February 18 Gold Silver Crash: How Rs 8000 Silver Fall Impacts Wedding Jewellers
Gold and silver rates in India on January 30, 2026, show a slight uptick, reflecting steady demand amid festive preparations and global economic cues. From an Indian perspective, these metals remain vital for investments and jewellery, especially with wedding seasons approaching.
Gold Prices Today
Gold rates for 24K, 22K, and 18K per gram are marginally higher across major cities, driven by import duties and local premiums. Chennai leads with the highest prices due to southern demand, while others hover around national averages.
| City | 24K (₹/g) | 22K (₹/g) | 18K (₹/g) |
| Chennai | 18,329 | 16,801 | 13,901 |
| Mumbai | 17,886 | 16,396 | 13,415 |
| Delhi | 17,901 | 16,411 | 13,430 |
| Kolkata | 17,886 | 16,396 | 13,415 |
| Bangalore | 17,886 | 16,396 | 13,415 |
| Hyderabad | 17,886 | 16,396 | 13,415 |
| Kerala | 17,886 | 16,396 | 13,415 |
| Pune | 17,886 | 16,396 | 13,415 |
| Vadodara | 17,891 | 16,401 | 13,420 |
| Ahmedabad | 17,891 | 16,401 | 13,420 |
Silver Prices Today
Silver trades at ₹410.10 per gram nationally, up slightly, with Chennai and Kerala showing premiums from industrial and jewellery demand. Per kg rates make it attractive for bulk investors in Uttar Pradesh and other northern hubs.
| City | Per Gram (₹) | Per Kg (₹) |
| Chennai | 425.10 | 4,25,100 |
| Mumbai | 410.10 | 4,10,100 |
| Delhi | 410.10 | 4,10,100 |
| Kolkata | 410.10 | 4,10,100 |
| Bangalore | 410.10 | 4,10,100 |
| Hyderabad | 425.10 | 4,25,100 |
| Kerala | 425.10 | 4,25,100 |
| Pune | 410.10 | 4,10,100 |
| Vadodara | 410.10 | 4,10,100 |
| Ahmedabad | 410.10 | 4,10,100 |
Copper Prices Today
Copper stands at ₹1,395 per kg today, up 9.16% recently, fuelled by infrastructure pushes under current policies. Gram rates appeal to small-scale traders; note minimal city variations as it’s commodity-traded.
| Unit | Price (₹) |
| Per Gram | 1.395 |
| Per Kg | 1,395 |
Platinum Prices Today
Platinum is at ₹8,050 per gram, rising sharply with global auto and jewellery demand; uniform across cities. Kg rates suit investors eyeing diversification beyond gold.
| City | Per Gram (₹) | Per Kg (₹) |
| Chennai | 8,050 | 80,50,000 |
| Mumbai | 8,050 | 80,50,000 |
| Delhi | 8,050 | 80,50,000 |
| Kolkata | 8,050 | 80,50,000 |
| Bangalore | 8,050 | 80,50,000 |
| Hyderabad | 8,050 | 80,50,000 |
| Kerala | 8,050 | 80,50,000 |
| Pune | 8,050 | 80,50,000 |
| Vadodara | 8,050 | 80,50,000 |
| Ahmedabad | 8,050 | 80,50,000 |
Indian Market Insights
In India, gold and silver prices fluctuate with festivals like upcoming Holi and weddings, plus rupee-dollar dynamics. President Trump’s reelection has stabilized US markets, indirectly boosting precious metals via lower rates. Silver’s 72% January surge outperforms gold, ideal for investors balancing inflation hedges.
Industrial use drives copper and platinum; Uttar Pradesh’s manufacturing boom favours copper for electronics. Always add 3% GST and TCS for actual buys—verify with local jewellers as rates exclude levies.
Investment Tips
Buy gold ETFs for liquidity if physical storage worries you; sovereign gold bonds offer 2.5% interest. Silver suits short-term trades given volatility; track MCX for futures. Diversify with 10-20% in platinum for wedding jewelry trends.
Trends Overview
January saw gold rise 10%, silver 72%, platinum 35%, copper volatile but up. Expect stability unless geopolitical tensions flare; 2026 forecasts predict 5-8% gold growth on domestic demand
