Gold Silver Rate Today, February 20, 2026: City-Wise MCX Trends With Nationwide Price Alignment

The February 20 2026 India market snapshot shows a rebound in gold and a modest recovery in silver. Delhi leads gains across major cities with renewed demand at cheaper levels, supported by safe-haven demand and technical buying. Futures reflect a cautious but positive tone.

Gold and silver prices across Indian markets showed a strong rebound on 20 February 2026, with Delhi leading the move. Gold climbed back from recent lows, while silver extended a fragile recovery from a deep monthly fall, pointing to renewed interest from investors and industrial users at cheaper levels.

In Delhi, 24K gold prices advanced to ₹15,664 per gram, while silver moved to ₹270.10 per gram. The sharp rise in gold and the smaller uptick in silver followed two days of consolidation, signalling that buyers viewed recent declines as an accumulation zone rather than the start of a deeper slide.

Gold Price Today and Silver Price Today: Key Delhi market snapshot

For physical buyers in the national capital, 24K gold now trades at ₹15,664 per gram, up ₹229 from ₹15,435. The 22K rate increased to ₹14,360 per gram from ₹14,150, while 18K gold rose to ₹11,752 per gram from ₹11,580, reflecting broad-based demand across purity segments.

The jump of about 1.5% in 24K gold in a single day wiped out much of the earlier weekly decline. Prices bounced strongly from the recent floor near ₹15,400 per gram, with the move above ₹15,600 indicating that buyers are defending this area as a key support band.

Gold Price Today and Silver Price Today: MCX futures and gold-silver ratio

On futures markets, MCX Gold February 2026 contracts traded sharply higher near ₹1,56,640 per 10 grams, gaining more than ₹2,200 from the previous close. MCX Silver February 2026 futures hovered around ₹2,65,000 per kilogram, echoing the cautious recovery seen in spot prices.

The gold-silver ratio stayed elevated near 90:1, though slightly off the week’s peak. This wide ratio reflects how gold has held value better than silver during recent volatility. Traders often monitor this metric when considering switches between the two metals for tactical positioning.

Gold Price Today and Silver Price Today: City-wise gold trends across India

Beyond Delhi, 24K gold prices in Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala, Pune, and several other centres hovered around ₹15,664 per gram. The 22K rate in these locations stood near ₹14,360 per gram, while 18K gold traded close to ₹11,752 per gram, indicating broad national alignment.

Chennai remained an outlier on gold despite today’s recovery being nationwide. The city’s 24K rate was estimated near ₹15,794 per gram, with 22K at about ₹14,485 and 18K around ₹12,402. The differential reflects Chennai’s typical premium of roughly 0.8–1.2% over other metros due to cultural demand patterns.

*Chennai rates are estimated based on its historical premium pattern.

Gold Price Today and Silver Price Today: Short-term gold trend in Delhi

Recent data shows Delhi gold prices climbing off February lows after an early-month slide. The 24K rate fell from ₹16,073 per gram on 1 February to a low of ₹15,332 on 2 February, then fluctuated between ₹15,435 and ₹15,975 before rebounding to ₹15,664 on 20 February.

Gold Price Today and Silver Price Today: Drivers of gold rebound, outlook

The gold rebound followed a two-day pause near the February low around ₹15,332 per gram. Many investors interpreted this consolidation as confirmation of a stable support zone, prompting strong bargain-hunting. Once spot prices pushed past ₹15,500, technical buying and stop-loss triggers amplified the upward move.

Global factors also supported gold price today. Renewed demand for safe-haven assets amid continuing international uncertainty, combined with a mild slip in the US dollar, encouraged Indian buyers. Gold now sits in the middle of its February trading corridor, with resistance near ₹15,800 and the high at ₹16,073.

Analysts highlight ₹15,500 as the new immediate support, while a sustained break above ₹15,800 would reopen the path towards the February peak. Upcoming macroeconomic data and Federal Reserve commentary are likely to guide whether this is a durable trend or a temporary bounce within a range.

Gold Price Today and Silver Price Today: Silver movement, city rates and monthly data

Across major Indian cities, silver price today showed a uniform structure. Mumbai, Delhi, Kolkata, Bengaluru, Hyderabad, Kerala, Pune, Chennai, and Ahmedabad all recorded ₹2,701 for 10 grams, ₹27,010 for 100 grams, and ₹2,70,100 for 1 kilogram, indicating a national benchmark level.

For Delhi, the last 10 days show how silver moved from a February low back towards ₹2,70,100. After touching ₹2,55,000 per kilogram on 18 February, prices gradually recovered, though the metal is still far below the ₹3,50,000 mark seen on 1 February and January’s peak.

On a monthly scale, silver price today remains far below February’s opening and January’s extremes. From ₹3,50,000 per kilogram on 1 February, silver has dropped to ₹2,70,100, a fall of 22.83%. This comes after a sharp January surge from ₹2,38,000 to ₹3,50,000.

Gold Price Today and Silver Price Today: Reasons for silver bounce, near-term signals

Silver’s current recovery phase began after the fresh low of ₹2,55,000 per kilogram on 18 February. That level appears to have drawn value interest from both retail participants and industrial buyers, especially from electronics and manufacturing sectors that had waited for more favourable input prices.

A broader rise across precious metals, with gold showing stronger leadership, is also supporting silver price today. However, given the scale of the earlier collapse from ₹4,10,000, the latest gains remain modest. Market behaviour suggests that sentiment is improving but still fragile and vulnerable to renewed selling.

The recovery from ₹2,55,000 to around ₹2,70,100 hints that extreme downward pressure may have eased for now. Analysts state that confirmation of a durable bottom would require a higher low plus breaks above resistance near ₹2,75,000 and ₹2,85,000, while warning that bear phases often contain sharp but short-lived rallies.

Gold Price Today and Silver Price Today: Popular online buying platforms in India

Indian investors tracking gold price today and silver price today increasingly use digital platforms for small-ticket purchases. Apps such as Google Pay, PhonePe, Paytm, Jar, and OroPocket allow micro-investments, often in partnership with MMTC-PAMP or SafeGold, and sometimes include extra features like Bitcoin rewards or micro-savings tools.

Large jewellery chains offer online options for those preferring branded metal with offline redemption. Kalyan Jewellers Candere, CaratLane, and Tanishq DigiGold provide access to coins, bars, utensils, or jewellery-ready gold, with some platforms linking digital balances to store networks for pickup or delivery at more than 350 outlets.

For investors focused on financial products, physical bullion players and brokers offer alternatives linked to gold price today and silver price today. MMTC-PAMP markets 999.9 purity bars and coins, while platforms such as Zerodha, Groww, Upstox, Augmont, and Motilal Oswal give access to Gold ETFs, gold mutual funds, sovereign gold bonds, and high-purity silver products.

Overall, 20 February 2026 saw gold stage a clear rebound and silver edge higher, supported by bargain-hunting, safe-haven interest, and technical factors. Prices in Delhi and other major cities reflect a market that is off recent extremes but still shaped by volatility, with upcoming global data likely to guide the next trend.