Gold and silver prices declined on the Multi Commodity Exchange (MCX) on Thursday, February 26, as investors booked profits following strong gains in the previous session. However, persistent geopolitical uncertainties and concerns surrounding potential US tariffs helped limit sharper losses in precious metals.

Key Highlights

• MCX gold falls ₹600 to ₹1,60,516 as traders book profits after recent strong gains.
• Geopolitical tensions and US tariff concerns limit deeper losses in precious metal prices.

MCX gold April futures slipped by over ₹600, or 0.40%, to ₹1,60,516 per 10 grams, while MCX silver March contracts fell by more than ₹5,400, or 2%, to ₹2,62,892 per kg during early trade.

In the previous session, gold April futures had settled at ₹1,61,145 per 10 grams, up 0.74%, while silver March futures closed at ₹2,68,316 per kg, gaining nearly 3%. The sharp rise prompted traders to lock in profits, leading to the current pullback.

Internationally, gold prices also edged lower, with US gold April futures slipping nearly 0.5%. Meanwhile, the dollar index declined by 0.20%, making dollar-denominated gold cheaper for overseas buyers and helping cushion further downside.

Also Read: Trump Hits Indian Solar Imports With 126% Tariffs, Trade Tensions Rise

Market experts noted that short-term profit booking is healthy, especially after recent rallies, while the medium- to long-term outlook for bullion remains positive. Ongoing geopolitical tensions, uncertainty around US trade policies, and concerns over inflation continue to support gold prices.

Analysts believe volatility may persist in the near term as investors track global economic cues, currency movements, and geopolitical developments for fresh direction.