Gold & Silver Rates in India Today (18 February 2026) with Srinagar Update
On Wednesday, 18 February 2026, gold and silver prices in India witnessed mixed movement with metals showing volatility amid global market cues. Precious metals opened on a firm note in early trade, rebounding after recent corrections and logging gains in several cities — a trend that traders and buyers are closely monitoring across markets including Srinagar.
Gold Prices – City-Wise (per 10 grams)
• Srinagar: 24K Gold ~ ₹1,43,670 | 22K Gold ~ ₹1,56,710 (indicative retail levels)
• Delhi: 24K ~ ₹1,41,490 | 22K ~ ₹1,54,340
• Mumbai: 24K ~ ₹1,41,340 | 22K ~ ₹1,54,190
• Chennai & Ahmedabad: Similar trends near national averages.
Gold prices showed modest rebound on MCX as futures climbed amid renewed demand and global cues, after recent profit-booking-led dips.
Silver Prices – Today’s Rates
• Silver (1 kg): ~₹2,37,000 – ₹2,38,000 across major cities including Mumbai, Delhi, Kolkata and Bangalore.
• Per 10 g Silver: Around ₹2,373 in several centres.
Silver prices have shown strong upside momentum, climbing nearly 2.8–3 % compared to previous close as industrial demand and short-covering influenced the market.
Here’s a full detailed city-wise update on gold and silver prices in India on 18 February 2026 with the latest rates:
Gold Rates Today (Gram Basis – 18 Feb 2026)
Gold prices saw slight correction in many cities after recent volatility, with 24K and 22K gold rates easing compared with previous sessions:
Per gram gold prices:
24K gold: ~₹15,420 – ₹15,524
22K gold: ~₹14,135 – ₹14,230
18K gold: ~₹11,565 – ₹12,180
This pricing shows modest variation across key Indian centres like Delhi, Mumbai, Chennai, Kolkata, Bangalore and Hyderabad. Overall, gold has stabilised after recent dips from earlier February highs.
City-Wise Gold Price (Approx)
- Chennai: 24K ₹15,524 | 22K ₹14,230 | 18K ₹12,180
- Mumbai: 24K ₹15,420 | 22K ₹14,135 | 18K ₹11,565
- Delhi: 24K ₹15,435 | 22K ₹14,150 | 18K ₹11,580
- Kolkata: 24K ₹15,420 | 22K ₹14,135 | 18K ₹11,565
- Bengaluru & Hyderabad: Very similar to Mumbai prices
Prices differ slightly due to local demand, taxes and making charges.
Silver Rates Today (18 Feb 2026)
Silver markets also showed active movement with prices near current multi-session levels:
Silver 999: Around ₹2,59,900 – ₹2,64,900 per kg
Sterling/Silver 925: ~₹2,89,000 per kg in select markets
City-wise silver pricing (per kg):
- Delhi & Mumbai: ~₹2,59,900
- Chennai, Hyderabad, Kerala: ~₹2,64,900
Smaller denominations (10 g) mirror these trends, with minor city-wise premiums.
Market Trend & Drivers
So far on 18 Feb, precious metals have been reacting to global trends, currency strength and recent profit-booking after mid-February rallies:
- Gold futures on MCX opened mixed, with mild recovery attempts after a recent breather.
- Silver witnessed sharper moves due to stronger industrial and speculative interest before retreating slightly.
- Both metals remain influenced by international bullion trends, dollar movements and investor sentiment in financial markets.
What This Means for Buyers & Investors
- Jewellery buyers may find slightly more stable prices compared with recent volatility, but local premiums and GST still affect retail rates.
- Traders and investors should watch MCX futures and global cues closely, as metals can remain choppy near support and resistance levels.
Market Context & Trend
Precious metal rates on 18 Feb were shaped by a rebound in MCX futures trading, global bullion trends and caution among investors after recent sell-offs. Gold and silver both saw earlier dips but regained strength in the session, reflecting continued interest despite fluctuations in dollar and global cues.
What Buyers Should Know
• Jewellery buyers in Srinagar and other cities should consider local premiums, GST and making charges, which can affect retail costs beyond base rates.
• Traders are watching macro signals including U.S. Fed commentary, currency moves and geopolitical developments that may influence metals pricing ahead.
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