Gold Today Rate, February 20, 2026: 18, 22, and 24 Carat Gold Prices in Chennai, Mumbai, Delhi, Kolkata, and Other Major Cities.
On Friday, February 20, 2026, gold prices in India experienced a slight decline, providing some relief to buyers after recent volatility. The benchmark 24-karat gold was quoted at ₹15,617 per gram, down ₹32 from the previous day.
Correspondingly, 22-karat gold stood at ₹14,315 per gram (down ₹30), and 18-karat gold at ₹11,713 per gram (down ₹24). These rates reflect the national average, excluding additional making charges, GST, or local taxes that may apply when purchasing jewellery or bars.
Gold, often seen as a safe-haven asset, has shown significant fluctuations in early 2026. After hitting record highs in January with a nearly 20% surge from the previous year, prices corrected sharply—dropping over 12% in just 10 days following the Union Budget presentation on February 1, 2026, by Finance Minister Nirmala Sitharaman. Factors such as global cues, US dollar movements, geopolitical tensions, and domestic economic policies influenced this trend. Despite the recent dip, gold remains a popular investment and jewellery choice in India.
24-karat gold, with its 99.9% purity, is primarily favored for investment purposes like bars and coins. In contrast, 22-karat (91.67% purity) and 18-karat (75% purity) are commonly used in jewellery due to their durability when alloyed with other metals.
For jewellery buyers, 22-karat pieces like traditional necklaces and earrings remain popular in India for weddings and festivals.
Recent Trends and Context in February 2026
Gold's performance in early 2026 has been marked by highs and corrections. January saw all-time peaks amid global uncertainties, but post-Budget adjustments led to a sharp pullback. International factors, including US-Iran tensions and dollar strength, contributed to the mixed sentiment. MCX gold futures showed resilience in some sessions, with prices around ₹1.56 lakh per 10 grams in intraday trades.
This chart illustrates the broader surge in gold prices from 2024 levels toward $5,000+ per ounce in 2026, driven by economic factors.
Factors Influencing Gold Prices
Global Cues: Spot prices, inflation, and geopolitical risks.
Domestic Demand: Festival seasons, weddings, and investment in ETFs (which saw higher inflows than equity MFs recently).
Gold, often seen as a safe-haven asset, has shown significant fluctuations in early 2026. After hitting record highs in January with a nearly 20% surge from the previous year, prices corrected sharply—dropping over 12% in just 10 days following the Union Budget presentation on February 1, 2026, by Finance Minister Nirmala Sitharaman. Factors such as global cues, US dollar movements, geopolitical tensions, and domestic economic policies influenced this trend. Despite the recent dip, gold remains a popular investment and jewellery choice in India.
24-karat gold, with its 99.9% purity, is primarily favored for investment purposes like bars and coins. In contrast, 22-karat (91.67% purity) and 18-karat (75% purity) are commonly used in jewellery due to their durability when alloyed with other metals.
Carat-Wise Gold Rate Per Gram in India (INR) – February 20, 2026
The following table details today's rates alongside yesterday's for comparison, sourced from reliable platforms like GoodReturns and market aggregators.
| Carat | Gram | Gold Rate Today (INR) | Gold Rate Yesterday (INR) | Change (INR) |
|---|---|---|---|---|
| 24K | 1 | ₹15,617 | ₹15,649 | – ₹32 |
| 24K | 8 | ₹1,24,936 | ₹1,25,192 | – ₹256 |
| 24K | 10 | ₹1,56,170 | ₹1,56,490 | – ₹320 |
| 24K | 100 | ₹15,61,700 | ₹15,64,900 | – ₹3,200 |
| 22K | 1 | ₹14,315 | ₹14,345 | – ₹30 |
| 22K | 8 | ₹1,14,520 | ₹1,14,760 | – ₹240 |
| 22K | 10 | ₹1,43,150 | ₹1,43,450 | – ₹300 |
| 22K | 100 | ₹14,31,500 | ₹14,34,500 | – ₹3,000 |
| 18K | 1 | ₹11,713 | ₹11,737 | – ₹24 |
| 18K | 8 | ₹93,704 | ₹93,896 | – ₹192 |
| 18K | 10 | ₹1,17,130 | ₹1,17,370 | – ₹240 |
| 18K | 100 | ₹11,71,300 | ₹11,73,700 | – ₹2,400 |
These calculations are straightforward multiples of the per-gram rate, highlighting the proportional cost for larger quantities often used in investments or bulk purchases.
Gold Price Today in Major Indian Cities (Per Gram) – February 20, 2026
Local variations occur due to state taxes, transportation costs, and demand. Here's a breakdown for key cities:
| Indian City | 24K Gold Rate Today | 22K Gold Rate Today | 18K Gold Rate Today |
|---|---|---|---|
| Chennai | ₹15,731 | ₹14,420 | ₹12,350 |
| Mumbai | ₹15,617 | ₹14,315 | ₹11,713 |
| Delhi | ₹15,632 | ₹14,330 | ₹11,728 |
| Kolkata | ₹15,617 | ₹14,315 | ₹11,713 |
| Bangalore | ₹15,617 | ₹14,315 | ₹11,713 |
| Hyderabad | ₹15,617 | ₹14,315 | ₹11,713 |
| Kerala | ₹15,617 | ₹14,315 | ₹11,713 |
| Pune | ₹15,617 | ₹14,315 | ₹11,713 |
| Ahmedabad | ₹15,622 | ₹14,320 | ₹11,718 |
| Jaipur | ₹15,632 | ₹14,330 | ₹11,728 |
| Lucknow | ₹15,632 | ₹14,330 | ₹11,728 |
| Patna | ₹15,622 | ₹14,320 | ₹11,718 |
| Nagpur | ₹15,617 | ₹14,315 | ₹11,713 |
| Chandigarh | ₹15,632 | ₹14,330 | ₹11,728 |
| Surat | ₹15,622 | ₹14,320 | ₹11,718 |
| Bhubaneswar | ₹15,617 | ₹14,315 | ₹11,713 |
| Gurgaon | ₹15,632 | ₹14,330 | ₹11,728 |
| Ghaziabad | ₹15,632 | ₹14,330 | ₹11,728 |
| Noida | ₹15,632 | ₹14,330 | ₹11,728 |
Chennai often shows slightly higher rates due to regional demand and taxes, while metro cities like Mumbai, Kolkata, Bangalore, and Hyderabad align closely with the national average.
For jewellery buyers, 22-karat pieces like traditional necklaces and earrings remain popular in India for weddings and festivals.
Recent Trends and Context in February 2026
Gold's performance in early 2026 has been marked by highs and corrections. January saw all-time peaks amid global uncertainties, but post-Budget adjustments led to a sharp pullback. International factors, including US-Iran tensions and dollar strength, contributed to the mixed sentiment. MCX gold futures showed resilience in some sessions, with prices around ₹1.56 lakh per 10 grams in intraday trades.
Factors Influencing Gold Prices
Global Cues: Spot prices, inflation, and geopolitical risks.
Domestic Demand: Festival seasons, weddings, and investment in ETFs (which saw higher inflows than equity MFs recently).
Currency and Policy: Rupee fluctuations and import duties.
Supply Dynamics: Mining output and central bank purchases.
Advice for Buyers and Investors
Monitor daily fluctuations, as rates change based on market hours. For investments, consider pure 24-karat bars or coins for liquidity. Jewellery purchases should factor in making charges (10-20%). Always verify with local jewelers or trusted sources like IBJA for the most accurate rates.
This comprehensive overview covers the key aspects of gold pricing on February 20, 2026, helping consumers make informed decisions in a volatile market.
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