Gold and Silver Prices in India End Flat to Slightly Lower on 19 February 2026: Market Close Analysis

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19 Feb 2026 — 3 min read

Gold and Silver Prices in India End Flat to Slightly Lower on 19 February 2026: Market Close Analysis

Gold and silver prices in India closed largely stable with minor declines on 19 February 2026, as domestic retail rates showed limited movement amid balanced global cues. Gold dipped marginally by ₹10 per 10g in several cities compared to the previous day, while silver held firm after recent volatility, supported by spot market buying. A steady US dollar and rupee at around ₹91.2 pressured imports, but safe-haven flows cushioned the downside.

Market Close Gold and Silver Prices

City	24K Gold (₹/10g)	22K Gold (₹/10g)	Silver (₹/kg)
Delhi	1,54,340	1,41,490	2,54,900
Mumbai	1,54,190	1,41,340	2,54,900
Chennai	1,55,230	1,42,290	2,59,900
Bengaluru	1,54,190	1,41,340	2,54,900
Hyderabad	1,54,190	1,41,340	2,59,900
Kolkata	1,54,190	1,41,340	2,54,900

These are retail closing rates from major associations like the Indian Bullion Jewellers Association (IBJA) and All India Sarafa Association. Local variations may apply due to making charges, taxes, and purity differences.

Intraday Movement & Price Direction

Gold opened near ₹1,54,735 per 10g per IBJA's morning fix and closed flat to down ₹10-₹1,000 across cities, indicating consolidation with minimal volatility. Silver showed more intraday swings, with MCX futures fluctuating before stabilising around ₹2,45,000/kg, up slightly from prior session lows but below recent peaks. Profit-booking capped gains, yet fresh domestic buying limited losses, resulting in silver outperforming gold's subdued range-bound trade by 0.3-0.7% relatively.

Gold Rate Analysis

Domestic 24K gold closed at ₹1,54,190-₹1,55,230 per 10g, a 0.006% dip from yesterday's levels, reflecting caution amid a firm dollar index at 97.57. Global spot gold at $5,003/oz supported prices despite rupee steady at ₹91.2/USD, limiting import cost surges. Safe-haven demand amid geopolitical tensions, including US-Iran issues, aided consolidation near ₹1,54,000 support, down 20% from peaks at ₹1,93,000.

Silver Rate Analysis

Silver ended at ₹2,54,900-₹2,59,900/kg, up ₹1,000-₹15,000 from recent troughs like ₹2,55,000 yesterday, marking a 0.6-5.7% recovery intraday. Higher volatility versus gold stemmed from industrial demand cues and MCX futures rebounding 3.35% mid-session to ₹2,36,450 before settling near ₹2,45,230. Spot buying in Delhi lifted rates post-three-day fall, though 42% off January highs of ₹4,20,000 signals ongoing correction.

Key Factors Driving Prices Today

Global bullion uptrend: Spot gold rose 2.55% to $5,003/oz and silver 4.97% to $77.19/oz, providing tailwinds despite MCX caution.
USD-INR and dollar strength: Rupee at ₹91.2/USD with DXY up 0.43% to 97.57 raised import costs, capping domestic gains.
Domestic spot demand: Trader buying and IBJA fixes at ₹1,54,735 gold/₹2,45,230 silver supported floors amid equity volatility.

What Today’s Close Signals for the Market

Today's flat close for gold and mild silver uptick point to consolidation after sharp corrections, with volatility easing from January's extremes. Holding key supports like ₹1,54,000 gold and ₹2,45,000 silver suggests balanced sentiment, neither building fresh momentum nor cooling sharply. This stability amid global rises indicates traders awaiting Fed policy clarity, keeping near-term ranges intact without breakout signals.