Staying updated on the gold price today in India is crucial for investors, jewelers, and households alike. As one of the world’s largest consumers of the yellow metal, India’s domestic gold rates are influenced by a mix of international trends and local demand.
As of February 16, 2026, gold prices have shown a marginal decline, entering a period of consolidation after the volatility seen earlier in the month.
Today’s Gold Prices in India (INR)
According to the latest data from Goodreturns, the prices for 22-karat and 24-karat gold per gram are as follows:
| Type of Gold | Price per Gram (Today) | Price per Gram (Yesterday) | Price Change |
| 22-Karat Gold | ₹14,459 | ₹14,460 | – ₹1 |
| 24-Karat Gold | ₹15,774 | ₹15,775 | – ₹1 |
| 18-Karat Gold | ₹11,830 | ₹11,831 | – ₹1 |
Gold Price for Different Units (24K)
- 8 Grams (1 Sovereign): ₹1,26,192
- 10 Grams: ₹1,57,740
- 100 Grams: ₹15,77,400
Gold Rates in Major Indian Cities
Gold prices in India can vary slightly from city to city due to local taxes, transportation costs, and octroi. Here are today’s 24K rates for 1 gram in top metros:
- Mumbai: ₹15,774
- Delhi: ₹15,789
- Chennai: ₹15,883
- Kolkata: ₹15,774
- Bangalore: ₹15,774
Note: Chennai typically maintains a slight premium over other cities due to higher local demand and shipping logistics.
Market Analysis & Trend
The gold market in February 2026 has been a “roller-coaster.” After reaching highs near ₹16,073 (24K) at the start of the month, prices corrected significantly. Currently, the metal is trading in a consolidation range between ₹15,600 and ₹15,900.
Experts suggest that the negligible dip of ₹1 per gram today indicates a “healthy pause.” Investors are currently looking toward international cues, such as US Federal Reserve updates and geopolitical stability, for the next major price catalyst.
Factors Influencing Gold Prices Today
- Global Cues: International gold prices (spot gold) often dictate the baseline for Indian rates.
- Currency Fluctuations: A weaker Rupee against the US Dollar makes gold more expensive to import, driving up domestic prices.
- Import Duties: Changes in government taxes or GST (currently 3%) significantly impact the final retail price.
- Interest Rates: When global central banks raise interest rates, gold prices typically face downward pressure as investors seek interest-bearing assets.
Tips for Gold Buyers
- Check Hallmarking: Always ensure you are buying BIS Hallmarked gold to guarantee purity.
- Making Charges: Be aware that making charges (labor costs) vary by jeweler and can add 5% to 20% to the total cost.
- Compare Rates: Check the Goodreturns Gold Rates page regularly to compare daily fluctuations before making a high-value purchase.