The bullion market on Tuesday, February 10, 2026, showcased a contrasting trend as gold prices witnessed a significant jump while silver rates faced a sharp decline. In the national capital, Delhi, gold prices surged by ₹2,200 per 10 grams, reflecting a robust demand despite global fluctuations. On the other hand, silver plunged by a staggering ₹7,500 per kg, providing a sigh of relief to industrial buyers and small-scale investors.

According to the All India Sarafa Association, 99.9% pure gold is now trading at ₹1,60,700 per 10 grams, up from the previous close of ₹1,58,500. This marks an approximately 1.4% increase in a single day. Conversely, silver prices tumbled by nearly 3%, settling at ₹2,64,500 per kg compared to Monday’s closing price of ₹2,72,000. These quoted prices are inclusive of all applicable taxes.

Market experts attribute the rise in gold prices to consistent buying from jewelers and long-term investors. Saumil Gandhi, Senior Analyst at HDFC Securities, noted that gold is maintaining its upward momentum for the second consecutive day. He suggested that both precious metals are currently in a consolidation phase and are expected to trade within a broad range with high volatility in the coming sessions, as investors await further macroeconomic cues.

On the international front, spot silver fell by 1.37% to reach $82.16 per ounce. Meanwhile, spot gold showed slight marginal movements globally, currently hovering around $5,052.43. Jatin Trivedi, VP and Research Analyst at LKP Securities, emphasized that the market’s focus has now shifted to crucial US economic data, including retail sales, unemployment claims, and non-farm payrolls. These indicators are expected to influence the Federal Reserve’s future monetary policy stance, which will directly impact the trajectory of precious metals. For domestic consumers in India, the rise in gold prices during the wedding season remains a concern, though the correction in silver offers a tactical buying opportunity for many.