Gold Holds at ₹15,420 on February 18 After Recent Drop: Latest 24K, 22K and 18K Rates Across India

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, and dropped sharply to ₹15,578 on February 13. Prices then rebounded to ₹15,644 on February 16 but failed to sustain the recovery, slipping further to ₹15,420 on February 17 and remaining unchanged on February 18 across most major cities. The inability to build on the rebound indicates fading buying interest at higher levels.

The recent sequence of brief recoveries followed by renewed weakness underscores persistent choppiness, with gold still struggling to establish a firm base after the sharp correction from its January peak. While prices appear to be stabilising at lower levels, the lack of sustained upside momentum suggests cautious sentiment and a mild downward bias in the near term.

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Gold Prices Today in India February 18, 2026

As of 10:50 AM on February 18, 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 ₹15,420, 22K at ₹14,135, 18K at ₹11,565.
• Gold Price Today in Chennai: 24K at ₹15,524, 22K at ₹14,230, 18K at ₹12,180.
• Gold Price Today in Bangalore:24K at ₹15,420, 22K at ₹14,135, 18K at ₹11,565.
• Gold Price Today in Hyderabad: 24K at ₹15,420, 22K at ₹14,135, 18K at ₹11,565.
• Gold Price Today in Kerala: 24K at ₹15,420, 22K at ₹14,135, 18K at ₹11,565.
• Gold Price Today in Delhi: 24K at ₹15,435, 22K at ₹14,150, 18K at ₹11,580.

Recent Gold Price Movements in India

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

• February 18th: 24K at ₹15,420, 22K at ₹14,135, 18K at ₹11,565.
• February 17th: 24K at ₹15,420, 22K at ₹14,135, 18K at ₹11,565.
• 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.

Gold prices in India continue to trade in a volatile range following the sharp correction from late-January record highs. The 24K rate, which stood at ₹15,840 on February 12, dropped to ₹15,578 on February 13 before recovering to ₹15,644 on February 16. However, the rebound faded quickly, with prices easing to ₹15,420 on February 17 and remaining unchanged on February 18. Similarly, 22K gold declined from ₹14,520 on February 12 to ₹14,280 on February 13, edged up to ₹14,340 on February 16, and then slipped to ₹14,135 on February 17, holding steady the next day.

Overall, the pattern of brief recoveries followed by renewed weakness indicates that consolidation remains fragile with a mild downward bias. While prices appear to be stabilising around current levels after the mid-February drop, the lack of sustained upside momentum and continued day-to-day fluctuations reflect cautious sentiment and lingering volatility in the domestic gold market.

Gold Market Outlook

Gold prices in India remain range-bound with a mild downward bias following the sharp correction from late-January highs. The 24K rate declined from ₹15,840 on February 12 to ₹15,578 on February 13, rebounded to ₹15,644 on February 16, and then slipped further to ₹15,420 on February 17, holding steady on February 18. Similarly, 22K gold fell from ₹14,520 to ₹14,280, recovered to ₹14,340, and eased to ₹14,135, while 18K gold dropped from ₹11,880 to ₹11,684, edged up to ₹11,733, and softened to ₹11,565. Overall, the brief rebound was followed by renewed weakness, indicating fragile consolidation and continued short-term volatility, with cautious sentiment prevailing in the domestic market.

Conclusion

As of February 18, gold prices across most major cities are trading around ₹15,420 per gram for 24K, ₹14,135 for 22K, and ₹11,565 for 18K. Chennai continues to quote at a premium, with 24K gold at ₹15,524 per gram. The failure to sustain the mid-February recovery suggests that the market is still under pressure, with prices stabilising at lower levels rather than rebounding strongly. In the near term, gold is likely to remain range-bound and highly sensitive to global cues, currency movements, and investor sentiment.