Gold prices in India have remained relatively stable today, February 23, 2026, following a period of significant volatility. After a sharp rally over the previous weekend driven by geopolitical tensions and global economic shifts, the market appears to be in a consolidation phase.
For investors and buyers, understanding today’s rates across different purities is essential for making informed decisions. Below is the breakdown of the latest gold prices as reported by GoodReturns.
Today’s Gold Prices in India (Per Gram)
As of February 23, 2026, the indicative retail prices for gold across the country are as follows:
| Gold Purity | Price per Gram (Today) | Price per 10 Grams (Today) | Price Change (vs. Yesterday) |
| 24K Gold (Pure) | ₹15,927 | ₹1,59,270 | 📉 -₹1 |
| 22K Gold (Standard) | ₹14,599 | ₹1,45,990 | 📉 -₹1 |
| 18K Gold (Jewelry) | ₹11,945 | ₹1,19,450 | 📉 -₹1 |
Note: These rates are indicative and do not include GST (Goods and Services Tax), TCS, or local making charges. Please check with your local jeweler for the final “on-the-counter” price.
City-Wise Gold Rates (24K & 22K)
Gold prices vary across Indian cities due to local taxes, transportation costs, and demand-supply dynamics. Here are the rates in major metros:
- Mumbai: ₹15,927 (24K) | ₹14,599 (22K)
- Delhi: ₹15,942 (24K) | ₹14,614 (22K)
- Chennai: ₹16,014 (24K) | ₹14,679 (22K)
- Bangalore: ₹15,927 (24K) | ₹14,599 (22K)
- Hyderabad: ₹15,927 (24K) | ₹14,599 (22K)
Market Outlook: Why are Gold Prices Fluctuating?
The yellow metal has recently hovered near the psychological resistance of ₹1.6 lakh per 10 grams. Several factors are currently influencing these record-high levels:
- Geopolitical Tensions: Ongoing instability in the Middle East and evolving US-Iran relations have bolstered gold’s status as a “safe-haven” asset.
- Economic Policy: Markets are reacting to tariff measures and inflation data coming out of the United States, which impact the strength of the US Dollar and, consequently, gold.
- Currency Value: The fluctuations in the USD/INR exchange rate continue to play a crucial role in domestic pricing.
Is it a Good Time to Buy?
While prices are near historic highs, many analysts view the current stability as a “healthy pause” after the massive rally seen last week. Long-term investors often see such consolidation phases as potential entry points, especially with silver also chasing the ₹3 lakh per kg milestone.