Gold prices in India continued to rise over the past week, with 24‑carat gold increasing by ₹1,530 per 10 grams and 22‑carat gold gaining ₹1,400. Prices have been supported by global developments and domestic demand.
As of February 22, the rate in Delhi stood at ₹159,430 per 10 grams for 24‑carat gold and ₹146,150 for 22‑carat gold. In Mumbai, the 24‑carat price was ₹159,280 per 10 grams. In international markets, spot gold was quoted at $5,027.13 per ounce.
In Delhi’s bullion market, gold had risen ₹850 on Friday to reach ₹159,500 per 10 grams.
Across Mumbai, Chennai, and Kolkata, 24‑carat gold was priced at ₹159,280 per 10 grams and 22‑carat gold at ₹146,000. Prices were at comparable levels across these cities, although final jewellery costs vary due to local taxes and making charges.
In Ahmedabad, 24‑carat gold was recorded at ₹159,330 per 10 grams and 22‑carat gold at ₹146,050. Pune and Bengaluru quoted ₹159,280 for 24‑carat gold and ₹146,000 for 22‑carat gold. Rates in Jaipur, Lucknow, Chandigarh, and Bhopal were at similar levels.
Global uncertainty has supported prices, with rising tensions between the United States and Iran prompting investors to move toward gold as a safe asset. Market volatility has also increased following the failure of new talks between Russia and Ukraine. Movements in the dollar index and interest rates continue to influence gold price direction. Further increases in domestic prices are possible if global trends remain elevated.
Silver prices showed limited weekly movement. As of the morning of February 22, silver was priced at ₹275,000 per kilogram. In international markets, spot silver was quoted at $80.5 per ounce. In Delhi’s bullion market on Friday, silver was priced at ₹264,000 per kilogram. Silver had crossed ₹400,000 per kilogram in January, after which prices have fluctuated.
