Gold Rate Today In India: Precious metal prices extended their decline for the second consecutive day on February 17, with both gold and silver witnessing a dip across major cities. After remaining stable briefly, bullion markets have turned softer, reflecting global cues and cautious investor sentiment.

According to the latest market data, 24-carat and 22-carat gold prices have fallen in key cities, while silver has also weakened further. In the national capital, 24-carat gold has declined by ₹1,320 per 10 grams over the past two sessions, and 22-carat gold has dropped by ₹1,210 during the same period. On Tuesday alone, both categories slipped by ₹10 per 10 grams. Silver has also registered a sharp correction, losing ₹7,100 per kilogram over two days.

Gold Prices in Major Cities (Per 10 Grams)

Here are the latest retail rates of 18K, 22K, and 24K gold across ten major cities:

• Delhi:
  24K – ₹1,56,580 | 22K – ₹1,43,540 | 18K – ₹1,17,470




• Mumbai:
  24K – ₹1,56,430 | 22K – ₹1,43,390 | 18K – ₹1,17,320




• Kolkata:
  24K – ₹1,56,430 | 22K – ₹1,43,390 | 18K – ₹1,17,320




• Chennai:
  24K – ₹1,57,520 | 22K – ₹1,44,390 | 18K – ₹1,23,490




• Bengaluru:
  24K – ₹1,56,430 | 22K – ₹1,43,390 | 18K – ₹1,17,320




• Hyderabad:
  24K – ₹1,56,430 | 22K – ₹1,43,390 | 18K – ₹1,17,320




• Lucknow:
  24K – ₹1,56,580 | 22K – ₹1,43,540 | 18K – ₹1,17,470




• Patna:
  24K – ₹1,56,480 | 22K – ₹1,43,440 | 18K – ₹1,17,370




• Jaipur:
  24K – ₹1,56,580 | 22K – ₹1,43,540 | 18K – ₹1,17,470




• Ahmedabad:
  24K – ₹1,56,480 | 22K – ₹1,43,440 | 18K – ₹1,17,370

Silver Prices in Key Metros

Silver prices have also remained under pressure. In Delhi, silver is trading at ₹2,67,900 per kilogram after falling ₹100 today. Mumbai and Kolkata are quoting similar rates. Meanwhile, Chennai is witnessing slightly lower prices at ₹2,64,900 per kilogram, making it the most affordable among the four major metropolitan markets.

What Is Driving the Decline?

Market analysts suggest that profit-booking at higher levels is one of the primary reasons behind the recent correction in bullion prices. Investors are also closely tracking economic indicators from the United States, including Personal Consumption Expenditure (PCE) inflation data and updates from the Federal Open Market Committee (FOMC).

Global economic signals, especially related to inflation and interest rate expectations, heavily influence gold and silver trends. A stronger dollar or expectations of tighter monetary policy often reduce the appeal of non-yielding assets like gold. According to commodity research experts, bullion may continue to witness consolidation in the near term as traders await fresh macroeconomic triggers.

Market participants remain divided on the short-term direction of prices. While some believe safe-haven demand could support gold, others expect volatility depending on global economic releases and commentary from central bank officials.

Should Investors Take Action?

Financial experts advise investors to avoid making impulsive decisions based solely on short-term price movements. Long-term investors may consider staggered buying strategies instead of lump-sum investments. As always, it is advisable to consult certified financial advisors before making investment decisions in gold or silver.

Disclaimer: Investment views and market opinions mentioned above are based on analyst insights. Investors should seek professional financial advice before making any investment decisions.