On February 24, 2026, gold and silver prices in India experienced a significant surge, with both the Delhi spot and MCX contracts continuing their robust gains.
While silver regains the ₹3.00 lakh per kg level, gold crosses a crucial psychological zone above ₹16,000 per gram, indicating renewed interest from jewelry buyers, traders, and retail investors during the present wedding season.
In Delhi, 24K gold surpasses the previous February top of ₹16,073 and reaches a new monthly high of ₹16,150 per gram. The action indicates a noticeable change in market mood and confirms a strong upward trend that began at the mid February low of ₹15,435 and added more than ₹700 per gram in only five sessions.
Gold Price Today and Silver Price Today on MCX and spot markets
On the derivatives side, MCX Gold Futures for February 2026 trade close to ₹1,61,500 per 10 grams, which is more than ₹2,000 above the previous settlement. The strong catch up move following prior underperformance against gold is reflected in the surge of MCX Silver Futures for February 2026, which are quoted close to ₹2,93,000 per kg.
24K gold is currently trading at ₹16,150 per gram on Delhi market rates, up ₹207 from ₹15,943 the previous day. That increase of ₹207 per gram over a single day is a surge of almost 1.3 percent. Making charges, GST, and TCS are not included in the mentioned prices; these differ according on the jeweler and the type of purchase.
Gold Price Today and Silver Price Today: multi-carat gold trend
For 18K gold in Delhi, prices grow in accordance with higher purities, indicating consistent demand from value focused customers. The rate reaches ₹12,116 per gram, an increase of ₹155 from ₹11,961, with the full slab wise comparison captured in the following table for quick reference by small-ticket investors.
Gold prices in Chennai continue to be slightly higher than those in other major Indian cities. For 24K, 22K, and 18K gold, the same spot levels are observed in Mumbai, Delhi, Kolkata, Bengaluru, Hyderabad, Kerala, Pune, and Ahmedabad, indicating a pan-India rally fueled by both jewelry purchases and investment.
Gold Price Today and Silver Price Today across Indian metros
Prices for 24K, 22K, and 18K gold are nearly the same throughout cities, with the exception of Chennai and Ahmedabad. In keeping with its typical trend, Chennai continues to command an estimated premium of between 0.8 and 1.2 percent above other metros, while Ahmedabad exhibits a minor variation of ₹5 per gram across purities when compared to Delhi and Mumbai.
Gold Price Today and Silver Price Today: February gold trend and technical view
A number of interrelated reasons are driving the most recent gold rise. Momentum traders and algorithmic systems entered aggressively after a clear technical breach over the February ceiling. In addition, a declining US dollar index eases pressure on commodities valued in dollars, allowing rupee gold to rise even in the absence of sharp fluctuations in global spot prices.
The actions of investors also matter. Fear of missing out led to more purchases from institutional and retail players as spot prices surpassed the prior peak. Due to the wedding season, physical demand is strong, and market positioning suggests a robust return to the longer bull phase rather than transient speculative activity.
Gold Price Today and Silver Price Today: upside targets and support zones
Now that the February barrier has been broken, analysts are keeping an eye on new upward levels. The bigger focus moves to the January all time high of about ₹17,900 per gram, while the next significant psychological barrier is above ₹16,500 per gram for spot 24K.
The previous resistance level of ₹16,073 per gram is now a near-term support. Rising traded volumes accompany the five session gain, which is now worth over ₹700 per gram, indicating that there is conviction behind the move.
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As long as prices stay above fresh support zones, technical indicators are still in positive territory and moving averages are stacked in favor of buyers, suggesting a continuing bullish bias.
