After touching all-time high in January, a sharp fall in the prices of gold and silver was recorded on 13 February 2026. Multi Commodity Exchange of India On MCX, silver fell by nearly 9.84% to close at ₹2,37,136 per kg, while gold fell by more than 4% to ₹1,52,300 per 10 grams. The policies of the US Federal Reserve, increasing geopolitical tensions and global inflation data are considered to be the important reasons behind this sharp correction. Strong dollar and profit booking also increased the pressure. Experts say that at present the market is quite volatile, hence investors should avoid haste and adopt a cautious strategy.