Silver rate today declines over 3% on MCX as US inflation data lifts US dollar - What should investors do?

Silver rate today: Silver price edged lower on Monday as the US dollar climbed on the back of better-than expected US inflation data.

Silver rate on MCX fell 3.3% to ₹2,36,100 per kg. Meanwhile, in international markets, Spot silver was down 0.6% at $76.92 per ounce, after a 3% rise on Friday.

The U.S. dollar index rose on Monday. The dollar index inched up 0.10% to 97, making greenback-backed bullion expensive for buyers in overseas currencies. Meanwhile, data released by the Labor Department on Friday showed that the U.S. Consumer Price Index (CPI) rose 0.2% in January, undershooting economists’ expectations of a 0.3% increase, after an unrevised 0.3% rise in December. Softer inflation readings typically bolster expectations of interest rate cuts.

On the other hand, Gold also declined today. MCX gold April contracts dropped by 0.74% to ₹1,54,743 per 10 grams. Whereas, in the international markets, Spot gold fell 0.4% to $5,020.10 per ounce by 0111 GMT after gaining 2.5% in the previous session. U.S. gold futures for April delivery lost 0.1% to $5,039.50 per ounce.

Other precious metals also fell. Spot platinum shed 0.4% to $2,054.35 per ounce, while palladium rose 0.4% to $1,692.23.

What should investors do?

According to Gaurvav Garg, Lemonn Markets Desk, gold and silver in 2026 are witnessing a volatile corrective phase after last year’s sharp rally, though the broader multi-year bullish trend remains intact.

"MCX gold is consolidating around ₹1.55–1.58 lakh per 10g, while silver has shown sharp two-way moves near ₹2.41 lakh/kg despite being below earlier peaks. Global prices remain significantly higher year-on-year, highlighting the strength of the prior bull run. Volatility is being driven by a stronger US dollar, shifting Fed rate-cut expectations, macro data surprises, and heavy profit-booking," said Garg.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.