Spot Gold
Spot gold slightly up on geopolitical risk; dim chance of rate cut caps rise
This story was originally published at 14:32 IST on 12 February 2026
Register to read our real-time news.Informist, Thursday, Feb. 12, 2026
MUMBAI – Spot gold prices rose slightly on Thursday amid lingering geopolitical tensions between the US and Iran. However, the gains in prices were capped due to fading expectations of a rate cut by the US Federal Reserve.
In Mumbai, the spot price of gold of 99.9% purity was INR 156,147 per 10 grams, up slightly from INR 156,113 per 10 grams on Wednesday, said Kumar Jain, spokesperson for the India Bullion and Jewellers Association. Dealers are not charging any premium on gold prices, Jain said. "In India, physical premiums eased significantly due to volatility," Kedia Advisory said.
The Pentagon has instructed a second aircraft carrier strike group to prepare for deployment to West Asia as the US military readies for a potential attack on Iran, The Wall Street Journal reported. On Tuesday, US President Donald Trump said he was considering sending another carrier to West Asia in preparation for military action if negotiations with Iran fail, the report said.
Gold prices are unlikely to rise further after stronger-than-expected January US jobs data dented expectations of near-term interest rate cuts by the US Federal Reserve. Data on Wednesday showed US jobs growth unexpectedly accelerated in January. Employers created 130,000 jobs in January, exceeding the 70,000 jobs projected by economists surveyed by Reuters. The unemployment rate declined to 4.3% in January from 4.4% in December. "Recent batch of economic data from US showed resilience in labor market giving space for US Federal Reserve to keep rates steady in near term. The markets have pushed back their expectations of a Fed rate cut to July from June," ICICI Direct said in a report. End
Reported by Reshma Ravi
Edited by Vandana Hingorani
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
