Gold and Silver Prices Today: February Trends Show Divergence

Precious metals in India displayed contrasting movements on Monday, February 16, 2026. Gold remained firm across major purities, supported by safe-haven demand, while silver continued its steep correction after January’s record highs.

Key Highlights

Gold Prices:

• 24K gold at ₹1,57,740 per 10 grams.
• 22K gold at ₹1,44,590 per 10 grams.
• 18K gold at ₹1,18,300 per 10 grams.
• Monthly Trend: Gold has slipped about 1.77% in February despite recent stability.

Silver Prices:

• Nationwide reference at ₹2,74,900 per kilogram.
• Fell 21.43% in the first half of February after touching ₹4 lakh/kg in January.

City-Wise Variation:

• Chennai posts one of the highest 24K gold rates at ₹1,58,830 per 10 grams.
• Silver in Chennai, Hyderabad, Kerala, and Bhubaneswar quoted at ₹2,799 per 10 grams, while Mumbai, Delhi, and Bengaluru hovered near ₹2,749 per 10 grams.

The divergence highlights gold’s resilience as a safe-haven asset, while silver remains vulnerable to industrial demand cycles and global currency strength.

Sources: Financial Express, OneIndia News, NDTV India.