New Delhi, Feb. 12 -- Gold and silver prices slipped slightly on Thursday, February 12, after strong US jobs data dampened expectations of an early interest rate cut by the Federal Reserve.

Spot gold prices fell marginally to $5,080 per ounce; meanwhile, spot silver prices plunged 2% to $82.2 during the Asian trading hours on Thursday.

Gold prices are down 10.4% from their record high price of $5,608.35 per ounce. Spot silver is 48% away from its all-time high price of $121.67 per ounce.

According to Bloomberg report, US payrolls increased by the largest margin in over a year, while the unemployment rate unexpectedly declined in January, indicating that the US labour market remained resilient at the beginning of 2026.

The figures are ...