On Friday, February 20, gold prices in India saw a slight increase despite conflicting bullion signals throughout the world and the rupee’s recent trading sessions. The cautious tone observed in the local market this week was extended by early numbers showing modest rises for both gold and silver.
According to data from GoodReturns, the price of 24 carat gold increased by about ₹10, making 10 grams cost about ₹1,56,500. Additionally, silver rose little, gaining around ₹100 per kilogram to remain around ₹2,70,100.
Silver prices in Delhi increased to ₹270.10 per gramme, while 24K gold prices rose to ₹15,664 per gramme. After two days of consolidation, purchasers saw recent dips as an accumulation zone rather than the beginning of a deeper slump, as seen by the big increase in gold and the smaller increase in silver.
The price of 24K gold for in person purchasers in the nation’s capital has increased from ₹15,435 to ₹15,664 per gram.
Due to widespread demand across purity sectors, the price of 22K gold surged to ₹14,360 per gram from ₹14,150, while the price of 18K gold went to ₹11,752 per gram from ₹11,580.
The previous weekly loss was mostly erased by the 1.5% increase in 24K gold that occurred in a single day.
Following a recent low of about ₹15,400 per gram, prices rose sharply, and the advance above ₹15,600 suggests that buyers are protecting this region as a crucial support band.
Current gold rates in India (February 20)
24K gold: ₹15,650 per gram
22K gold: ₹14,346 per gram
18K gold: ₹11,738 per gram
Before making large bullion purchases, market observers advised buyers to exercise caution and monitor both home currency volatility and global developments.
Gold rates across major cities
The price of gold stayed mostly unchanged on Friday in India’s major cities. Ten grams of 24 carat gold cost roughly ₹1,56,500 in Kolkata and Mumbai. Chennai buyers were still paying higher prices; the same quantity was selling for about ₹1,58,190.
The price of 24 carat gold in Delhi, the nation’s capital, was around ₹1,56,650.
Chennai maintained its premium, with prices hovering around ₹1,45,010 for 22 carat gold, while Mumbai, Kolkata, Bengaluru, and Hyderabad quoted levels around ₹1,43,460 per 10 kilos.
Nationwide, benchmark 999 purity gold prices stayed about ₹15,650 per gram.
Silver prices in India
Silver traded around ₹2,70,100 per kilogram across Delhi, Mumbai, Chennai and Kolkata, with the national average hovering near ₹270.10 per gram. Analysts noted that silver continues to respond more sharply to global risk appetite, with rupee fluctuations further influencing domestic pricing.
What’s driving the market?
Commodity analysts explained Friday’s actions by pointing to a mix of domestic and international factors:
- Geopolitical tensions that persist and encourage safe haven purchasing.
- The impact of rupee volatility on import linked pricing.
- Demand during certain seasons before weddings and festivals
- Expectations of the market regarding inflation and future Reserve Bank of India cues
Advice for buyers and investors
Consumers were advised by experts to be mindful of intraday volatility and to only buy jewellry that has been BIS hallmarked. Additionally, buyers were instructed to check invoices for purity, weight, and all relevant costs and to compare estimates from several jewelers.
Given the ongoing vulnerability of bullion prices to global events, analysts advised investors seeking larger allocations to keep a careful eye on global market cues and currency moves.
Gold Price Today and Silver Price Today: Key Delhi market snapshot
The price of 24K gold for in-person purchasers in the nation’s capital has increased from ₹15,435 to ₹15,664 per gram.
Due to widespread demand across purity sectors, the price of 22K gold surged to ₹14,360 per gram from ₹14,150, while the price of 18K gold went to ₹11,752 per gram from ₹11,580.
The previous weekly loss was mostly erased by the 1.5% increase in 24K gold that occurred in a single day. The recent bottom at ₹15,400 per gram was sharply broken by prices, and the surge above ₹15,600 suggests that buyers are protecting this region as a crucial support band.
Gold Price Today and Silver Price Today: City-wise gold trends across India
Outside of Delhi, the price of 24K gold was approximately ₹15,664 per gram in Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala, Pune, and a few other places. In these places, the price of 22K gold was close to ₹14,360 per gram, while the price of 18K gold was close to ₹11,752 per gram, suggesting widespread national alignment.
Also Read: Mercy India OTT Release – Streaming Date, Platform Details
Even if today’s recovery was widespread, Chennai continued to be an anomaly on gold. Estimates for the city’s 24K rate were close to ₹15,794 per gram, 22K at roughly ₹14,485, and 18K at roughly ₹12,402. Due to cultural demand patterns, Chennai often has a premium of 0.8-1.2% above other metro areas.
Image: AI Generated (Representational)
