Gold Prices Surge While Silver Slips: Latest Rates Across Indian Cities on Feb 21, 2026

Gold prices continued their upward momentum on February 21, 2026, driven by strong global demand for safe-haven assets and rising geopolitical tensions. Fresh uncertainty in international markets—particularly after stalled negotiations between Russia and Ukraine—has boosted investor interest in gold. Analysts say persistent global instability and inflation concerns are prompting investors to shift toward precious metals, pushing prices higher in both international and domestic markets.

According to market estimates cited by JPMorgan Chase, gold could potentially climb to $6,300 per ounce by the end of 2026 if current macroeconomic and geopolitical trends persist. Meanwhile, international spot gold prices were hovering around $5,027.13 per ounce, reflecting continued bullish sentiment in global bullion markets.

Gold Rates in India Today

In the national capital New Delhi, 24-carat gold prices rose to ₹157,530 per 10 grams in morning trade. By Friday’s close in the local bullion market, prices had jumped ₹850 to approximately ₹159,500 per 10 grams. The surge mirrors global trends, as investors increasingly treat gold as a protective asset during periods of uncertainty, including heightened tensions involving Iran and the United States.

The price of 22-carat gold in Delhi currently stands at ₹144,410 per 10 grams.

Gold Prices in Major Cities

Here’s a snapshot of current gold rates across major Indian cities:

Prices in cities such as Mumbai, Chennai, and Kolkata are nearly identical, reflecting standardized national pricing trends influenced by global benchmarks, currency movements, and local taxes.

Silver Prices Today

Unlike gold, silver showed signs of weakness in early trading on February 21. Domestic silver prices fell to ₹269,900 per kilogram, down from about ₹264,000 per kilogram in Delhi’s bullion market on Friday. In the international market, spot silver prices were around $80.5 per ounce.

Interestingly, silver prices had surged dramatically earlier this year, even crossing the ₹400,000 per kilogram mark in January during a period of heightened industrial demand and speculative buying. The current dip suggests short-term profit-booking and market consolidation rather than a long-term bearish trend.

What’s Driving the Precious Metals Market?

Several global factors are influencing gold and silver movements:

• Geopolitical tensions: Ongoing conflicts and diplomatic uncertainties are increasing safe-haven demand.

• Inflation concerns: Investors often turn to gold to hedge against rising prices.

• Currency fluctuations: A weaker dollar typically supports bullion prices.

• Investment demand: Institutional buying and central bank reserves continue to support gold’s upward trajectory.

Outlook for Investors

Market experts believe gold may remain volatile but biased upward in the near term, especially if geopolitical risks intensify or economic data signals slowdown fears. Silver, meanwhile, may see mixed performance due to its dual role as both a precious metal and an industrial commodity.

Bottom Line:
Gold continues to shine as a preferred safe-haven investment amid global uncertainty, while silver is currently experiencing a short-term correction. Investors tracking precious metals should monitor international developments closely, as global events remain the biggest drivers of price movements.