Gold Rate In India Rally Pauses As Fed Rate Cut Hopes Cool; Will US Inflation Reignite Rally? 13 Feb Outlook

Gold rate in India: Prices of 24K, 22K and 18K gold eased on Thursday, tracking a broader pullback in global precious metals after stronger-than-expected US economic data dampened hopes of aggressive Federal Reserve rate cuts. In contrast, silver prices bucked the trend with a mild uptick during the session.

Back home, India's retail inflation rose to 2.7% in January. Investors are now awaiting the US inflation data due on Friday, February 13, which could set the near-term direction for gold and silver prices.

Gold Rate in India

The price of 24 karat gold in India declined nearly Rs 120 per gram to Rs 15,840 per gram on Thursday, February 12. Meanwhile, the rate of 22 karat gold in India fell by Rs 110 per gram to Rs 14,520 per gram. The rate of 18 karat gold in India dipped by Rs 90 per gram to Rs 11,880 per gram.

Silver Rate in India

The price of silver in India saw a mild uptick on Thursday. Silver rate in India surged to Rs 295 per gram and to Rs 2,95,000 per kilogram on Thursday, as per the Goodreturns data. Silver has delivered around 160% return in 2025 and saw massive volatility in January.

MCX Gold, Silver Rate

MCX gold rate today for April contracts expiry closed 3.31% lower at Rs 153501.00
per 10 grams on Thursday. Meanwhile, MCX silver rate for March contract expiry closed 9.39% lower at Rs 238312.00 per kilogram. The international gold rate declined to around $5,050 per ounce on Thursday on the account of stronger-than expected US jobs data.

Gold, Silver Price Outlook

Gold rate in India and across the international market is likely to trade in rang-bound manner on Friday, 13 February as investors will closely track US inflation data, scheduled to be released later in the day. Additionally, cues from US Fed officials related to rate cut will also be in focus.

"Gold is likely to trade in a tight but volatile range on February 13, with the US CPI release acting as the key driver for intra-day moves. Interest rate expectations remain at the forefront of investors decisions, and the CPI print has the potential to quickly shift those expectations," explained Ross Maxwell, Global Strategy Operations Lead, VT Markets on Gold Outlook Data-Dependent with Focus Firmly on US Inflation.

Lower-than expected US inflation data would fuel Treasury yields and push the USD lower, and may trigger a bullish movement in gold prices, however, higher inflation would support yields and may curb gold's upward move.

"A softer-than-expected inflation reading would likely push Treasury yields and the USD lower, which would put pressure on the FED for earlier rate cuts, and trigger a bullish move in gold as real yields fall. However, if the print is higher than expected, this would support higher yields and a stronger USD, weighing on gold and potentially creating a sharp intraday correction. If the print is broadly in-line with expectations this could generate two-way volatility as traders adjust their positioning," added Ross Maxwell.

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