Gold, silver prices edge up in India on February 14: Check city-wise new rates here
Gold prices moved higher across India on Saturday, February 14, even as bullion markets remained cautious. According to data from GoodReturns, the benchmark rate for 10 grams of 24-carat gold increased by ₹1,970. The revised price stood at ₹1,57,750. Silver, however, witnessed a decline. The metal fell by ₹5,000 to ₹2,75,000 per kilogram. Domestic and global factors kept trading sentiment guarded.
The 22-carat gold rate also recorded an increase. Prices rose by ₹1,800 to about ₹1,44,600 per 10 grams. Market participants said buyers were carefully tracking international developments and domestic economic conditions before making fresh purchases.
Current gold rates in India (February 14)
24K gold: ₹15,775 per gram
22K gold: ₹14,460 per gram
18K gold: ₹11,831 per gram
These shifts came as buyers continued to watch international signals and domestic economic conditions before committing to bullion purchases.
Indian Major Cities Gold Rates Today (1 gram)
City | 24K | 22K | 18K |
Chennai | ₹15,884 | ₹14,560 | ₹12,450 |
Mumbai | ₹15,775 | ₹14,460 | ₹11,831 |
Delhi | ₹15,790 | ₹14,475 | ₹11,846 |
Kolkata | ₹15,775 | ₹14,460 | ₹11,831 |
Bangalore | ₹15,775 | ₹14,460 | ₹11,831 |
Hyderabad | ₹15,775 | ₹14,460 | ₹11,831 |
Kerala | ₹15,775 | ₹14,460 | ₹11,831 |
Pune | ₹15,775 | ₹14,460 | ₹11,831 |
Vadodara | ₹15,780 | ₹14,465 | ₹11,836 |
Ahmedabad | ₹15,780 | ₹14,465 | ₹11,836 |
Silver prices in India
Silver traded at around ₹2,75,000 per kilogram in Delhi, Mumbai, Bangalore and Kolkata. Analysts observed that silver tends to respond more sharply to shifts in global risk sentiment. They noted that movements in the rupee often magnify domestic price fluctuations.
What’s driving the market?
Commodity traders pointed to several factors influencing the latest moves in bullion:
- Persistent geopolitical tensions, which continue to support safe-haven demand.
- Rupee volatility, affecting the landed cost of imported gold.
- Seasonal buying ahead of the wedding and festival period.
- Market expectations around inflation and potential signals from the Reserve Bank of India.
Advice for buyers and investors
Experts advised consumers to remain alert to volatility and prioritise BIS-hallmarked jewellery. Buyers were encouraged to compare quotes across jewellers and ensure invoices clearly mention purity, weight and all applicable charges.
Investors considering larger exposures were urged to track daily price movements closely, given ongoing sensitivity to global markets and currency shifts.