Gold Silver Rate Today, February 28, 2026: City-Wise Price, MCX Gold Slightly Lower, Silver Flat Across India

India's gold price in February 2026 closed with modest gains while silver retreated from January highs. The month showed parity across major cities with slight regional variations, and MCX futures indicated a pause after volatile moves, suggesting a cautious market mood for March.

India ended February 2026 with gold easing slightly and silver flat, signalling calm profit-booking. Gold stayed above the ₹16,000 mark while silver held at ₹2,85,000 per kg. Both metals therefore closed the month far from earlier lows, with gold registering modest gains and silver still showing a steep decline from January peaks.

Spot prices in Delhi on 28 February 2026 showed small changes, but stable sentiment. 24K gold traded at ₹16,172 per gram, 22K at ₹14,825, and 18K at ₹12,133. Silver quoted ₹285 per gram and ₹2,85,000 per kg. These prices excluded GST, TCS and making charges, which varied across jewellers and platforms.

Gold Price Today: MCX futures snapshot

On the derivatives side, MCX contracts reflected the same calm tone. MCX Gold February 2026 futures traded near ₹1,61,720 per 10 grams, about ₹110 lower than the previous close. MCX Silver February 2026 futures hovered around ₹2,79,000 per kg, mirroring the spot consolidation pattern into month-end.

Both MCX gold and silver contracts therefore suggested a pause after recent swings. Gold futures tracked the spot dip, highlighting modest profit-taking. Silver futures stayed close to the ₹2,80,000 region, signalling that traders were digesting February’s steep moves before the March series gained traction.

Gold Price Today: Major Indian city comparison

Across major metros, gold showed largely identical levels, apart from Chennai and Ahmedabad. Mumbai, Delhi, Kolkata, Bengaluru, Hyderabad, Kerala and Pune all quoted 24K at ₹16,172 per gram, 22K at ₹14,825, and 18K at ₹12,133. This alignment underlined a nationwide consolidation band around newly formed February highs.

Chennai remained the key outlier, with a historical premium that narrowed slightly by month-end. Estimated 24K gold there stood at ₹16,302 per gram, 22K at ₹14,950 and 18K at ₹12,783. Ahmedabad rates edged higher than most peers, at ₹16,177 for 24K, ₹14,830 for 22K and ₹12,138 for 18K gold.

*Chennai figures were estimated using its usual 0.8–1.2% premium band versus other metros. Mumbai, Delhi and Kolkata displayed the same spot quotes, while Bengaluru and Hyderabad matched that pattern. Kerala and Pune followed the collective range, supporting the picture of broad nationwide parity in late February.

Gold Price Today and Silver Price Today: Digital and physical gold platforms

For buyers tracking gold price today, digital platforms offered granular access across India. Popular apps such as Google Pay, PhonePe and Paytm allowed small-ticket purchases via MMTC-PAMP partnerships. Micro-savings services like Jar and OroPocket enabled entries from ₹1, with OroPocket also offering Bitcoin rewards alongside digital gold holdings.

Jewellery-led gold platforms continued to bridge investment and ornament demand. Tanishq DigiGold, powered by SafeGold, linked online holdings with more than 350 stores. CaratLane focused on jewellery-ready gold, while Kalyan Jewellers’ Candere platform supplied bars, coins and doorstep delivery. These channels complemented traditional shops with transparent digital interfaces.

Market-facing platforms widened choices beyond physical metal for tracking gold price today. MMTC-PAMP sold 999.9 purity bars and coins, while brokers such as Zerodha, Groww and Upstox offered Gold ETFs, gold mutual funds and Sovereign Gold Bonds. These products tracked gold benchmarks and could suit investors preferring demat-based exposure.

Gold Price Today and Silver Price Today: Silver versus January’s spike

Silver’s February retreat followed an extremely strong January rally. At the start of January 2026, silver opened near ₹2,38,000 per kg. By 29 January, Delhi prices had climbed to an all-time high of ₹4,10,000 per kg, before ending the month at ₹3,50,000 per kg.

Measured from that January high of ₹4,10,000 per kg, silver remained weak by late February. The 28 February level of ₹2,85,000 per kg implied a drawdown of about 30.5%. Against the 1 February peak of ₹3,50,000, the monthly decline stood around 18.57%, despite the rapid rebound from ₹2,55,000.

Silver Price Today: Silver rates across Indian cities

Silver prices on 28 February 2026 were uniform across major Indian centres. Mumbai, Delhi, Kolkata and Bengaluru all quoted ₹2,850 for 10 grams and ₹2,85,000 for 1 kg. Hyderabad, Kerala, Pune and Ahmedabad reported exactly the same figures, reflecting broad nationwide parity in wholesale silver.

Chennai, which usually trades with a silver premium, stood at parity with other metros. Mumbai as a wholesale hub mirrored Delhi’s consolidation, while Kolkata tracked the pan-India pattern. Bengaluru’s rates coincided with steady industrial demand, and Hyderabad, Kerala and Pune also showed no divergence in quoted levels.

Gold Price Today and Silver Price Today: Silver investment platforms

Digital tools for tracking silver and gold price today expanded access to small investors. PhonePe, Google Pay and Paytm provided digital silver linked to MMTC-PAMP or SafeGold. OroPocket allowed silver purchases from ₹1 and offered Bitcoin-linked rewards, mirroring its gold product design for micro-investors.

Jewellery brands added more routes into physical silver alongside gold products. Tanishq, CaratLane and Kalyan Jewellers’ Candere platform sold silver coins, bars and utensils online. Physical bullion providers such as MMTC-PAMP, Augmont and Motilal Oswal focused on 999.9 purity bars and coins, targeting buyers prioritising fineness and hallmarking.

Overall, 28 February 2026 showed gold holding gains and silver consolidating after steep swings. Delhi gold finished the month slightly below recent highs but above early troughs, while silver remained well under January records. Together, the data pointed to a market taking a breather rather than signalling fresh directional momentum.