Gold Silver Rate Today, February 24, 2026: City-Wise Prices Jump With MCX Gold Driving Market Sentiment

Indian gold and silver prices rose sharply on 24 February 2026, with Delhi spot crossing ₹16,000 per gram and silver near ₹3,00,000 per kilogram. The rally spans MCX futures and spot markets, driven by wedding-season demand, retail buying, and improving sentiment across major metros.

Gold and silver prices in India jump sharply on 24 February 2026, with Delhi spot and MCX contracts both extending strong rallies. Gold crosses a key psychological zone above ₹16,000 per gram, while silver regains the ₹3.00 lakh per kg mark, signalling renewed buying interest from retail investors, traders, and jewellery buyers during the ongoing wedding season.

In Delhi, 24K gold climbs to ₹16,150 per gram, moving past the earlier February peak of ₹16,073 and setting a new monthly high. The move confirms a firm uptrend that started from the mid-February low of ₹15,435, adding more than ₹700 per gram within five sessions and pointing to a clear shift in market sentiment.

Gold Price Today and Silver Price Today on MCX and spot markets

On the derivatives side, MCX Gold Futures for February 2026 trade close to ₹1,61,500 per 10 grams, which is more than ₹2,000 above the previous settlement. MCX Silver Futures for February 2026 also rise in tandem, quoted near ₹2,93,000 per kg, reflecting the powerful catch-up move after earlier underperformance against gold.

Delhi spot prices show 24K gold at ₹16,150 per gram, up ₹207 from ₹15,943 the previous session. Over one day, that jump of ₹207 per gram is a rise of more than 1.3 percent. The prices quoted exclude making charges, GST, and TCS, which vary across jewellers and purchase formats.

Gold Price Today and Silver Price Today: multi-carat gold trend

For 18K gold in Delhi, prices move in line with higher purities, underscoring consistent demand from value-focused buyers. The rate reaches ₹12,116 per gram, an increase of ₹155 from ₹11,961, with the full slab-wise comparison captured in the following table for quick reference by small-ticket investors.

Across major Indian cities, gold prices stay broadly aligned, with Chennai continuing to trade at a slight premium. Mumbai, Delhi, Kolkata, Bengaluru, Hyderabad, Kerala, Pune, and Ahmedabad see the same spot levels for 24K, 22K, and 18K gold, signalling a pan-India rally driven by both investment and jewellery buying.

Gold Price Today and Silver Price Today across Indian metros

City-wise 24K, 22K, and 18K gold rates show almost uniform pricing, apart from Chennai and Ahmedabad. Chennai maintains an estimated premium of around 0.8–1.2 percent over other metros, in line with its usual pattern, while Ahmedabad shows a small difference of ₹5 per gram across purities compared with Delhi and Mumbai.

*Chennai rates are estimates based on the city’s historical premium band over other metros. Mumbai shows continued aggressive purchasing as gold touches new levels, while Delhi’s sustained offtake pushes prices to a fresh February high. Kolkata and Bengaluru also reflect the same strength, with digital gold transactions picking up.

Gold Price Today and Silver Price Today: February gold trend and technical view

Analysing February’s gold movement in Delhi, 24K prices started at ₹16,073 on 1 February, slipped to a low of ₹15,332 on 2 February, and later recovered. By 24 February, 24K stands at ₹16,150, with both 22K and 24K registering a 0.48 percent rise from the month’s opening level.

From a chart perspective, the defence of the ₹15,300–₹15,400 band twice in February created a double-bottom structure. The firm breakout above ₹16,073 confirms this bullish formation, with moving averages turning supportive and momentum indicators flashing positive signals as volumes expand during the five-day surge.

Gold Price Today and Silver Price Today: drivers of the gold rally

The latest gold advance is driven by several overlapping factors. A clear technical breakout above the earlier February ceiling encouraged aggressive entries by momentum traders and algorithmic systems. At the same time, a weaker US dollar index reduces pressure on dollar-priced commodities, helping rupee gold move higher even without extreme moves in global spot prices.

Investor behaviour also plays a role. As spot prices broke past the previous high, fear of missing out triggered additional buying from both retail and institutional participants. Physical demand stays firm due to the wedding season, while market positioning points to a strong resumption of the broader bull phase rather than short-term speculative noise.

Gold Price Today and Silver Price Today: upside targets and support zones

With the February barrier cleared, analysts now monitor fresh upside levels. The next key psychological resistance sits at ₹16,500 per gram for spot 24K, while the larger focus shifts to the January all-time high around ₹17,900 per gram. Near-term support is now seen at the former resistance of ₹16,073 per gram.

The five-session climb, worth more than ₹700 per gram, comes with rising traded volumes, which suggests conviction behind the move. Moving averages are stacked in favour of buyers, and technical indicators remain in positive territory, pointing to sustained bullish bias as long as prices hold above new support zones.

Gold Price Today and Silver Price Today: silver’s monthly and recent trend

Despite the strong rebound, silver still trades below earlier peaks. From the 1 February top of ₹3.50 lakh per kg, the net monthly change now works out to a fall of 14.29 percent. Compared with the January all-time high near ₹4.10 lakh per kg, prices remain lower by almost 27 percent, though the gap has narrowed significantly after the recent rally.

Gold Price Today and Silver Price Today: February and January silver movement

Key monthly benchmarks underline how volatile silver has been in early 2026. In February, the opening rate was ₹3,50,000 per kg, the same as the month’s highest point, while the low came at ₹2,55,000 per kg on 18 February. The 24 February close at ₹3,00,000 per kg leaves February showing a negative monthly change of 14.29 percent.

January showed a different pattern, with silver rising strongly. The month opened at ₹2,38,000 per kg and closed at ₹3,50,000 per kg. The highest point was ₹4,10,000 per kg on 29 January, while the lowest matched the opening rate, resulting in a 47.06 percent monthly increase and a sharply rising profile.

Gold Price Today and Silver Price Today across Indian cities

Spot silver prices across major metros align closely on 24 February 2026. Mumbai, Delhi, Kolkata, Bengaluru, Hyderabad, Kerala, Pune, Ahmedabad, and Chennai all show similar rates, with 10 grams at ₹3,000, 100 grams at ₹30,000, and 1 kg at ₹3,00,000, reflecting a broad-based national move.

Mumbai’s wholesale market records strong restocking as sentiment turns positive. Delhi mirrors this enthusiasm with a ₹25 per gram rise. Kolkata participates in the pan-India rally, while Bengaluru sees improving industrial interest. Chennai trades in line with the national average, unlike gold where it typically has a visible premium.

Gold Price Today and Silver Price Today: where investors are buying online

Digital platforms continue to channel a significant share of gold demand. Investors use apps such as Google Pay, PhonePe, Paytm, Jar, and OroPocket to accumulate small quantities of digital gold, often linked with MMTC-PAMP or SafeGold, enabling micro-savings and low-ticket participation, including options with Bitcoin rewards on some services.

Jewellery brands have expanded online offerings through products like Tanishq DigiGold, CaratLane’s jewellery-ready gold, and Kalyan Jewellers Candere’s coins and bars with home delivery. For those preferring market-linked exposure, platforms including MMTC-PAMP, Zerodha, Groww, and Upstox provide routes into Gold ETFs, gold mutual funds, and Sovereign Gold Bonds.

Gold Price Today and Silver Price Today: online silver buying channels

Silver investors are also turning to digital and organised platforms. Apps such as PhonePe, Google Pay, Paytm, and OroPocket support small-ticket silver purchases through partners like MMTC-PAMP and SafeGold. At the same time, jewellery-focused portals from Tanishq, CaratLane, and Kalyan Jewellers Candere offer silver coins, bars, and utensils aimed at both gifting and investment.

Physical bullion platforms add further depth. MMTC-PAMP sells 999.9 purity silver bars and coins, while players like Augmont and Motilal Oswal provide access to silver bullion and related products. These channels give investors multiple options to participate in silver’s moves alongside developments in the gold market.

Gold Price Today and Silver Price Today: reasons behind silver’s catch-up rally

Silver’s surge follows a period where it lagged gold despite January’s strong rise. Gold’s clear breakout above ₹16,000 and to new February highs appears to have acted as the trigger for renewed silver interest, with the gold-silver ratio having moved to levels that often precede sharp silver adjustments.

Market dynamics show a blend of FOMO buying, short covering, and technical triggers. Investors who missed gold’s move rotated into silver, while traders with short positions were forced to exit as prices broke above ₹2.80 lakh and then ₹2.90 lakh per kg, levels that activated algorithmic buying and reinforced the broader precious metals uptrend.

Overall, both gold and silver in India are in firm uptrends on 24 February 2026, with Delhi spot and MCX contracts confirming the strength. Gold trades near new monthly highs with defined support at ₹16,073 per gram, while silver posts a powerful recovery towards ₹3,00,000 per kg, narrowing earlier losses from its recent peaks.