“Gold prices have fallen in February 2026, with prices correcting from highs of Rs 1,80,000 per 10 grams to around Rs 1,53,800 per 10 grams as on February 13,” Prathamesh Mallya, DVP – Research, Non-Agri Commodities and Currencies at Angel One, said.
He noted that better-than-anticipated employment data from the United States has tempered expectations of near-term interest rate reductions, which has weighed on gold prices over the past week.
“However, the yellow metal’s safe haven appeal remains intact on account of geopolitical tensions, and strong buying ahead of the Lunar New Year. It’s a tug of war between bears and bulls this week, and the volatility will continue in the week ahead,” Mallya added.
