Gold Price Today: In the morning of 16th Feb, 2026, gold and silver prices on the Multi-Commodity Exchange of India (MCX) witnessed a decline, tracking weakness in global bullion markets and a firmer US dollar. Profit booking also weighed on sentiment after last week’s sharp rally. MCX gold for April delivery opened 0.57% lower at ₹1,54,999 per 10 grams compared to its previous close of ₹1,55,895. Meanwhile, MCX silver for March contracts slipped sharply, opening ₹5,871 or 2.4% lower at ₹2,38,489 per kg against the earlier close of ₹2,44,360.
In the international market, COMEX prices also edged lower amid mild profit taking after softer US inflation data had earlier pushed gold above the $5,000-per-ounce mark. During Asian trading hours on Monday, spot gold declined nearly 0.27% to $5,033 per ounce, while spot silver dropped over 2.08% to $76.34 per ounce, reflecting cautious investor sentiment following the recent rally.
GOLD PRICE TODAY: MAJOR NEWS AND EVENTS TO BE ON A LOOK OUT FOR
Big Events of the Week (Date-wise)
Monday, February 16, 2026
U.S. Market Holiday – Presidents’ Day
06:55 PM | U.S. – Fed Bowman Speech
Tuesday, February 17, 2026
U.S.–Iran Talks – Geneva
Russia–Ukraine Talks – Geneva
06:45 PM | U.S. – ADP Employment Change (Weekly)
Wednesday, February 18, 2026
07:45 PM | U.S. – Industrial Production MoM (January)
07:45 PM | U.S. – Manufacturing Production MoM (January)
12:30 AM | U.S. – FOMC Meeting Minutes
Thursday, February 19, 2026
06:50 PM | U.S. – Fed Bostic Speech
07:00 PM | U.S. – Fed Bowman Speech
07:00 PM | U.S. – Initial Jobless Claims (Week ending Feb 14)
Friday, February 20, 2026
07:00 PM | U.S. – Core PCE Price Index MoM (December)
07:00 PM | U.S. – GDP Growth Rate QoQ (Advance, Q4)
Other Key Events to Watch
Trump Tariff Statements
Ongoing U.S.–Iran Tensions
Iran Shows Flexibility
Iran has expressed readiness to pursue a fresh nuclear agreement with the United States that ensures economic gains for both sides. The renewed talks, scheduled in Geneva, aim to resolve the long-standing dispute over Tehran’s nuclear programme and prevent further military escalation. While the U.S. has deployed additional military assets to the region as a precaution, Secretary of State Marco Rubio reiterated that President Donald Trump prefers diplomacy over conflict.
Tehran has struck a relatively conciliatory tone, suggesting that shared economic interests—such as cooperation in oil and gas fields, mining investments, and aircraft purchases—could strengthen the durability of any deal. Unlike the 2015 agreement, the current negotiations are bilateral, with Oman acting as mediator. U.S. envoys Steve Witkoff and Jared Kushner are expected to participate in the discussions.
Iran has also indicated flexibility on its nuclear programme in exchange for sanctions relief. Officials have suggested the possibility of diluting highly enriched uranium but firmly rejected the idea of zero uranium enrichment, a key demand from Washington. The U.S., however, views enrichment within Iran as a potential pathway to nuclear weapons—an allegation Tehran denies.
Meanwhile, economic pressure remains a critical factor. The U.S. is reportedly working to reduce Iran’s oil exports to China, which account for more than 80% of its crude sales. Any disruption to this trade could significantly impact Iran’s revenues, adding urgency to the ongoing negotiations.
GOLD PRICE TODAY: EXPERT OPINIONS
Manoj Kumar Jain, Director Prithvi Finmart, a senior financial market expert, said:
“Gold and silver show very high price volatility and rebound again after cooling off U.S. inflation. Gold and silver prices plunged during the week after news reports that the U.S. and Russia could consider trade settlements, but the news is not yet confirmed by the U.S. and Russian counterparts. The U.S. inflation in January month cooled-off and came at 2.4% on a yearly basis against the previous month’s reading of 2.7%.
The dollar index and the U.S. 10-year bond yields also slipped from their highs and supported both precious metals. Global financial markets are witnessing very high volatility due to AI shocks and sell-offs in global equity markets.”
Manoj Kumar Jain View for Today (For Gold and Silver) | 16/02/2026
“We are experiencing very high price volatility in both precious metals, but silver prices could hold their support level of $65 per troy ounce, and gold prices could also hold their support level of $4,770 per troy ounce on a closing basis this week. We expect gold and silver prices to remain volatile this week amid volatility in the dollar index, US-Iran talks, and geopolitical tensions. Gold has support at $5010-$4970, while resistance is at $5080-$5122 per troy ounce, and silver has support at $74.40-$72.00, while resistance is at $80.00-$82.40 per troy ounce in today’s session. At MCX, gold is having support at ₹154400-₹153150 and resistance at ₹156800-₹158200, while silver is having support at ₹238800-₹232000 and resistance at ₹249100-₹255000.”
Pranav Mer, JM Financial, said for Gold:
“Gold futures started the week in positive and traded firm till mid-week, but pared all gains in a sharp sell-off on Thursday, and consolidated on Friday before closing the week higher by 0.8%.
On indicators: 14-week RSI is trading above 70, but below its moving average, while the MACD indicator is trading above the mid-zero line, with a positive difference.”
Pranav Mer, JM Financial View for Today (For Gold) | 16/02/2026
“Momentum looks consolidative with Supports at ₹149,900/ ₹134,300, while on the upside, Resistance immediately holds at ₹160,800. Overall, till ₹134,300 holds there is a high probability that prices may continue to see a steady recovery towards ₹170,000/ ₹180,000 levels.
Pranav Mer, JM Financial, said for Silver:
“Silver futures too started the week in positive and consolidated in a range till mid-week, but pared all gains in a sharp sell-off on Thursday and traded steady on Friday, before closing the week down by 1.8%.
On indicators: 14-week RSI dips below 70, also below its moving average but above 50, while MACD indicator is trading above the mid-zero line, but with a reducing positive difference. “
Pranav Mer, JM Financial View for Today (For Silver) | 16/02/2026
Outlook: In the Week ahead… look for Supports at ₹225,805, below which next holds at ₹213,750/ ₹165,000, while on the upside Resistance is seen at ₹270,000/ ₹295,000.“
GOLD PRICE TODAY: FAQs
1. Why did gold and silver prices fall on February 16, 2026?
Prices declined due to profit booking after last week’s rally, weakness in global bullion markets, and a firmer US dollar.
2. What are the current MCX support and resistance levels for gold?
According to experts, MCX gold has support at ₹1,54,400–₹1,53,150 and resistance at ₹1,56,800–₹1,58,200.
3. What are the global COMEX support levels for gold and silver?
Gold has support near $5,010–$4,970 and stronger support at $4,770, while silver support lies around $74.40–$72.00 per ounce.
4. How are US-Iran talks impacting gold prices?
Geopolitical tensions and nuclear deal negotiations are increasing market uncertainty, which is contributing to higher volatility in precious metals.
5. What is the short-term outlook for gold and silver?
Experts expect continued volatility this week due to movements in the dollar index, geopolitical developments, and macroeconomic data, with prices likely to trade within key support and resistance zones.
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