Sliver Rates Crashed: After Record Rally, Gold And Silver Prices Fall Steeply In Weeks; Big Gap From Hike

Gold and silver prices remain volatile after recent highs. Gold is down nearly Rs 37,000 and silver over Rs 1.75 lakh from peak levels. Check latest precious metal price trends.

By Swastika Sruti

Updated: Sunday, February 15, 2026, 13:09 [IST]

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Gold and silver prices remain volatile despite recent gains.
Both metals are trading significantly below their recent peak levels.
Experts advise investors to track the market closely before making decisions.

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Gold and silver prices are experiencing volatility, trading below their recent highs despite short-term gains, with silver falling nearly Rs 1.75 lakh per kilogram from its January peak and gold declining by about Rs 37,000 per 10 grams.

Gold and silver prices have been witnessing sharp fluctuations over the past few weeks, with both precious metals trading much lower than their recent highs despite a short-term rise. Market experts say the volatility has been intense, leaving investors cautious about fresh buying or selling.

Silver prices see sharp swings

Silver has recorded one of the most dramatic movements in recent days. After touching a record high at the end of January, prices saw a steep correction within a short span of time.

On January 29, silver reached an all-time high of Rs 4,20,048 per kilogram. However, a sharp fall followed, and by Friday it was trading near Rs 2,44,360 per kilogram - nearly Rs 1.75 lakh cheaper than its peak.

Silver price trend:

Down by over Rs 1.75 lakh per kg from its January peak
Gold also below recent high

Gold has followed a similar trend. The yellow metal hit a high of Rs 1,93,096 per 10 grams on January 29 but has since declined steadily. By Friday, 24-carat gold was trading at around Rs 1,55,895 per 10 grams on MCX, making it nearly Rs 37,000 lower than its recent peak.

Even though prices showed a slight rise on Friday, they remain significantly below record levels.

What investors should watch

Market analysts say the past few weeks have shown how quickly precious metal prices can change. Within just over two weeks of trading, both gold and silver have seen sharp highs and steep corrections.

Investors are being advised to keep a close watch on market trends and global cues as volatility in precious metals continues to influence buying and investment strategies.