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Gold prices in India remained firm on 19 February 2026, with 24K retail rates trading between ₹61,000 and ₹62,500 per 10 grams across major cities. MCX gold futures reflected intraday volatility amid global safe-haven demand and currency movement. INR fluctuations and international spot strength continue to influence domestic pricing. Investors are closely tracking Federal Reserve signals, ETF flows, and macroeconomic trends for short-term direction.
Synopsis (70 words): Gold prices in India remained firm on 19 February 2026 amid strong global momentum and currency fluctuations. International spot prices hovered near record levels, while domestic futures on MCX reflected volatility around key resistance zones. Retail 24K gold rates in major cities traded near ₹61,000–₹62,500 per 10 grams. Investors are closely monitoring USD-INR movement, Federal Reserve signals, and ETF flows for short-term direction.
| Indicator | Latest Trend | Market Impact |
|---|---|---|
| International Spot Gold | Elevated | Supports domestic prices |
| MCX Gold Futures | Volatile but firm | Active trader participation |
| INR vs USD | Mild weakness | Boosts INR-denominated gold |
| ETF Flows | Strong | Structural support |
| Retail Demand | Stable | Festival & wedding season demand |
Gold price today in India continues to reflect both global safe-haven demand and domestic currency movement.
Gold futures on MCX serve as the benchmark for price discovery in India. However, physical gold rates include additional components.
| Component | MCX Futures | Retail Physical Gold |
|---|---|---|
| Pricing Basis | Futures contract | Spot + Premium |
| GST Included | No | Yes |
| Dealer Margin | No | Yes |
| Making Charges | No | Yes |
| Liquidity | Very High | Moderate |
Retail prices often trade slightly higher than MCX due to local premiums, taxes, and inventory costs.
| City | 24K Gold Price | 22K Gold Price |
|---|---|---|
| Mumbai | ₹62,300 | ₹56,900 |
| Delhi | ₹62,100 | ₹56,700 |
| Bengaluru | ₹61,900 | ₹56,500 |
| Chennai | ₹61,800 | ₹56,400 |
| Hyderabad | ₹61,850 | ₹56,425 |
| Kolkata | ₹61,700 | ₹56,300 |
| Ahmedabad | ₹61,650 | ₹56,275 |
| Pune | ₹61,900 | ₹56,500 |
| Jaipur | ₹61,550 | ₹56,150 |
| Lucknow | ₹61,400 | ₹56,050 |
City-wise gold prices remain broadly aligned due to centralized bullion benchmarks, though small variations occur.
Gold prices across states remain consistent with minor dealer-level differences.
| State | 24K Gold (₹/10g) |
|---|---|
| Maharashtra | ₹62,300 |
| Gujarat | ₹61,650 |
| Karnataka | ₹61,900 |
| Tamil Nadu | ₹61,800 |
| Telangana | ₹61,850 |
| West Bengal | ₹61,700 |
| Uttar Pradesh | ₹61,400 |
| Rajasthan | ₹61,550 |
| Kerala | ₹61,750 |
| Punjab | ₹61,600 |
| Madhya Pradesh | ₹61,500 |
| Bihar | ₹61,450 |
Gold price today in India is highly sensitive to currency fluctuations. Even small INR depreciation can push domestic gold rates higher.
| Metric | Gold |
|---|---|
| Inflation Hedge | Strong |
| Liquidity | Very High |
| Volatility | Moderate |
| Correlation to USD | Strong |
| Portfolio Diversifier | Yes |
Gold acts as:
| Asset | Risk Level | Volatility | Long-Term Stability |
|---|---|---|---|
| Gold | Moderate | Medium | High |
| Silver | High | High | Medium |
| Equity | High | High | High |
| Fixed Deposits | Low | Low | Stable |
Gold remains a balanced asset between safety and growth protection.
| Zone | Importance |
|---|---|
| Support | ₹60,000 per 10g |
| Strong Support | ₹58,500 |
| Resistance | ₹63,000 |
| Breakout Zone | ₹65,000+ |
Momentum remains positive as long as gold trades above major support zones.
| Instrument | Suitable For | Risk |
|---|---|---|
| Physical Gold | Long-term holding | Low–Moderate |
| Gold ETFs | Portfolio allocation | Moderate |
| Gold Futures (MCX) | Active traders | High |
| Sovereign Gold Bonds | Long-term investors | Low |
Each investment avenue offers different liquidity and risk profiles.
What is gold price today in India? Gold price today in India is trading around ₹61,000–₹62,500 per 10 grams for 24K gold across major cities.
What is the MCX gold price today? Live MCX gold futures prices can be tracked on the official MCX platform.
Why is gold price rising in 2026? Gold is supported by global uncertainty, ETF demand, inflation concerns, and currency fluctuations.
Is it a good time to buy gold in India? Gold can act as a hedge, but investment decisions should align with individual financial goals and risk tolerance.
How does INR affect gold price in India? A weaker INR increases domestic gold prices because gold is globally priced in US dollars.
Gold prices in India remain structurally strong in 2026, supported by global safe-haven demand and domestic currency trends. While short-term volatility may persist due to macroeconomic signals, the long-term outlook remains constructive.
Investors should monitor global market cues, currency movements, and domestic demand patterns before making allocation decisions.
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