Gold Price Today: Gold rate increased, silver down
Gold Price Today: The gold market is witnessing an unprecedented surge, with prices in India hitting historic highs as of February 24, 2026. The data you provided highlights a significant shift in the precious metals landscape, driven largely by global economic factors.
Domestic Gold Rates (Feb 24, 2026):
The surge for the second consecutive day has pushed gold to levels never seen before in the Indian market:
24-Carat Gold (99.9% Pure): Rs 16,178 per gram (Rs 1,61,780 per 10 grams).
22-Carat Gold (Jewelry): Rs 14,830 per gram (Rs 1,48,300 per 10 grams).
18-Carat Gold: Rs 12,134 per gram (Rs 1,21,340 per 10 grams).
While gold skyrocketed, silver experienced a sharp correction today. After reaching massive peaks recently, the price of 1 kg of silver dropped by Rs 15,000, bringing the rate down to approximately Rs 2,85,000 per kg (or Rs 285 per gram) in major cities like Bangalore and Mumbai.
Primary reasons for surge gold rate:
Safe-Haven Demand: Investors are moving their money into gold due to global uncertainty. Even with a steady US dollar and stable bond yields, gold is being preferred as a “shield” against market volatility.
Global Benchmark: International gold prices have crossed the psychological barrier of $5,210 per ounce, marking a multi-week high.
2% Surge: The global market saw a jump of over 2% in a single session, which immediately reflected in the Indian MCX (Multi Commodity Exchange) rates.
City-wise 22K Gold Prices (per gram):
Bangalore/Mumbai/Kolkata: Rs 14,830
Chennai: Rs 14,890 (Slightly higher due to local demand/taxes)
Delhi/Jaipur/Lucknow: Rs 14,845
For those looking to buy jewelry, these rates are exceptionally high. When you add 3% GST and Making Charges (which usually range from 8% to 20%), the effective price of 10 grams of 22K gold jewelry in India is now crossing the Rs 1.65 lakh to Rs 1.70 lakh mark.
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