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Mumbai: Gold prices saw a sharp increase of ₹300 on Tuesday morning, February 18, as demand for the precious metal surged.
- 22-carat gold was trading at ₹79,700 per 10 grams.
- 24-carat gold was priced at ₹86,950 per 10 grams in Mumbai.
Meanwhile, silver prices remained flat at ₹1,00,500 per kg across major Indian cities.
Gold & Silver Rates on MCX iCOMDEX Index
- Gold: ₹85,350 per 10 grams (+0.35%)
- Silver: ₹95,739 per kg (+0.17%)
The increase in gold prices reflects global market trends, with investors seeking safe-haven assets amid economic uncertainties.
Gold Prices Across Major Indian Cities (February 18, 2025)
| City | 22K Gold (₹ per 10gm) | 24K Gold (₹ per 10gm) |
|---|---|---|
| Delhi | ₹79,850 | ₹87,100 |
| Mumbai | ₹79,700 | ₹87,950 |
| Ahmedabad | ₹79,750 | ₹87,000 |
| Hyderabad | ₹79,700 | ₹86,950 |
| Jaipur | ₹79,850 | ₹87,100 |
| Patna | ₹79,750 | ₹87,000 |
| Chennai | ₹79,700 | ₹86,950 |
| Kolkata | ₹79,700 | ₹86,950 |
Silver Price Today in India
- Silver price per kg: ₹1,00,500
- Silver price remained unchanged across major cities in the spot market.
What Drives Gold Prices in India?
Several factors influence gold rates in India, including:
Global Market Trends – International prices dictate domestic rates.
Import Duties & Taxes – India is a major gold importer, and government duties impact costs.
Exchange Rate Fluctuations – A weaker rupee increases gold prices.
Investor Demand – Gold is seen as a safe-haven asset in uncertain times.
Gold remains deeply rooted in Indian culture, especially during weddings and festivals, making it a popular investment option.
With market conditions constantly evolving, staying updated on gold prices is crucial for investors and traders looking to make informed decisions.
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