Business, February 10, 2026: Gold prices witnessed a strategic pullback in both domestic and international markets on Tuesday morning. Driven by a wave of profit booking and a resurging US Dollar Index (DXY), the yellow metal eased from its recent highs, providing a potential “buy-on-dip” entry point for long-term investors.
Gold Rates Today: MCX and Spot Market Performance
In the domestic market, MCX Gold April 2026 contracts opened with a gap down, sliding by approximately ₹2,065 (1.3%) to hover around ₹1,56,001 per 10 grams. This correction follows a volatile start to the month where gold tested historic resistance levels.
Retail Gold Rates in India (Spot):
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24-Karat Gold: ₹1,57,350 per 10 grams (▼ ₹1,010)
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22-Karat Gold: ₹1,44,238 per 10 grams (▼ 0.64%)
Despite the intraday decline, gold remains in a robust long-term bull market, currently up nearly 73% year-to-date in USD terms.
Why Are Gold Prices Falling Today?
Market analysts point to three primary catalysts for this morning’s price action:
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Profit Booking: After a massive 2% surge on February 9, traders moved to square off positions and lock in gains.
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Stronger US Dollar: The Dollar Index (DXY) firmed up near the 97.0 level. Since gold is dollar-denominated, a stronger greenback makes the metal more expensive for global buyers.
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Margin Hikes: Recent increases in exchange margin requirements (up to 8% for gold and 15% for silver) have flushed out highly leveraged speculative “paper” positions.
Key Technical Levels to Watch
For traders looking for the next directional move, keep a close eye on these support and resistance zones:
| Market | Immediate Support | Key Resistance |
| MCX Gold (April) | ₹1,50,500 – ₹1,47,700 | ₹1,55,800 – ₹1,58,000 |
| Spot Gold (XAU/USD) | $4,770 – $4,640 | $5,050 – $5,100 |
Silver remains more volatile, with MCX Silver contracts dropping nearly 2%, amplifying gold’s moves due to its higher beta nature.
The 2026 Gold Outlook: Bull Run or Reversal?
While short-term volatility is expected, the broader structural bull case for gold remains intact. Central bank acquisitions, particularly by China’s PBOC, and persistent global inflation continue to provide a firm floor for prices.
“This is a routine technical correction in an otherwise healthy uptrend,” says a lead analyst at PingTV. “Investors should monitor upcoming US jobs and inflation data, as these will dictate the Federal Reserve’s next policy shift.”
Stay tuned to PingTV for real-time commodity updates and expert financial insights.
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