Gold and silver prices today experienced a notable surge across Indian markets on Friday, February 20, 2026. Following a brief period of correction earlier this week, both precious metals regained their momentum on the Multi-Commodity Exchange (MCX). Investors are closely watching the market as global geopolitical shifts and currency fluctuations continue to drive domestic bullion rates.
MCX Performance and Global Cues
During the early trading session on Friday, gold futures for April delivery rose by 0.33 per cent, reaching a staggering Rs 1,55,335 per 10 grams. Silver mirrored this upward trajectory, with March futures jumping 1.2 per cent to trade at Rs 2,44,300 per kilogram. This rebound comes after a sharp sell-off on February 17, triggered by weak global cues and a strengthening dollar index.
In the international market, the US Comex saw gold prices hovering around $5,011.50 per ounce, while silver stood at $78.23. The World Gold Council suggests that the current rally is primarily fueled by gold’s role as a hedge against persistent inflation and global economic uncertainty.
Retail Prices in India: 24K and 22K Gold
The domestic retail market reflected the bullish sentiment seen in the futures segment. According to the India Bullion and Jewellers Association (IBJA), 24-carat gold increased by Rs 660, trading at Rs 1,55,730 per 10 grams. For those looking at 22-carat gold, which is commonly used for jewelry, prices have also seen a proportional hike across major metros.
Gold Prices Today: City-wise Breakdown (Per Gram)
Prices often vary across states due to local taxes, octroi, and making charges. Here are the rates for 24K, 22K, and 18K gold in major Indian cities:
| City | 24K Gold (per gram) | 22K Gold (per gram) | 18K Gold (per gram) |
| Delhi | Rs 15,492 | Rs 14,201 | Rs 11,619 |
| Mumbai | Rs 15,519 | Rs 14,226 | Rs 11,639 |
| Kolkata | Rs 15,512 | Rs 14,219 | Rs 11,634 |
| Chennai | Rs 15,578 | Rs 14,280 | Rs 11,684 |
Silver Rates Today: Industrial Demand and Retail Trends
Silver remains highly volatile compared to gold, largely due to its extensive use in industrial sectors like electronics and renewable energy. Today, silver prices in India are trading near Rs 2,44,430 per kg. Sterling silver (925 purity) is currently priced at Rs 2,25,913 per kilo.
In major cities, the price for 999 purity silver is as follows:
- Delhi: Rs 2,43,360 per kg
- Mumbai: Rs 2,43,780 per kg
- Chennai: Rs 2,44,490 per kg
Market Outlook and Investment Strategy
Analysts believe that while the current prices are at record highs, the market might face resistance at these levels. However, as long as geopolitical tensions remain unresolved, the “safe-haven” demand for bullion will likely persist. Small-scale investors are increasingly leaning towards Digital Gold and Silver ETFs to avoid the high making charges associated with physical jewelry.
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