Gold Prices Spike Across India on February 21

India’s bullion market witnessed a sharp rise in gold prices on Saturday, February 21, 2026. According to the India Bullion and Jewellers Association (IBJA), rates firmed across categories, reflecting global cues and domestic demand. Analysts point to heightened safe-haven buying, currency volatility, and seasonal wedding demand as key drivers of the surge.  

Key Highlights

• 24K Gold: ₹157,380 per 10 grams in Mumbai, Kolkata, Bangalore, Hyderabad, and Thiruvananthapuram.  
• 22K Gold: ₹144,260 per 10 grams across major metros.  
• 18K Gold: ₹118,040 per 10 grams in most regions.  

City Variations:  

• Delhi: 24K at ₹157,530, 22K at ₹144,410, 18K at ₹118,190.  
• Chennai: 24K at ₹157,300, 22K at ₹144,190, 18K at ₹123,490.  
• Hyderabad: 24K at ₹156,500, 22K at ₹143,500, 18K at ₹117,000.  

Drivers of Price Rise:  

• Global safe-haven demand amid economic uncertainty.  
• Currency fluctuations influencing domestic bullion markets.  
• Seasonal wedding demand boosting retail jewellery purchases.  

The upward trend has intensified investor interest, while jewellery buyers are closely tracking rates to plan purchases. Market experts caution that volatility may persist as global cues remain mixed, making gold a focal point for both investors and consumers.  

Sources: India Bullion and Jewellers Association (IBJA), Times Now, OneIndia News