India’s Gold Market Shines Again: 24K & 22K Prices Edge Higher, Silver Loses Momentum

• Gold Price Recovery: After two sessions of decline, gold prices rebounded on 15 February. 24K gold rose to ₹15,790 per gram, while 22K gold reached ₹14,460 per gram.
• Silver Slide: In contrast, silver prices dipped marginally to ₹275 per gram, reflecting weaker industrial demand.

• Delhi & Mumbai: Strong bargain-hunting lifted 24K gold rates to nearly ₹15,790 per gram.
• Chennai: Prices showed a premium, reflecting regional demand patterns.
• Bangalore & Hyderabad: Rates aligned closely with national averages, signaling steady consumer interest.

MCX Futures: Gold futures on the Multi Commodity Exchange (MCX) traded near ₹1,57,900 per 10 grams, erasing most of the earlier decline.

Global Cues: International spot gold hovered around USD 4,960 per ounce, supported by safe-haven buying amid global uncertainty.

Investor Sentiment: Jewellery buyers and investors are closely tracking the ₹1.6 lakh per 10 grams psychological threshold, which could determine the next price movement.

• Festive & Wedding Season Demand: Rising gold prices highlight strong consumer demand, especially ahead of weddings and festivals.
• Investment Hedge: Gold continues to serve as a safe-haven asset, attracting investors amid global market volatility.
• Silver Weakness: The dip in silver underscores its reliance on industrial demand, which remains subdued.
• Market Outlook: Analysts suggest that if global uncertainty persists, gold could test higher levels, while silver may remain under pressure.