Silver Slips 1% To ₹2,60,453 Per Kg On Strong U.S. Jobs Data, Firm Dollar

On February 12, 2026, silver prices fell along with losses in global bullion markets. This was because stronger-than-expected U.S. employment data supported the dollar and lowered hopes for early interest rate cuts.
On the Multi Commodity Exchange (MCX), silver futures fell 1% to ₹2,60,453 per kg. Gold futures dropped 0.66% to ₹1,57,701 per 10 grams, according to exchange data.

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Global Bullion Prices Ease

In the international market, spot silver declined 1.4% to $82.87 per ounce after gaining about 4% in the previous session. Spot gold fell 0.4% to $5,058.64 per ounce at 0134 GMT, while U.S. gold futures for April delivery slipped 0.3% to $5,080.0 per ounce, according to Reuters.

Among other precious metals, spot platinum fell 1% to $2,110.63 per ounce. Palladium rose 0.4% to $1,707.17 per ounce, Reuters reported.

U.S. Labour Data Lifts Dollar

U.S. job growth accelerated in January 2026, and the unemployment rate fell to 4.3%, according to official U.S. labour market data cited by Reuters. The data indicated continued resilience in the U.S. economy.

Following the release, the U.S. dollar index extended gains, adding pressure on dollar-denominated commodities such as gold and silver. A stronger dollar makes precious metals more expensive for holders of other currencies.

A Reuters poll showed that the U.S. Federal Reserve is likely to keep interest rates unchanged through the tenure of Chair Jerome Powell, which ends in May 2026, before a possible rate cut in June.

Geopolitical Developments

U.S. President Donald Trump said on February 11, 2026, that no “definitive” agreement had been reached with Iran following discussions with Israeli Prime Minister Benjamin Netanyahu, although negotiations would continue.
Market participants are also awaiting weekly U.S. jobless claims data due later on February 12 and key inflation data scheduled for February 13, which could provide further clarity on monetary policy direction.

On February 12, the prices of silver and gold went down because the U.S. dollar got stronger, and investors were looking at upcoming inflation data for more clues.