Gold prices in India staged a strong rally in the second half of January, breaking out of consolidation and surging to a record high of ₹17,885 per gram on January 29. The sharp advance was followed by swift profit-taking, triggering a steep pullback in the sessions that followed.

In early February, the market shifted into a volatile consolidation phase. The 24K benchmark hovered around ₹15,660 on February 8, climbed to ₹15,884 on February 9, slipped to ₹15,791 on February 10, edged up to ₹15,851 on February 11, eased slightly to ₹15,840 on February 12, dropped sharply to ₹15,578 on February 13, and has since recovered modestly to ₹15,644 on February 16 across most major cities. The partial rebound suggests that while the earlier stabilisation attempt weakened, buyers have re-emerged at lower levels.

The recent back-and-forth movement highlights persistent choppiness, with gold still attempting to establish a stable base after the sharp correction from its January peak.

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Gold Prices Today in India February 16, 2026

As of 10:50 AM on February 16, gold rate today across major Indian cities declines compared to the previous session. Below are the latest per-gram prices for 24K, 22K, and 18K gold across key regions:

• Gold Price Today in Mumbai: 24K at ₹15,644, 22K at ₹14,340, 18K at ₹11,733.
• Gold Price Today in Chennai: 24K at ₹15,753, 22K at ₹14,440, 18K at ₹12,350.
• Gold Price Today in Bangalore:24K at ₹15,644, 22K at ₹14,340, 18K at ₹11,733.
• Gold Price Today in Hyderabad: 24K at ₹15,644, 22K at ₹14,340, 18K at ₹11,733.
• Gold Price Today in Kerala: 24K at ₹15,644, 22K at ₹14,340, 18K at ₹11,733.
• Gold Price Today in Delhi: 24K at ₹15,659, 22K at ₹14,355, 18K at ₹11,748.

Recent Gold Price Movements in India

Here’s a snapshot of how gold prices have moved over the past few days:

• February 16th: 24K at ₹15,644, 22K at ₹14,340, 18K at ₹11,733.
• February 13th: 24K at ₹15,578, 22K at ₹14,280, 18K at ₹11,684.
• February 12th: 24K at ₹15,840, 22K at ₹14,520, 18K at ₹11,880.
• February 11th: 24K at ₹15,851, 22K at ₹14,530, 18K at ₹11,889.
• February 10th: 24K at ₹15,791, 22K at ₹14,475, 18K at ₹11,844.

Gold prices in India continue to trade in a volatile range after the sharp correction from late-January record highs. The 24K rate, which had rebounded to ₹15,884 on February 9, slipped to ₹15,791 on February 10, edged up to ₹15,851 on February 11, eased slightly to ₹15,840 on February 12, dropped sharply to ₹15,578 on February 13, and then recovered modestly to ₹15,644 on February 16. Similarly, 22K gold rose to ₹14,560 on February 9, fell to ₹14,475 on February 10, inched up to ₹14,530 on February 11, softened to ₹14,520 on February 12, declined further to ₹14,280 on February 13, and rebounded to ₹14,340 on February 16.

Overall, the recent sequence of modest rebounds followed by sharp pullbacks suggests that consolidation remains fragile and choppy rather than decisively downward. While prices are attempting to stabilise after the mid-February dip, persistent day-to-day swings highlight continued short-term volatility and cautious market sentiment following January’s steep decline.

Gold Market Outlook

Gold prices in India remain range-bound and volatile after the sharp correction from late-January highs. The 24K rate rebounded to ₹15,884 on February 9, declined to ₹15,578 by February 13, and has since recovered modestly to ₹15,644 on February 16. Similarly, 22K gold fell from ₹14,560 to ₹14,280 before rebounding to ₹14,340, while 18K gold dropped from ₹11,913 to ₹11,684 and recovered to ₹11,733. Overall, the downtrend has paused but consolidation remains fragile, with continued day-to-day fluctuations and cautious market sentiment.

Conclusion

As of February 16, gold prices across major cities are trading around ₹15,644 per gram for 24K, ₹14,340 for 22K, and ₹11,733 for 18K. Chennai continues to quote at a premium, with 24K gold at ₹15,753 per gram. The partial recovery after the mid-February dip indicates that the market is attempting to stabilise, but gold remains range-bound in the near term, highly sensitive to global cues, currency movements, and investor sentiment.