Gold prices in India have witnessed a significant drop in February 2026, reflecting improving global market conditions. After hitting peaks above ₹1,80,000 per 10 grams in January, the rates fell below ₹1,50,000 during the month. On Monday, February 16, 2026, 24-carat gold dropped by ₹1,310 to ₹1,56,440 for 10 grams, while 22-carat gold declined by ₹1,200 to ₹1,43,400.
Silver Prices Remain Stable
In contrast, silver prices have remained steady over the past three days. One kilogram of silver continues to trade at ₹2,80,000. Analysts suggest that while gold is sensitive to global economic improvements, silver shows less volatility in the short term.
Regional Gold Rates Across India
Gold prices vary slightly in major Indian cities:
Delhi: 24-carat gold is ₹1,56,590; 22-carat at ₹1,43,550.
Chennai: Slightly higher with 24-carat at ₹1,57,530; 22-carat at ₹1,44,400.
Mumbai, Kolkata, and Telugu States (Hyderabad, Vijayawada, Visakhapatnam): 24-carat stands at ₹1,56,440; 22-carat at ₹1,43,400.
These differences reflect local taxes and demand variations, though the overall trend remains consistent across regions.
What Experts Predict
Market experts predict that gold prices may continue to decline slightly in the coming weeks. This trend could benefit potential buyers looking to invest in physical gold or jewellery. However, consumers are advised to check live rates before purchasing, as gold prices fluctuate frequently.
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