Gold Price Today: Gold and silver prices on the Multi-Commodity Exchange (MCX) extended losses for the second consecutive session on the morning of Tuesday, February 17, weighed down by profit booking, a stronger dollar, and subdued spot demand. MCX gold April futures fell by more than ₹1,200, or nearly 0.80%, to ₹1,53,532 per 10 grams. Meanwhile, MCX silver March contracts slipped over ₹4,700, or around 2%, to ₹2,35,142 per kg.
On COMEX, bullion prices also remained under pressure. Spot gold dropped 0.43% to $4,992 per ounce, slipping below the $5,000 mark. Spot silver declined nearly 3% to $74.24 per ounce during Asian trading hours.
GOLD PRICE TODAY: MAJOR NEWS AND EVENTS TO BE ON A LOOK OUT FOR
Major Events: Tuesday, February 17, 2026
- U.S. –Iran Talks – Geneva
- Russia–Ukraine Talks – Geneva
- 06:45 PM | U.S.– ADP Employment Change (Weekly)
Iran conducts military drills
U.S. President Donald Trump said on Monday that he would play an “indirect” role in the upcoming high-stakes talks between Washington and Tehran over Iran’s nuclear programme, set to be held Tuesday in Geneva. He added that he believes Iran is open to striking a deal.
Speaking to reporters aboard Air Force One, Trump described the negotiations as highly important and said he would stay involved from the sidelines.
Tensions remain high ahead of the discussions, with the United States deploying a second aircraft carrier to the Middle East. U.S. officials told Reuters that the military is preparing for the possibility of a prolonged campaign if diplomatic efforts fail. At the same time, Iran carried out military drills on Monday in the Strait of Hormuz — a vital global shipping corridor and
Trump Signals Possible New U.S. Weapons Sales to Taiwan After Talks with Xi
U.S. President Donald Trump said he is in talks with Chinese President Xi Jinping over potential future arms sales to Taiwan, suggesting that a decision regarding defense support for the self-governing island could be announced soon.
Speaking to reporters aboard Air Force One on Monday evening, Trump described his discussion with Xi as constructive and indicated that a determination would be made in the near future.
U.S. military assistance to Taiwan has become a significant source of friction between Washington and Beijing ahead of a planned meeting between the two leaders in China in April.
Bank of Japan Likely to Hike Rates in April, Says Former BOJ Board Member
The Bank of Japan is widely expected to increase its benchmark interest rate in April, according to former BOJ board member Seiji Adachi.
Adachi explained that implementing a rate hike in March could be risky, as it would depend largely on projections rather than concrete data. By April, however, additional economic indicators are expected to offer stronger confirmation of improving underlying inflation trends.
He also noted that the BOJ’s policy decision is unlikely to be swayed by Prime Minister Sanae Takaichi. Any effort to delay a rate hike could put downward pressure on the yen — a scenario the government would approach carefully due to market sensitivities.
GOLD PRICE TODAY: EXPERT OPINION
Manoj Kumar Jain, Director Prithvi Finmart, a senior financial market expert, said:
“On Monday, gold and silver were settled on a weaker note in the international markets. Gold April futures contracts were settled at $5,014.50 per troy ounce, down by 0.63%, and silver March futures contracts were settled at $76.555 per troy ounce, down by 1.81%. Domestic markets were also settled on a weaker note. Gold April futures contract settled at
Rs1,54,760 per 10 grams with a loss of 0.73%, and the silver March futures contract settled at Rs2,39,891 per kilogram with a loss of 1.83%.
Gold and silver were unable to hold their previous sessions’ gains and plunged again amid US-Iran deal optimism and a rebound in the dollar index. The U.S. and Iran talks are going on regarding the nuclear deal, and the possibility of positive developments in the talks is easing safe-haven buying for both precious metals. The Chinese markets are also closed for the week amid the Lunar New Year, and lower volumes in the precious metal markets are also limiting gains. However, geopolitical risk and cooling-off U.S. inflation could support prices. The U.S. 10-year bond yields also slipped below 4.10% and could also support gold and silver prices.”
Manoj Kumar Jain View for Today (For Gold and Silver) | 17/02/2026
“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 its 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 $4970-$4915, while resistance at $5045-$5080 per troy ounce and silver has support at $74.00-$71.20, while resistance is at $78.00-$80.40 per troy ounce in today’s session. At MCX, gold is having support at ₹153150-₹151800 and resistance at ₹155500-₹156700, while silver is having support at ₹234000-₹228800 while resistance at
₹244000-₹247700″
Manoj Kumar Jain View for Today (For Dollar and Rupee) | 17/02/2026
‘As per the daily technicalchart a pair is having support at 90.4000-90.1500 while resistance is placed at 91.0200-91.3500. A pair istrading above itssupport level of 90.5500 and expected to trade in the range of 89.5500-92.0000 this week.”
Kedia Commodity View for Today (For Gold) | 17/02/2026
“Technically, the market is under long liquidation, with open interest down 2.6% and prices falling ₹1,135. Support is seen at ₹153,940, with further downside toward ₹153,120. Resistance stands at ₹155,565, and a rebound could test ₹156,370.”
Kedia Commodity View for Today (For Silver) | 17/02/2026
“Technically, the market is under long liquidation, with open interest down 3.83% and prices falling ₹4,469. Support is seen at 236,250, with further downside toward ₹232,610. Resistance stands at ₹242,490, and a recovery could test ₹245,090.”
GOLD PRICE TODAY: FAQs
1. Why did gold and silver prices fall today?
Gold and silver prices declined for the second straight session due to profit booking, a stronger U.S. dollar, and weak spot demand. Optimism surrounding the U.S.–Iran nuclear talks also reduced safe-haven buying interest in precious metals.
2. What are the latest MCX gold and silver prices?
On February 17, MCX gold April futures fell by over ₹1,200 (around 0.80%) to ₹1,53,532 per 10 grams. MCX silver March contracts declined by more than ₹4,700 (around 2%) to ₹2,35,142 per kilogram.
3. How are international bullion prices performing?
On COMEX, spot gold slipped 0.43% to $4,992 per ounce, falling below the $5,000 mark. Spot silver dropped nearly 3% to $74.24 per ounce during Asian trading hours.
4. What major events could impact gold prices today?
Key events to watch include the U.S.–Iran talks in Geneva, Russia–Ukraine discussions, Iran’s military drills in the Strait of Hormuz, and the U.S. ADP Employment Change data release at 6:45 PM. These developments may influence dollar movement and safe-haven demand.
5. What are the key support and resistance levels for gold and silver?
According to expert Manoj Kumar Jain, gold has support at $4,970–$4,915 and resistance at $5,045–$5,080 per ounce. On MCX, gold support is at ₹1,53,150–₹1,51,800 and resistance at ₹1,55,500–₹1,56,700. Silver support stands at $74.00–$71.20 internationally and ₹2,34,000–₹2,28,800 on MCX, while resistance is seen at $78.00–$80.40 and ₹2,44,000–₹2,47,700 respectively.
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