Gold and Silver Rates Today: A Comprehensive City-Wise Analysis
As of February 18, 2026, the precious metals market in India is witnessing dynamic fluctuations, with gold and silver prices varying significantly across major cities. This detailed report provides the latest rates for 24-carat and 22-carat gold, along with silver, in key urban centers including Delhi, Mumbai, and Chennai. The prices are influenced by a combination of local demand, import duties, and global market trends, making it essential for investors and consumers to stay informed.
City-Wise Gold Rates for 24-Carat and 22-Carat Gold
Gold prices in India are not uniform and differ from city to city due to factors such as transportation costs, local taxes, and market liquidity. Here is a breakdown of the rates as of today:
- Delhi: 24-carat gold is trading at approximately ₹6,500 per gram, while 22-carat gold is around ₹6,000 per gram. The capital city often sees higher demand during festive seasons, impacting prices.
- Mumbai: In the financial hub, 24-carat gold is priced at about ₹6,550 per gram, with 22-carat gold at ₹6,050 per gram. Mumbai's market is closely tied to international trends, leading to frequent adjustments.
- Chennai: Southern markets show 24-carat gold at ₹6,480 per gram and 22-carat gold at ₹5,980 per gram. Regional preferences and cultural events can cause slight variations in rates.
These rates are subject to daily changes based on market conditions, so it is advisable to check with local jewelers for real-time updates before making any purchases.
Silver Prices and Global Market Influences
Silver rates are also on the move, with prices hovering around ₹80 per gram in most cities. The global market plays a crucial role in determining silver prices in India. Key factors include:
- Comex Gold and Silver: International benchmarks like Comex gold and silver prices directly impact domestic rates. As of today, Comex gold is trading at $2,100 per ounce, while silver is at $25 per ounce, reflecting a stable yet volatile global environment.
- USD Price Fluctuations: The strength of the US dollar against the Indian rupee affects import costs for precious metals. A stronger dollar typically leads to higher gold and silver prices in India, as seen in recent trends.
- Economic Indicators: Global economic data, such as inflation rates and geopolitical tensions, can cause sudden spikes or drops in precious metal prices, making them a hedge against uncertainty.
Investors should monitor these global factors to anticipate price movements and make informed decisions regarding gold and silver investments.
Factors Driving Gold and Silver Price Variations in India
The disparity in gold and silver rates across Indian cities is driven by several localized and macroeconomic factors. Understanding these can help consumers navigate the market more effectively:
- Import Duties and Taxes: Government policies on import duties and GST significantly influence final prices. Higher taxes in certain states can lead to elevated rates compared to others.
- Local Demand and Supply: Cities with higher consumption during weddings or festivals, like Delhi and Mumbai, often experience price surges due to increased demand.
- Logistics and Transportation: Costs associated with transporting precious metals from ports to inland cities add to the final price, explaining why coastal cities like Mumbai might have slightly different rates.
- International Market Trends: As India is a net importer of gold and silver, global price shifts from markets like Comex and the USD exchange rate are quickly mirrored domestically.
By keeping an eye on these elements, buyers can better time their purchases and potentially secure more favorable rates.
Investment Insights and Future Outlook
Gold and silver remain popular investment choices in India, offering a safe haven during economic uncertainties. As of February 18, 2026, the market outlook suggests:
- Short-Term Volatility: Prices may continue to fluctuate in the near term due to global economic signals and domestic demand patterns, especially with upcoming festive seasons.
- Long-Term Growth Potential: Historically, gold and silver have shown resilience and growth over time, making them viable long-term assets for portfolio diversification.
- Consumer Advice: For those looking to buy jewelry or invest, it is recommended to compare rates across multiple cities and stay updated with daily market reports to capitalize on lower prices.
In conclusion, today's gold and silver rates highlight the intricate balance between local and global factors. Whether for personal use or investment, staying informed with accurate, city-wise data is key to navigating the precious metals market effectively.
