Hyderabad Gold Silver Rate Today, February 21, 2026: MCX Trends Drive Strong Retail Gold, Silver Prices

Gold and silver prices in Hyderabad remained firm on Saturday after a strong finish in the bullion market a day earlier. Even though the commodity market is closed over the weekend, retail jewellery rates continued to reflect Friday's upward momentum, supported by festive buying during Ramzan and ongoing wedding-season demand. Traders reported steady enquiries from buyers, keeping local market prices elevated.

Gold prices hold near record levels

In the previous trading session on the Multi Commodity Exchange (MCX), gold settled around ₹1,55,396 per 10 grams, while retail bullion rates moved higher. The price of 24-carat gold stood near ₹1,56,650 per 10 grams in the physical market.

Latest Hyderabad retail gold prices:

• 24-carat gold: ₹15,738 per gram
• 22-carat gold: ₹14,426 per gram
• 18-carat gold: ₹11,804 per gram

Jewellers said demand has picked up due to weddings and religious occasions, which typically increase jewellery purchases. Continued bullion buying globally has also helped prices remain strong locally.

Silver remains elevated

Silver also stayed on the higher side following Friday's surge in futures trading. The metal had jumped nearly 9% on MCX to about ₹2,43,559 per kg, and retail rates remained significantly higher.

Hyderabad silver rates today:

• Silver (1 gram): ₹269.90
• Silver (1 kg): ₹2,69,900

Unlike gold, silver is influenced by both investment interest and industrial usage, which often leads to sharper movements in its price.

What is driving the rise

Multiple international factors are supporting the bullish trend in precious metals:

• Increased safe-haven buying amid geopolitical tensions
• A weaker U.S. dollar
• Expectations of lower global interest rates

Gold is considered a reliable store of value during uncertain economic conditions, while silver benefits from industrial demand in addition to investment buying.

Outlook for buyers

With Ramzan underway and the wedding season approaching, demand in Hyderabad's jewellery market is expected to remain steady. However, analysts warn that prices may stay volatile because global developments are currently influencing the bullion market more than local factors.

Buyers planning jewellery purchases are advised to monitor daily rates and consider phased buying rather than making large purchases at once, especially when prices are trading near peak levels.