Loading market data...
Gold prices in India on 16 February 2026 remained slightly under pressure, with 24K gold trading near ₹60,700 per 10 grams and 22K around ₹55,650. The decline was influenced by global factors such as a stronger U.S. dollar, inflation data, and shifting interest-rate expectations. Despite short-term volatility, gold continues to attract investors as a long-term hedge against inflation and economic uncertainty.
Gold prices in India witnessed mild pressure on 16 February 2026, tracking global cues and a stronger dollar outlook. The 24K gold rate hovered around ₹6,070 per gram (₹60,700 per 10 grams), while 22K gold traded near ₹5,565 per gram. Price movements were influenced by U.S. inflation data, interest rate expectations, and thin global trading volumes.
Gold prices in India showed moderate weakness on 16 February 2026, reflecting global market trends. Precious metals faced pressure after better-than-expected U.S. inflation data strengthened the dollar, reducing the appeal of non-yielding assets like gold.
Despite the short-term dip, gold continues to attract investors as a long-term hedge against inflation, currency depreciation, and economic uncertainty.
Gold Price Snapshot – 16 February 2026
| Purity | Price per gram | Price per 10 grams |
|---|---|---|
| 24K Gold | ₹6,070 | ₹60,700 |
| 22K Gold | ₹5,565 | ₹55,650 |
| 18K Gold | ₹4,560 | ₹45,600 |
Key takeaway:
Expert Insight: “Gold is currently moving in a macro-driven range. Any signal of rate cuts or a weaker dollar could trigger the next leg of the rally,” said a commodities strategist.
Gold Price in Major Indian Cities (22K and 24K)
| City | 22K per 10 gm | 24K per 10 gm |
|---|---|---|
| Delhi | ₹55,700 | ₹60,750 |
| Mumbai | ₹55,650 | ₹60,700 |
| Kolkata | ₹55,650 | ₹60,700 |
| Chennai | ₹56,000 | ₹61,100 |
| Bengaluru | ₹55,650 | ₹60,700 |
| Hyderabad | ₹55,650 | ₹60,700 |
| Ahmedabad | ₹55,700 | ₹60,750 |
| Pune | ₹55,650 | ₹60,700 |
| Jaipur | ₹55,700 | ₹60,750 |
| Lucknow | ₹55,700 | ₹60,750 |
Gold Price by Major Indian States
| State | 22K per 10 gm | 24K per 10 gm |
|---|---|---|
| Maharashtra | ₹55,650 | ₹60,700 |
| Delhi (NCT) | ₹55,700 | ₹60,750 |
| Tamil Nadu | ₹56,000 | ₹61,100 |
| Karnataka | ₹55,650 | ₹60,700 |
| Telangana | ₹55,650 | ₹60,700 |
| Gujarat | ₹55,700 | ₹60,750 |
| Rajasthan | ₹55,700 | ₹60,750 |
| Uttar Pradesh | ₹55,700 | ₹60,750 |
| West Bengal | ₹55,650 | ₹60,700 |
| Kerala | ₹56,000 | ₹61,100 |
What Moved Gold Prices on 16 February
| Factor | Impact on Gold |
|---|---|
| Stronger U.S. dollar | Negative for gold |
| Inflation data | Reduced safe-haven demand |
| Thin global trading volumes | Increased volatility |
| Fed rate-cut expectations | Long-term bullish factor |
Gold prices typically move inversely to the U.S. dollar and interest rates. When the dollar strengthens or rate cuts are delayed, gold tends to face short-term pressure.
Gold vs Silver: Performance Comparison
| Metal | Daily Trend | Key Driver |
|---|---|---|
| Gold | Mild decline | Stronger dollar |
| Silver | Sharper fall | Industrial demand concerns |
Silver tends to be more volatile because of its industrial demand exposure, while gold remains primarily a safe-haven asset.
Long-Term Drivers Supporting Gold
| Structural Factor | Impact |
|---|---|
| Central bank buying | Strong demand base |
| Inflation concerns | Hedge demand |
| Currency volatility | Safe-haven flows |
| Geopolitical risks | Investment demand |
Key Price Levels to Watch
| Price Zone (24K) | Market Signal |
|---|---|
| Above ₹62,000/10 gm | Strong bullish momentum |
| ₹59,000–₹61,000 | Consolidation zone |
| Below ₹58,000 | Deeper correction risk |
Trading Platforms to Track Gold Prices in India
Investors can monitor gold and commodity markets through:
These platforms provide:
⚠️ DISCLAIMER: We Are Not Financial Advisors This article is for informational and educational purposes only and should not be considered investment advice. Commodity and stock market investments are subject to market risks. Please consult a certified financial advisor before making any investment decisions.
Financial journalist specializing in market analysis, stock research, and investment trends. Dedicated to providing accurate, timely insights for informed decision-making.
Credentials: Experienced financial journalist with expertise in equity markets and economic analysis
The information provided in this article is for educational and informational purposes only and should not be construed as financial, investment, or legal advice. Finscann does not provide personalized investment recommendations.
For detailed terms and conditions, please read our Disclaimer and Terms of Service.
Gold and silver rates jump on MCX today amid dollar weakness and escalating US-Iran conflict.
Global crude oil prices have soared by 18% this week, with Brent nearing $85/barrel. FinScann analyzes the Middle East crisis, Strait of Hormuz...
Surging crude oil prices could force major price increases for Indian giants Asian Paints and HUL, warns CLSA.
Gold prices on MCX soar to ₹1.64 lakh in March 2026, driven by intense US-Iran tensions. FinScann analyzes safe-haven demand and future outlook for...
Silver prices soar over 3% in March 2026 as Middle East tensions escalate and a weaker US dollar fuels safe-haven demand.