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Informist, Friday, Feb. 13, 2026

 

By Reshma Ravi

 

MUMBAI – Futures contracts of gold rebounded on the Multi Commodity Exchange of India and the COMEX Friday after prices fell to a one-week low in the previous session. Increasing safe-haven demand amid geopolitical tensions between the US and Iran supported prices.

 

At 1600 IST, the most-active April GOLD contract on the MCX was up 0.9% at INR 154,279 per 10 grams. The most-active April contract on COMEX was up 0.9% at $4,991.8 per ounce.

 

Geopolitical tensions between the US and Iran increased gold's safe-haven appeal. Though diplomatic-level talks between the US and Iran are reportedly ongoing, the US's repeated mention of military consequences if the deal with Iran doesn't go through is keeping the market on edge. On Thursday, US President Donald Trump said that Iran would face a "very traumatic" moment if it doesn't make a deal with the US within the next month, the New York Post reported. 

 

"We have to make a deal, otherwise it's going to be very traumatic," Trump told reporters at the White House a day after meeting privately with Israeli Prime Minister Benjamin Netanyahu. "They should have made a deal the first time. They got Midnight Hammer instead, and this will be very traumatic for Iran," the report quoted Trump as saying.

 

In the previous session, prices fell to a one-week low as stronger-than-expected US job data reduced hopes of near-term Federal Reserve easing. On Wednesday, data showed US jobs growth unexpectedly accelerated in January. Employers created 130,000 jobs in January, exceeding the 70,000 jobs economists surveyed by Reuters had projected. The unemployment rate declined to 4.3% in January from 4.4% in December. "Recent batch of economic data from the US showed resilience in the labour market, giving space for the US Federal Reserve to keep rates steady in the near term," ICICI Direct said in a report.

 

Market participants await the US consumer price index data, due later in the day, which will provide further cues on the Federal Reserve rate trajectory. "Softer inflation readings could revive expectations of policy easing and provide much-needed stability to bullion prices while persistent inflation and a resilient labour market could keep the Fed on a 'higher-for-longer' trajectory, keeping prices under pressure," Kotak Securities said in a note.

 

SILVER contracts on the MCX and COMEX also rose, tracking gains in gold. At 1601 IST, the most-active March silver contract on the MCX was up 4% at INR 246,448 per kilogram, and the same-month contract on COMEX was 3% at $78.19 per ounce.

 

Outlook for the rest of the session:

--MCX gold seen at INR 151,000–INR 157,000 per 10 grams

--COMEX gold seen at $4,920.0–$5,080.0 an ounce

--MCX silver seen at INR 240,000-INR 252,000 per kg

--COMEX silver seen at $76.00-$80.00 an ounce

End

 

US$1 = INR 90.63

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Saji George Titus

 

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