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Precious metals recover after sharp decline

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Gold and silver prices in India witnessed a strong recovery on February 13, reversing the sharp losses recorded in the previous trading session.

On the Multi Commodity Exchange (MCX), silver prices surged by nearly 2%, while gold advanced by around 1%, reflecting renewed buying interest in precious metals. The rebound follows a steep correction of approximately 3% in the prior session, which had exerted significant selling pressure across bullion markets.

In the international market, spot gold regained momentum, trading at approximately $4,960 per ounce on Friday. Spot silver also strengthened considerably, climbing 2.5% to trade above $77 per ounce.

Market analysts attribute the recovery to fresh bargain buying and improved global sentiment, signaling continued volatility but sustained investor interest in bullion assets.

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National News

Kirit Bhansali Has Been Appointed As The Nominee Director On The IAGES Board, Effective 11 May 2026

Kirit Bhansali Joins IAGES Board, Bringing Extensive Leadership Experience To Strengthen The Sector’s Growth Vision

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Kirit A. Bhansali, Chairman, GJPEC is a well-known personality in the Indian diamond and jewellery industry. He is a partner in Smital Gems, a leading diamond manufacturing company based in Mumbai. With his extensive experience in the field, he has played a significant role in promoting and developing the Indian gem and jewellery industry. He is a Committee Member of the Bharat Diamond Bourse (BDB).

In the past, he has also served as the Chairman of the Indian Institute of Gems and Jewellery (IIGJ). Apart from his business activities, Bhansali is actively involved in various socio-political and educational initiatives. Through his leadership and vision, Bhansali has contributed significantly to the growth and development of the Indian diamond and jewellery industry.

His vast industry experience, deep understanding of the sector, and visionary leadership will further strengthen and drive the mission and objectives of IAGES forward. IAGES warmly welcomes Bhansali on its Board of Directors and looks forward to his valuable guidance and contribution towards the growth of the association and the industry at large.

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