Gold and silver rates today: Latest Rates in all Major Cities February 20, 2026

Gold prices exploding ₹15,649/g? Silver crashes 23%—now rebounding at ₹270/g! Uncover shocking volatility secrets, city tables (Delhi to Lucknow), copper/platinum steals. Is NOW the buy moment before Budget bombshell? Don’t miss India’s metal mania!

Gold and silver rates in India today, February 20, 2026, show a continued uptick amid global uncertainties, with 24K gold at around ₹15,649 per gram in major cities. From an Indian perspective, these metals remain vital for investments and festivals, influencing household savings and jeweller demand.

Recent Market Volatility

Gold and silver prices have swung sharply in early 2026, driven by US Federal Reserve signals, a stronger dollar under President Trump’s policies, and India’s Union Budget speculation on import duties. Silver dropped 22.86% in February from ₹3,50,000/kg to ₹2,70,000/kg after January highs of ₹4,10,000/kg, reflecting profit-taking and global sell-offs. Gold followed suit with 9% slides post-record highs but rebounded recently by ₹229/g for 24K, as rupee fluctuations and festive buying in cities stabilize local markets.

Gold Prices (24K, 22K, 18K)

Today’s gold rates for 24K, 22K, and 18K per gram reflect minor city-wise premiums due to making charges and taxes (GST extra).​

Rates rose today: 24K up ₹229/g, 22K up ₹210/g from yesterday.​

Silver Prices

Silver trades uniformly across major cities at ₹270/g or ₹2,70,000/kg, up ₹15/g or ₹15,000/kg today, fueled by industrial demand in electronics and solar panels.

This follows a volatile month, with Delhi and Mumbai mirroring national MCX trends.​

Copper Prices

Copper, a base metal tied to infrastructure booms in India, hovers at MCX rates of ₹1,160/kg or ₹1.16/g (lot size 2500 kg, down 1.66% recently). City retail varies slightly with premiums.​

Demand rises with government projects like highways.​

Platinum Prices

Platinum remains steady at ₹5,942/g or ₹59,42,000/kg across cities, up ₹79/g, popular for premium jewelry in urban India despite lower volumes than gold.[page:1 context]​

Delhi and Mumbai rates match national averages, with falling February trend (-1.79%).​

Indian Investment Insights

In India, gold and silver dominate portfolios for 30% of households, especially pre-festivals like Akshaya Tritiya, hedging inflation better than stocks amid 2026 rupee pressures. Buyers favour 22K for daily wear, while copper/platinum appeal to industrialists. Track MCX for live updates; consult jewellers for TCS/GST (3%/1%). Volatility offers buying dips, but diversify via SGBs or ETFs for long-term gains.