Gold Prices Climb While Silver Slips on Feb 26 — Check Latest Rates in Major Cities

Gold prices continued their upward momentum on February 26, reflecting strong global demand for safe-haven assets, while silver moved in the opposite direction with a slight decline. Market data shows that 24-carat gold rates have risen across major Indian cities, signaling sustained bullish sentiment in the bullion market.

Analysts say the current trend is being driven by global uncertainty, currency fluctuations, and steady investor interest in precious metals as a hedge against volatility.

Gold Prices Rise Across Key Indian Cities

As of the morning of February 26, gold rates showed a notable increase in several major markets:

• In Delhi, 24-carat gold reached ₹1,62,050 per 10 grams, while 22-carat gold stood at ₹1,48,560.

• In Mumbai, Chennai, and Kolkata, 24-carat gold was priced at ₹1,61,900 per 10 grams and 22-carat at ₹1,48,410.

• Pune and Bengaluru reported similar rates, with 24-carat gold at ₹1,61,900 and 22-carat at ₹1,48,410 per 10 grams.

Just a day earlier, bullion traders in Delhi recorded a sharp increase of about ₹1,000 per 10 grams—nearly a 1% rise—indicating strong buying activity.

Latest Gold Rates City-Wise (Feb 26)

Price differences between cities usually stem from local taxes, transportation costs, and regional demand patterns.

Global Market Signals Supporting Gold

Internationally, gold’s spot price was hovering around $5,181.46 per ounce, reflecting strong global demand. Investors are increasingly turning to precious metals as uncertainty persists in financial markets. When economic or geopolitical risks rise, gold often benefits because it is considered a stable store of value.

Financial institutions such as JP Morgan have previously projected strong long-term prospects for gold, reinforcing bullish sentiment among traders.

Silver Prices Move Lower

While gold climbed, silver prices showed a mild decline. On February 26, silver was trading around ₹2,84,900 per kilogram. The drop comes after a sharp jump in the previous session, when prices rose by nearly ₹5,900 to about ₹2,77,900 per kg in Delhi markets.

Globally, silver’s spot rate stood near $90.30 per ounce. Despite today’s dip, analysts note that silver remains volatile and closely tied to movements in global commodity and currency markets.

Interestingly, earlier this year silver briefly crossed the ₹4 lakh per kilogram mark before correcting, highlighting how quickly precious metal prices can shift.

Why Precious Metals Are Moving

Market experts point to three major drivers behind the recent movements:

1. Safe-haven demand: Investors prefer gold during uncertain economic conditions.

2. Global policy expectations: Interest-rate outlooks from central banks influence bullion demand.

3. Currency trends: A weaker dollar often supports higher precious metal prices.

Policy signals from institutions such as the Federal Reserve remain a key factor that traders worldwide are watching closely.

Investment Outlook

Despite short-term fluctuations, analysts say the long-term outlook for precious metals remains constructive. Gold’s steady rise suggests continued investor confidence, while silver’s volatility may present both risk and opportunity depending on market timing.

Bottom Line: On February 26, gold prices extended gains across major Indian cities, supported by strong global cues and safe-haven demand. Silver, however, edged lower after a recent spike. Investors should monitor international trends and policy signals closely, as bullion markets remain highly sensitive to global developments.