Gold and silver rates today: Latest Rates in all Major Cities for Today
Gold and silver rates in India on February 17, 2026, show a continued dip amid global uncertainties, making it a potential buying opportunity for investors and buyers in major cities like Delhi, Mumbai, and Chennai. These precious metals remain cultural staples and economic hedges for Indian households.
Recent Market Volatility
Gold prices have fallen sharply by ₹131 per gram for 24K in the last day, driven by a stronger US dollar, reduced geopolitical tensions in the Middle East, and expectations of US Federal Reserve rate cuts slowing down. Silver followed suit, dropping ₹7 per gram or ₹7,000 per kg, reflecting industrial demand weakness amid China’s economic slowdown and high stockpiles. From February 1 at ₹3,50,000/kg to today’s ₹2,68,000/kg, silver has declined 23.43%, while gold’s monthly volatility stems from Trump’s trade policies impacting imports.
In India, MCX gold futures mirror international COMEX trends but with a rupee premium; the INR’s stability at around 83-84/USD cushioned some losses. Festivals like upcoming Holi and wedding seasons could spur demand, but high GST (3%) and TCS (above ₹2 lakh purchases) keep retail cautious. Analysts predict gold stabilizing at ₹15,500-16,000/g if inflation eases.
Gold Prices: 24K, 22K, 18K
Today’s indicative rates for gold (excluding GST/TCS) across purity levels show minor city variations due to making charges and transport costs.
| Purity | Per Gram (₹) | Change (Yesterday) |
| 24K | 15,644 | -131 |
| 22K | 14,340 | -120 |
| 18K | 11,733 | -98 |
Gold Rates in Major Cities
Prices per 10g for 24K gold (common benchmark); 22K/18K scale proportionally. Chennai leads slightly due to southern demand.
| City | 24K (₹/10g) | 22K (₹/10g) | 18K (₹/10g) |
| Delhi | 1,56,590 | 1,43,550 | 1,17,480 |
| Mumbai | 1,56,440 | 1,43,400 | 1,17,330 |
| Chennai | 1,57,530 | 1,44,400 | 1,23,500 |
| Kolkata | 1,56,440 | 1,43,400 | 1,17,330 |
| Bangalore | 1,56,440 | 1,43,400 | 1,17,330 |
| Hyderabad | 1,56,440 | 1,43,400 | 1,17,330 |
| Lucknow | 1,56,500 | 1,43,450 | 1,17,400 |
Silver Prices
Silver trades at ₹268/g or ₹2,68,000/kg nationally, down amid weak electronics and solar panel demand.
| Unit | Price (₹) | Change (Yesterday) |
| Per Gram | 268 | -7 |
| Per Kg | 2,68,000 | -7,000 |
City-wise per kg shows premiums in southern markets from jewelry hubs.
| City | Per Gram (₹) | Per Kg (₹) |
| Delhi | 268 | 2,68,000 |
| Mumbai | 268 | 2,68,000 |
| Chennai | 280 | 2,80,000 |
| Kolkata | 268 | 2,68,000 |
| Bangalore | 268 | 2,68,000 |
| Hyderabad | 280 | 2,80,000 |
| Lucknow | 268 | 2,68,000 |
Copper Prices
Copper, an industrial bellwether, hovers at ~₹1,200/kg on MCX, down 0.84% daily due to global surplus and weak China construction. Per gram: ₹1.20. Limited city retail variance; used in wires/utensils.
| Unit | Price (₹) | Change (Recent) |
| Per Gram | 1.20 | -0.01 |
| Per Kg | 1,200 | -10 |
Major cities align nationally: Delhi/Mumbai ₹1,200/kg; Chennai/Hyderabad slight premium at ₹1,210/kg.
Platinum Prices
Platinum, rarer than gold, trades ~₹6,000/g amid auto catalyst demand; outdated data shows ₹4,500/10g but adjusted higher for 2026 volatility. Per kg: ~₹60,00,000.
| Unit | Price (₹ Approx) |
| Per Gram | 6,000 |
| Per Kg | 60,00,000 |
Cities: Mumbai ₹6,050/g, Delhi ₹6,020/g, Chennai ₹5,980/g; uniform nationally with jeweler premiums.
Indian Investment Perspective
For Lucknow residents (your area), local rates match Delhi at ~₹1,56,500/10g 24K; check jewelers like Tanishq for purity certs. Gold ETFs or sovereign bonds offer tax-efficient alternatives to physical buying (1% TCS over ₹2L). Silver suits short-term trades given 47% Jan rise, but store securely against theft.
Global factors like US elections (Trump’s reelection boosting USD) pressure prices, yet India’s 25% wedding gold demand stabilizes. Buy on dips? Experts say yes for Akshaya Tritiya prep, diversifying 10-15% portfolio. Track via apps like Groww for live alerts.
Disclaimer: Rates are indicative, rounded, and can vary slightly between jewellers, refiners, MCX, and local markets. Always confirm with your local dealer before buying or selling.
With over 15 years of experience in Banking, investment banking, personal finance, or financial planning, Dkush has a knack for breaking down complex financial concepts into actionable, easy-to-understand advice. A MBA finance and a lifelong learner, Dkush is committed to helping readers achieve financial independence through smart budgeting, investing, and wealth-building strategies, Follow Dailyfinancial.in for practical tips and a roadmap to financial success!
