Investor sentiment strengthened after softer US economic data raised hopes of rate cuts and signalled slowing growth.
Gaurav Garg,
Research Analyst
Lemonn Markets Desk.
Mumbai, 11 February 2026: Precious metal commentary: Gold and silver prices rallied on 11 February, supported by positive global cues and renewed safe-haven demand amid expectations of a more accommodative US Federal Reserve stance. MCX gold rose nearly 1%, reclaiming levels above ₹1.58 lakh per 10 grams, while spot gold hovered near a two-week high. Silver outperformed with around a 3% gain, crossing ₹2.60 lakh/kg on MCX as spot prices climbed near $83/oz. Investor sentiment strengthened after softer US economic data raised hopes of rate cuts and signalled slowing growth. Additional support came from continued central bank buying and lingering geopolitical tensions. In the near term, precious metals are expected to remain volatile as markets track upcoming US jobs and inflation data for policy direction.
