Gold Price Today: On Thursday, February 26, 2026, gold and silver prices opened lower on the Multi-Commodity Exchange (MCX) amid profit booking at higher levels. At the start of the session, MCX gold April futures dropped by over ₹600, or 0.40%, to ₹1,60,516 per 10 grams, while MCX silver March contracts declined by more than ₹5,400, or nearly 2%, to ₹2,62,892 per kilogram.
In the international market, precious metals also witnessed a weak opening. COMEX gold fell nearly 0.50% to $5,201 per ounce, whereas COMEX silver slipped around 2% to $89.5 per ounce, tracking subdued global cues.
GOLD PRICE TODAY: MAJOR EVENTS OF THE DAY (26th Feb, 2026)
Key Events of the Day
Thursday, February 26, 2026
07:00 PM – US Initial Jobless Claims
08:30 PM – Fed Governor Michelle Bowman Speech
Iran-Us Nuclear Talk in Geneva
IMF Urges US to Cut Fiscal Deficit
The International Monetary Fund (IMF) has urged the United States to reduce its rising fiscal deficit, stating that this would be the most effective way to address the country’s large current account and trade deficits.
IMF Managing Director Kristalina Georgieva said the U.S. current account deficit is “too big,” a concern also recognized by the Trump administration. Although the administration has introduced new tariffs under Section 122 of the Trade Act of 1974 after the Supreme Court struck down earlier emergency tariffs, the IMF emphasized that fiscal consolidation—not trade measures—is the more sustainable solution to correcting external imbalances.
In its Article IV review, the IMF projected that U.S. economic growth will remain resilient at 2.4% in 2026, while inflation is expected to return to the Federal Reserve’s 2% target only by early 2027.
However, the Fund warned that fiscal deficits are likely to stay elevated at 7–8% of GDP in the coming years, with consolidated government debt rising to 140% of GDP by 2031. While the risk of sovereign stress remains low, the IMF cautioned that the rising debt burden and growing short-term debt levels pose increasing risks to both the U.S. and the global economy.
GOLD PRICE TODAY: EXPERT OPINIONS
Manoj Kumar Jain, Director Prithvi Finmart, a senior financial market expert, said:
“Gold and silver gained on Wednesday amid fears of tariff-driven inflation in the U.S. and tensions in the Middle East. The U.S. President imposed 15% global tariffs after the U.S. Supreme Court ruled against the tariffs and increased uncertainty in the global financial markets once again.
Safe-haven buying has emerged in both precious metals, as gold prices crossed $5,200 per troy ounce, and silver prices also crossed $90 per troy ounce levels. The U.S. and Iran talks and U.S. PPI data and unemployment claims data could give further directions to the precious metals market. The dollar index and the U.S. 10-year bond yields plunged again and could support precious metal prices.”
Manoj Kumar Jain View for Today (For Gold and Silver) | 26/02/2026
“We are experiencing very high price volatility in both precious metals, but silver prices could hold their support level of $74.00 per troy ounce, and gold prices could also hold their support level of $4,940 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 ahead of the U.S. PPI data. Gold has support at $5164-5122, while resistance is at $5258-5300 per troy ounce, and silver has support at $88.00-84.80, while resistance is at $93.20-96.00 per troy ounce in today’s session.
At MCX, gold is having support at 160000-157700 and resistance at 162500-164000, while silver is having support at 263600-258800 and resistance at 274000-280000. We suggest booking profits in gold and silver at higher levels and waiting for some corrective dips to take fresh long positions.”
Kedia Commodity View for Today (For Gold) | 26/02/2026
“Technically, the market is witnessing short covering, with open interest easing 0.21% to 7,767. Support is seen at 160,320 and 159,500, while resistance stands at 161,805. A break above this could push prices toward 162,470..”
Kedia Commodity View for Today (For Silver) | 26/02/2026
“Technically, the market is witnessing short covering, with open interest falling 11.52% to 4,507 while prices jumped sharply. Immediate support is seen at 264,240, followed by 260,170. Resistance stands at 271,440, and a move above this level could extend gains toward 274,570.”
Ponmudi R, CEO of Enrich Money said
COMEX Gold
“COMEX Gold is trading within the $5,100–$5,300 consolidation band following recent volatility. The broader uptrend remains structurally intact, with the ongoing sideways phase acting as a healthy pause. Prices are sustaining above key moving averages, indicating underlying strength. Strong buying interest is evident in the $4,850–$5,000 support region. A sustained breakout above $5,500–$5,600 would be required to resume momentum toward fresh record territory.”
MCX Gold
“MCX Gold futures are consolidating within the 1,55,000–1,65,000 band after correcting from record highs near 1,80,000–1,81,000. Short-term price action reflects stabilization with a mild upward undertone, while the broader structure remains supportive above long-term bases. Strong demand is visible in the 1,45,000–1,55,000 region. A sustained hold above this zone, followed by a breakout beyond 1,65,000, could revive momentum toward 1,70,000–1,75,000, keeping the medium-term outlook constructive.“
COMEX Silver
“COMEX Silver is trading near $85–$90 after retracing from record highs above $121. The higher-timeframe bullish structure remains intact. Prices have reclaimed major moving averages, suggesting transition from corrective consolidation toward potential strength. The $70–$75 band remains a strong accumulation zone. A sustained recovery above $92–$96 could re-ignite momentum toward $100–$105 and potentially retest prior peaks. Medium- to long-term structure remains constructive despite near-term volatility.“
MCX Silver
“MCX Silver futures are hovering around 2,60,000–2,80,000 following consolidation. While the long-term bullish framework is intact, short-term momentum shows corrective undertones.
Key structural support lies at 2,25,000–2,35,000. A sustained hold above this region may trigger recovery toward 3,00,000–3,25,000. Positional accumulation near strong support zones may be considered tactically, though a decisive breakdown below support could accelerate downside pressure.”
Gold Price Today: FAQs
1. Why did gold and silver prices fall on MCX today?
Gold and silver prices opened lower due to profit booking at higher levels after recent gains driven by safe-haven demand and global uncertainties.
2. What were the opening prices of gold and silver on February 26, 2026?
MCX gold April futures opened at ₹1,60,516 per 10 grams (down over ₹600), while MCX silver March contracts opened at ₹2,62,892 per kg (down over ₹5,400).
3. How did international gold and silver prices perform?
COMEX gold fell nearly 0.50% to $5,201 per ounce, and COMEX silver declined around 2% to $89.5 per ounce during Asian trading hours.
4. What key global events are influencing precious metal prices today?
Major triggers include US Initial Jobless Claims data, a speech by Fed Governor Michelle Bowman, US-Iran nuclear talks in Geneva, and IMF concerns over the US fiscal deficit.
5. What are the key support and resistance levels for gold and silver?
According to experts, MCX gold has support at ₹1,60,000–₹1,57,700 and resistance at ₹1,62,500–₹1,64,000. MCX silver has support at ₹2,63,600–₹2,58,800 and resistance at ₹2,74,000–₹2,80,000. Experts suggest booking profits at higher levels and entering on corrective dips.
Gold Price Today Digital Media Network
Facebook Page (100K Followers)- https://www.facebook.com/Goldsilverpricetoday
Facebook group of (80K Jewellers Member – Sunar Jewellers Ekta – https://www.facebook.com/groups/goldsilverpricenews
Website (100000 Users)- https://goldpricetoday.co.in/
Instagram (46 K Followers)- https://www.instagram.com/goldpricetodaynews/
X- https://twitter.com/today_gold
Telegram Group (2000 Members)- https://telegram.me/goldsilverprice
Magazine (20000 Digital Subscribers): Gold Silver News For Magazine Subscription Contact +919111435279
Whatsapp News(25000 Members): +918448469588
