Gold Rate in India Declines Straightly for Second Day on 17 Feb; Silver Prices Fall by Rs 35,000/Kg in 5 Days

Gold prices in India continued their downward trend for the second straight day on February 17, 2026, with rates witnessing a notable decline across purity categories. As per the latest data at the time of writing, the price of 24 Karat (24K) gold fell to Rs 15,491 per gram, down by Rs 153 compared to the previous session. Meanwhile, 22 Karat (22K) gold slipped to Rs 14,200 per gram, registering a decline of Rs 140.

Fall in Gold Prices Continue: Know Reason Behind It

Over the past two sessions, gold prices have recorded a cumulative decline of Rs 28,400 per 100 gram of 24K in the domestic market.

In the international market, gold prices also remained under pressure. The precious metal dropped below $4,960 per ounce on Tuesday, marking its second consecutive session of losses. The decline came amid thin trading volumes due to public holidays in key global markets. Markets in China and several Asian countries remained closed for the Lunar New Year celebrations, while US markets were shut on Monday, limiting broader participation.

Gold Rate Today: Latest 22K, 24K & 18K Gold Prices on 17 February 2026

24 Karat Gold Rate Today in India

The price of 24 Karat gold stood at Rs 15,491 per gram, down by Rs 153 from Rs 15,644 recorded yesterday. For larger quantities, 8 grams of 24K gold cost Rs 1,23,928 compared to Rs 1,25,152 earlier, reflecting a drop of Rs 1,224. The rate for 10 grams fell by Rs 1,530 to Rs 1,54,910 from Rs 1,56,440. Meanwhile, 100 grams of 24K gold declined by Rs 15,300 to Rs 15,49,100.

22 Karat Gold Rate Today in India

Similarly, 22 Karat gold prices also witnessed a decline on Tuesday. The rate for 1 gram of 22K slipped by Rs 140 to Rs 14,200 from Rs 14,340. The price of 8 grams eased by Rs 1,120 to Rs 1,13,600, while 10 grams dropped by Rs 1,400 to Rs 1,42,000. For 100 grams, 22K gold was priced at Rs 14,20,000, marking a fall of Rs 14,000 compared to the previous session.

18 Karat Gold Rate Today in India

In the lower purity segment, 18 Karat (18K) gold also registered losses. The price per gram stood at Rs 11,618, down by Rs 115 from Rs 11,733. The rate for 8 grams declined by Rs 920 to Rs 92,944. Ten grams of 18K gold fell by Rs 1,150 to Rs 1,16,180, while 100 grams dropped by Rs 11,500 to Rs 11,61,800.

Silver Rate Today in India: Check Latest Silver Prices Per Kg or Grams on 17 February 2026

The price of silver today stood at Rs 260 per gram, down by Rs 8 from Rs 268 recorded yesterday. For bulk quantities, 8 grams of silver are priced at Rs 2,080, reflecting a fall of Rs 64 compared to the previous session. The rate for 10 grams of silver declined by Rs 80 to Rs 2,600 from Rs 2,680.

The price of 100 grams of silver dropped by Rs 800 to Rs 26,000, while 1 kilogram (1,000 grams) fell sharply by Rs 8,000 to Rs 2,60,000 from Rs 2,68,000 on Tuesday.

With today's decline, silver has now fallen continuously for the past four trading sessions. Over this period, the metal has recorded a cumulative drop of Rs 35,000 per kilogram in the domestic market, reflecting sustained weakness in prices.

"After the recent correction in silver prices, reaching new record highs this year is certainly possible, but I think unlikely unless there is a strong convergence of factors to create the right environment. Silver tends to lag gold in early stages of precious-metal rallies and then outperform in later, more speculative phases which is something we have already seen," said Ross Maxwell, Global Strategy Operations Lead, VT Markets.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.

Credit: Goodreturns