Gold Rate In India Today Pauses Freefall; Silver Price Nosedives By 40000 Just In 5 Days Check Feb 18 Rates

Gold rates in India today stood largely unchanged compared to yesterday, as the retail market was stable after the two consecutive sharp declines over the past two days, where the 24 karat gold fell by Rs. 32,500 per 100g. The recent fall in gold prices has brought big relief to buyers who had been waiting for this correction before making purchases.

The main reason behind the drop in India's gold rates is the overnight movement in global precious metal prices, particularly in the United States. Spot gold slipped nearly 3% toward the $4,900-per-ounce level, while spot silver tumbled around 5.5% before closing. A slight recovery was visible on Wednesday, but market sentiment remains cautious. Investors are now looking forward to the upcoming Federal Reserve remarks, the release of FOMC minutes, and key US inflation data later this week for further direction on gold and silver prices.

Gold Rate in India Today

On Wednesday, Feb 18, the 24-carat gold prices in India stood at Rs. 1,54,200 per 10 grams with no major changes. While the 22-carat gold price in India today cost Rs. 1,41,350 per 10 grams. Similarly, the smaller 18-carat gold now retails at Rs. 1,15,650 per 10 grams.
And just like that, 100 grams of 24-carat gold are now priced at Rs 15,42,000 and the 22-carat gold rates per 100 grams now cost Rs 11,56,500.

Silver prices in India today Crashed

Silver rates in India today fell for the 5th day consecutively, so 1 kg of white metal costs Rs. 2,55,000 after a drop of Rs. 5000. While 100 g of silver retails in India for Rs. 25,500 after slipping by Rs. 500.

MCX Gold and Silver Prices

This morning, gold futures prices on the MCX, which will mature on April 4th, are trading at Rs. 1,53,420 per 10 grams, after gaining by 1.32%. Similarly, silver futures prices maturing on March 5th gained 3.59% to Rs. 2,37,002 at the time of writing.

Spot Gold Price and Spot Silver Rate

According to Trading Economics, "Spot Gold rose to around $4,900 per ounce on Wednesday, recouping some losses from a two-day decline, likely due to dip buying as markets reassessed the Federal Reserve's monetary policy direction.Investors are now watching further Fed remarks, FOMC minutes, and key GDP and PCE data due later this week for more guidance. Meanwhile, short-term demand for precious metals eased as China's Lunar New Year holiday began, with lower liquidity expected while Chinese investors are off for most of the week. Geopolitical developments also weighed on the safe-haven metal, as reports highlighted progress in US-Iran talks and ongoing negotiations between Russia and Ukraine."

Gold Rates in India City-Wise for 22-Carat & 24-Carat Yellow Metal

Today's gold prices across major cities in India for both 22K and 24K gold are stable. Here are the latest rates:

Gold Price in Chennai

Despite the stability in gold prices in most of the cities in India, the gold rates in Chennai observed a drop for the third consecutive day. The current 24-carat gold price in Chennai fell by Rs. 980 and is currently at Rs. 1,55,240 per 10 grams, while the 22-carat gold price in Chennai fell by Rs. 900 and is now retailing at Rs. 1,42,300 per 10 grams.

Gold Price in Bangalore

As of today, the 22-carat gold rate in Bangalore stands at Rs. 1,41,350 per 10 grams, whereas the 24-carat gold rate in Bangalore is Rs. 1,54,200 per 10 grams.

Gold Price in Hyderabad

The 22K gold price in Hyderabad is Rs. 1,41,350 per 10 grams, while the 24K gold price in Hyderabad is Rs. 1,54,200 per 10 grams.

Gold Price in Mumbai

The 22-carat gold in Mumbai is Rs. 1,41,350 per 10 grams, whereas the 24-carat gold price in Mumbai stands at Rs. 1,54,200 per 10 grams.

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