Gold and silver prices have seen a sharp correction on 17 February 2026 after touching record highs earlier this year. The fall is mainly linked to global profit booking, a stronger US dollar, and expectations of higher global interest rates. Despite the short-term drop, analysts say long-term demand from central banks, jewellery buyers, and industrial sectors remains strong.

Silver has fallen faster than gold because it is more sensitive to industrial demand cycles and speculative trading. Market experts currently see this fall as a correction phase rather than a long-term crash, but short-term volatility may continue.

Gold Price Table

Gold Type	1 Gram Price	10 Gram Price
18K Gold	₹11,845	₹1,18,450
22K Gold	₹14,474	₹1,44,740
24K Gold	₹15,789	₹1,57,890

Silver Price Table

Silver	1 Gram Price	1 Kg Price
Silver (Average India)	₹236 – ₹250	₹2,36,100 – ₹2,50,000

City-Wise Gold Rates

City	24K Gold Price
Delhi	₹1,57,890
Mumbai	₹1,57,740
Chennai	₹1,58,830
Bangalore	₹1,57,740
Pune	₹1,57,600

Country-Wise Gold Rates

Country	Gold Price (24K / 10g Approx)
India	₹1,55,000 – ₹1,60,000
United States	₹1,60,000 – ₹1,68,000
United Arab Emirates	₹1,58,000 – ₹1,65,000
Singapore	₹1,60,000 – ₹1,66,000
United Kingdom	₹1,62,000 – ₹1,70,000

Market Outlook

Current price fall is widely seen as a correction after a strong rally. Long-term demand from jewellery markets, central bank reserves, and green-energy industrial demand (especially for silver) is expected to support prices over time. However, short-term movement will depend heavily on US dollar strength, global inflation data, and interest rate decisions.