New Delhi: Indian markets witnessed a significant spike in precious metal prices on the morning of Wednesday, February 25, 2026, driven by a sudden surge in demand. On the Multi Commodity Exchange (MCX), gold for April 2 delivery rose by ₹785.00 (0.49%) to reach ₹1,60,754.00 during early trading hours. Silver prices saw an even more dramatic jump, with March 5 delivery contracts trading at ₹2,66,748.00 after an increase of ₹6,004.00 (2.30%) by 9:21 AM.
Domestic Gold Rates Across Major Cities
The price for 24-carat gold per 10 grams currently fluctuates around record highs in the following cities:
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Delhi: ₹1,60,670
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Mumbai: ₹1,60,070
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Kolkata: ₹1,59,860
Domestic Silver Rates Across Major Cities
Silver prices per kilogram have hit substantial marks across the country, with southern markets showing slightly higher rates:
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Chennai: ₹2,61,600
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Hyderabad: ₹2,61,250
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Bengaluru: ₹2,61,040
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Mumbai: ₹2,60,840
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Kolkata: ₹2,60,490
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Delhi: ₹2,60,390
The ongoing volatility in 22K and 24K gold rates has left many investors and wedding-season shoppers questioning whether to buy now or wait for a potential correction. While the current trend shows a sharp upward trajectory, experts suggest closely monitoring international market cues before making large-scale investments.
