Gold, Silver Prices Drop: China-US News Impacts Market, Correction Expected

• Gold and silver prices declined in international and domestic markets on Monday, February 16, 2026.
• Spot gold fell by 0.27% to $5,033 per ounce, while silver dropped over 2.08% to $76.34 per ounce in Asian markets.
• MCX gold futures for April 2, 2026, opened at ₹1,54,999 per 10 grams, down from ₹1,55,895.
• MCX silver futures for March 5, 2026, fell by 3.48% (₹8,492) to ₹2,35,868 per kilogram.
• Decline attributed to profit-booking, stable dollar, and US CPI figures suggesting potential interest rate cuts, increasing appeal for non-yielding assets.