As of Friday, February 20, 2026, gold prices in India are witnessing a notable rebound, providing a brief pause in what has been a volatile month for the precious metal. Following the Union Budget 2026-27 earlier this month, which triggered a significant price correction, investors are now watching as domestic rates climb back toward the ₹1.56 lakh mark per 10 grams.
Whether you are looking to buy for a wedding or considering gold as a hedge against inflation, here is the comprehensive breakdown of today’s gold rates in India.
Today’s Gold Prices in India (February 20, 2026)
Prices have seen a modest increase of approximately ₹1 to ₹10 per gram across various purities since yesterday, holding firm on safe-haven demand amidst global geopolitical tensions.
Gold Rate per Gram (INR)
| Purity | Today (1g) | Today (10g) | Today (100g) |
| 24 Karat (Pure Gold) | ₹15,650 | ₹1,56,500 | ₹15,65,000 |
| 22 Karat (Standard Gold) | ₹14,346 | ₹1,43,460 | ₹14,34,600 |
| 18 Karat (Jewellery Gold) | ₹11,738 | ₹1,17,380 | ₹11,73,800 |
Note: The above rates are indicative. Actual retail prices may vary based on local jeweler premiums, making charges, and the 3% GST applicable at the time of purchase.
City-Wise Gold Rates: Major Indian Hubs
Gold prices fluctuate between cities due to local taxes, transportation costs, and varying demand from local bullion associations.
| City | 22K Gold (10g) | 24K Gold (10g) |
| Chennai | ₹1,45,010 | ₹1,58,190 |
| Mumbai | ₹1,43,460 | ₹1,56,500 |
| Delhi | ₹1,43,610 | ₹1,56,650 |
| Kolkata | ₹1,43,460 | ₹1,56,500 |
| Bangalore | ₹1,43,460 | ₹1,56,500 |
| Hyderabad | ₹1,43,460 | ₹1,56,500 |
Market Trend: Why is Gold Volatile in 2026?
The year 2026 has been a roller-coaster for the “yellow metal.” After reaching a historic peak of over ₹1.80 lakh per 10 grams in late January, the market saw a sharp correction of nearly 15% following the February Union Budget.
Several key factors are currently influencing the price movement:
- Geopolitical Tensions: Ongoing uncertainty in the Middle East and evolving trade relations between the US and major economies like Russia and China have kept gold’s “safe-haven” appeal alive.
- US Federal Reserve Outlook: Market participants are closely monitoring the US PCE (Personal Consumption Expenditures) data. Strong labor market data has tempered expectations for aggressive interest rate cuts, often a headwind for non-yielding assets like gold.
- Currency Strength: The USD/INR exchange rate remains a critical driver. As India imports the bulk of its gold, a weaker Rupee makes domestic gold more expensive.
Investment Insight: Is Now a Good Time to Buy?
Experts suggest that for long-term investors, the current “dip” from January’s record highs represents a constructive entry point. While the market is currently in a “dead-cat bounce” or relief rally phase, the underlying structural demand from central banks remains a strong floor for prices.
If you are planning a purchase, consider staggered accumulation—buying in smaller quantities over time—to average out the cost during this period of high volatility.