Gold rose 1 per cent to $5,006 per ounce, silver jumped 3.8 per cent to $78.3 per ounce, and Brent crude climbed 5 per cent to $71.9 per barrel on Friday morning, because the collapse of US-Iran talks reignited navy tensions and drove recent safe-haven shopping for throughout commodity markets.
Brent crude touched its highest degree since August 2025 at $71.8 per barrel, extending a rebound that started from the $61.80–$62.00 demand zone.
On MCX, crude oil futures held close to ₹6,000, with fast resistance seen on the ₹6,090–₹6,135 band. On USOIL, prices consolidated close to the 66.40–66.70 zone after breaking above the prior 65.40 resistance degree.
Gold’s positive aspects have been saved in examine close to the $5,000–$5,025 resistance zone on COMEX and ₹1,57,500–₹1,58,500 on MCX, as delayed charge minimize expectations and revenue reserving capped upside.
Jateen Trivedi, VP Analysis Analyst at LKP Securities, famous that positive aspects have been restricted to round ₹500, including, “…delayed charge minimize expectations and revenue reserving at main zones restricted upside momentum…volatility is more likely to persist amid geopolitical headlines and Fed charge outlook cues.”
MCX gold futures traded within the ₹1,50,000–₹1,60,000 zone, nicely beneath the all-time excessive of round ₹1,80,000–₹1,81,000. Help is seen at $4,925 on COMEX and ₹1,52,000 on MCX. A breakout above ₹1,60,800 can be wanted to revive upside momentum towards ₹1,65,000–₹1,75,000, in accordance with Ponmudi R, CEO of Enrich Cash.
Silver outperformed gold on a proportion foundation, although MCX silver futures remained within the ₹2,30,000–₹2,50,000 vary — nicely off report highs close to ₹4,20,000. COMEX silver traded close to $73–$80, with key assist at $65–$70 and resistance at $85–$92.
Gaurav Garg, Analysis Analyst at Lemonn Markets Desk, described present worth motion as consolidation relatively than a development reversal, saying, “…draw back is being cushioned by safe-haven demand and central financial institution shopping for…buyers are suggested to stagger recent positions and preserve disciplined threat administration in uneven circumstances.”
The earlier session had already seen risk-off sentiment construct, with Brent rising over 1 per cent and gold and silver gaining roughly 0.3 per cent and 1 per cent, respectively, forward of Friday’s sharper strikes.
Printed on February 20, 2026
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