Gold prices rally in India, with 24-carat gold crossing ₹1.60 lakh per 10 grams on global markets due to renewed demand and a relatively softer US dollar, which typically supports bullion prices.
According to recent market data:
- 24K gold (10 g): ~₹1,59,500 – ₹1,61,000
- 22K gold (10 g): ~₹1,46,000 – ₹1,47,000
These figures reflect sustained high levels compared with earlier weeks.
Latest City-Wise Prices (Indicative – Feb 23, 2026)
| City | 24K Gold (₹/10 g) | 22K Gold (₹/10 g) |
|---|---|---|
| Mumbai | ~₹1,59,270 | ~₹1,45,990 |
| Delhi | ~₹1,59,420 | ~₹1,46,140 |
| Chennai | ~₹1,59,320 | ~₹1,46,790 |
| Bengaluru | ~₹1,59,270 | ~₹1,45,990 |
| Source: Latest city data from gold market reports |
Prices can vary slightly between jewellers due to local taxes, making charges, GST, and dealer premiums.
Why Are Gold Prices Rising?
Gold has seen a strong tone in recent sessions due to:
- International demand and safe-haven buying.
- Dollar movements — a softer dollar tends to boost gold in rupee terms.
- Ongoing global economic uncertainty encouraging bullion investments.
Analysts suggest tracking both international spot rates and domestic currency trends before buying, as these drive short-term price moves.
Short-Term Price Trend
Prices dipped slightly earlier in the month but have rebounded strongly, climbing back above major psychological levels. For example:
- Gold rallied back after mid-February corrections.
- Movement remains sensitive to global cues and demand-supply dynamics.
Tips Before You Buy
If you’re considering buying gold soon:
- Check per gram bullion rates vs retail jewellery rates — jewellery costs may include making charges and GST.
- Compare prices across local jewellers.
- Consider timing your purchase if markets look set for further volatility.
Gold remains one of India’s preferred investments and often acts as a hedge during uncertain economic conditions.
