Gold and silver prices in India moved higher on February 13, with MCX contracts recovering part of the steep losses from the previous session. MCX gold rose about 1% in the opening session, while MCX silver advanced roughly 2% as buying interest returned following a broad selloff across asset classes a day earlier. In global trade, spot gold climbed back toward 4,960 dollars per ounce and spot silver gained around 2.5%, even as both metals remained on track for a modest weekly decline after recent volatility. Sentiment is being shaped by expectations around upcoming US CPI data and its potential impact on the Federal Reserve’s rate-cut timeline, now seen by markets closer to July. In India, retail inflation accelerated to 2.75% in January, edging above the Reserve Bank of India’s 2% tolerance floor and adding another macro factor for bullion traders to watch.
Highlights
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MCX gold gains about 1% in the opening session, nearing the day’s high.
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MCX silver jumps close to 2–2.5%, trading near the intraday peak.
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Spot gold rate and silver Rate recover after a sharp 3% drop in the prior session.
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Markets await US CPI data that could influence the Fed’s first rate cut timing.
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India’s CPI rises to 2.75% in January, moving above the RBI’s 2% lower band.
Why it matters
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The rebound signals continued investor interest in precious metals despite recent volatility.
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US inflation data and shifting rate-cut bets may drive the next big move in bullion.
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Higher domestic inflation and global risk aversion could keep gold and silver in focus for Indian investors.
