Precious metal trading in Delhi displayed contrasting movements on 10 February 2026, as gold consolidated following a recent rally while silver experienced intense selling pressure. Gold prices across 24-karat, 22-karat, and 18-karat categories remained unchanged from the preceding trading day. In stark contrast, silver prices took a sharp tumble, shedding Rs 10,000 per kilogram in a single session after rallying heavily earlier in the week.
24-Karat Gold Rates Hold Steady Across All Quantities
Prices for pure 24-karat gold in the national capital showed zero day-on-day movement on Tuesday. The benchmark rate for 24-karat gold remained fixed at Rs 15,806 per gram, identical to the price posted in the previous session. For smaller denominations, an 8-gram weight continued to command Rs 1,26,448, while 10 grams of 24-karat gold held firm at Rs 1,58,060. Bulk buyers purchasing 100 grams of 24-karat gold saw the cost unchanged at Rs 15,80,600.
Prices for 22-Karat and 18-Karat Gold Remain Unchanged
Jewellery-grade 22-karat gold prices also maintained absolute stability in Delhi. The retail price for 22-karat gold closed at Rs 14,490 per gram. An 8-gram purchase remained priced at Rs 1,15,920, and the standard 10-gram rate held steady at Rs 1,44,900. For wholesale transactions involving 100 grams of 22-karat gold, the quotation stood firm at Rs 14,49,000.
Affordable luxury 18-karat gold demonstrated the exact same steady pattern on 10 February 2026. The metal held at Rs 11,859 per gram, without shifting a single rupee from the prior session. Buyers purchasing 8 grams paid Rs 94,872, whereas a 10-gram bar or piece remained quoted at Rs 1,18,590. Larger wholesale purchases of 100 grams stayed completely unchanged at Rs 11,85,900.
Silver Drops Rs 10,000 per Kilogram After Strong Rally
Silver broke away from gold's steady path, retreating significantly as traders locked in gains. On Monday, silver had advanced by Rs 15,000 to touch Rs 3,00,000 per kilogram. However, Tuesday brought intense profit-taking, causing silver prices to drop by Rs 10,000 per kilogram to Rs 2,90,000 per kilogram in Delhi.
The downward price revision was visible across all retail and wholesale denominations. On a per-gram basis, retail silver fell by Rs 10 from Rs 300 to Rs 290. An 8-gram quantity declined by Rs 80, settling at Rs 2,320 down from Rs 2,400. The standard 10-gram denomination decreased by Rs 100 to settle at Rs 2,900, down from Rs 3,000. In wholesale trading, 100 grams of silver gave up Rs 1,000 to drop from Rs 30,000 to Rs 29,000, aligning with the overall Rs 10,000 per kilogram downward adjustment.
Market Perspective on Recent Volatility
Addressing the shifting prices in precious metals, market leadership highlighted that underlying macroeconomic fundamentals remain sound despite day-to-day turbulence. Saurabh Jain, Co-founder and CEO of Stable Money, noted that gold maintains its historical role as a dependable safe-haven asset.
Saurabh Jain stated that the fundamentals have not shifted meaningfully, with price action largely steered by geopolitical uncertainty rather than standard shifts in physical demand and supply.
After silver experienced an extraordinary jump at the start of the week, market participants turned cautious. The sharp decline on Tuesday reflected widespread profit extraction as investors paused to evaluate global cues and macroeconomic data points before taking fresh trading positions.
