Gold and Silver Prices in India Close Resilient on 26 February 2026: Gold Holds Above ₹1.61 Lakh, Silver Steadies Near ₹2.69 Lakh at Market Close

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26 Feb 2026 — 3 min read

Gold and Silver Prices in India Close Resilient on 26 February 2026: Gold Holds Above ₹1.61 Lakh, Silver Steadies Near ₹2.69 Lakh at Market Close

Gold and silver prices in India closed firm on 26 February 2026, recovering from early volatility to end the session on a steady note. While MCX futures reflected intraday swings driven by profit-booking and global cues, domestic retail rates remained resilient across major cities. A softer US dollar index and a steady rupee near ₹90.9/USD provided support, even as international bullion prices saw intermittent pressure. By the market close, gold held comfortably above the ₹1.61 lakh per 10g mark, while silver stabilised near ₹2.69 lakh per kg, signalling consolidation after recent multi-session gains.

Market Close Gold and Silver Prices

City	24K Gold (₹/10g)	22K Gold (₹/10g)	Silver (₹/kg)
Delhi	1,60,990	1,48,310	2,68,620
Mumbai	1,61,270	1,48,560	2,69,080
Chennai	1,61,740	1,49,000	2,69,860
Bengaluru	1,61,400	1,48,700	2,69,290
Hyderabad	1,61,520	1,48,820	2,69,510
Kolkata	1,61,060	1,48,340	2,68,720

*These are approximate retail closing rates; actual prices may vary due to local taxes, making charges, and jeweller premiums.

Intraday Movement

Gold opened around ₹1,60,661 per 10g on MCX but recovered to settle near ₹1,61,100, a marginal 0.03% dip from prior close yet up from intraday lows. Silver exhibited higher volatility, opening lower and swinging with a 1.19% early drop before stabilising around ₹2,68,000/kg. Profit-booking after recent highs was evident, but fresh safe-haven buying limited downside, with gold less volatile than silver.

Gold Rate Analysis

Gold held firm above ₹1,61,000/10g amid safe-haven demand fuelled by US-Iran tensions and tariff uncertainties under President Trump. A softer dollar index at 97.64 supported gains, making imports cheaper despite rupee at ₹90.9/USD. Domestic prices consolidated near February highs, testing resistance around ₹1,62,000 without breaking out.

Silver Rate Analysis

Silver underperformed gold with sharper intraday swings, dropping up to 1.42% globally before recovering to ₹2,68,196/kg on MCX. Industrial demand cues remained muted amid equity volatility, contrasting gold's haven appeal. Prices hovered near ₹2,69,000/kg in key cities, reflecting relative weakness despite global spot at $88.78/oz.

Key Factors Driving Prices Today

Global cues: Comex gold dipped 0.47% to $5,201/oz but held gains; silver slid 2.43% amid profit-taking post-rally.
USD-INR movement: Rupee steady at ₹90.9/USD, softening dollar index to 97.64 eased import costs and bolstered local prices.
Geopolitical risks: US-Iran tensions and Trump tariff threats boosted safe-haven flows, offsetting equity sentiment pressures.
Domestic demand: Steady jewellery buying during the wedding season supported retail rates despite MCX volatility.

What Today’s Close Signals

Today's close points to consolidation after a multi-session rally, with gold firm and silver volatile but contained. Volatility eased slightly from intraday peaks, suggesting balanced positioning ahead of the weekend. Momentum remains intact without signs of cooling, as metals eye key global data next week.

Gold's outperformance underscores its haven status, while silver's swings highlight industrial exposure. Investors note the rupee's role in sustaining levels. Retail stability aids physical demand.