.S. Treasuries, raising concerns over foreign demand for dollar assets.