Gold Rebounds Sharply to ₹16,135: Latest 24K, 22K and 18K Rates Across Major Cities

Gold prices in India rallied sharply in late January, hitting a record ₹17,885 per gram on January 29 before witnessing heavy profit-taking. In early February, the market entered a volatile consolidation phase, with the 24K rate sliding to around ₹15,578 by February 13 after fluctuating near ₹15,800 earlier in the month.

Prices rebounded to ₹15,644 on February 16 but dropped to ₹15,420 on February 17-18, before recovering to ₹15,649 on February 19 and easing slightly to ₹15,617 on February 20. The weakness, however, proved temporary, as gold surged to ₹16,135 on February 23, marking a strong late-month rebound.

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Gold Prices Today in India February 23, 2026

As of 11:44 PM on February 23, 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 ₹16,135, 22K at ₹14,790, 18K at ₹12,101.
• Gold Price Today in Chennai: 24K at ₹16,211, 22K at ₹14,860, 18K at ₹12,720.
• Gold Price Today in Bangalore:24K at ₹16,135, 22K at ₹14,790, 18K at ₹12,101.
• Gold Price Today in Hyderabad: 24K at ₹16,135, 22K at ₹14,790, 18K at ₹12,101.
• Gold Price Today in Kerala: 24K at ₹16,135, 22K at ₹14,790, 18K at ₹12,101.
• Gold Price Today in Delhi: 24K at ₹16,150, 22K at ₹14,805, 18K at ₹12,116.

Recent Gold Price Movements in India

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

• February 23rd: 24K at ₹16,135, 22K at ₹14,790, 18K at ₹12,101.
• February 20th: 24K at ₹15,617, 22K at ₹14,315, 18K at ₹11,713.
• February 19th: 24K at ₹15,649, 22K at ₹14,345, 18K at ₹11,737.
• 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.

Gold prices in India continue to trade in a volatile range following the sharp correction from late-January record highs, but the latest data shows a strong rebound. The 24K rate held at ₹15,420 on February 17–18, rose to ₹15,649 on February 19, dipped to ₹15,617 on February 20, and then surged to ₹16,135 on February 23. Similarly, 22K gold remained at ₹14,135 on February 17-18, climbed to ₹14,345 on February 19, eased to ₹14,315 on February 20, and jumped to ₹14,790 on February 23. The 18K rate followed the same trajectory, holding at ₹11,565 on February 17–18, rebounding to ₹11,737 on February 19, softening to ₹11,713 on February 20, and rising sharply to ₹12,101 on February 23, underscoring renewed buying momentum after the brief mid-week weakness.

Gold Market Outlook

Gold prices in India remain volatile but have staged a strong rebound after mid-February weakness. The 24K rate held at ₹15,420 on February 17–18, rose to ₹15,649 on February 19, dipped to ₹15,617 on February 20, and then surged to ₹16,135 on February 23. Similarly, 22K gold stayed at ₹14,135 on February 17-18, climbed to ₹14,345 on February 19, eased to ₹14,315 on February 20, and jumped to ₹14,790 on February 23. The 18K rate followed the same pattern, holding at ₹11,565 on February 17–18, rebounding to ₹11,737 on February 19, softening to ₹11,713 on February 20, and advancing sharply to ₹12,101 on February 23. The swift upswing points to renewed buying momentum after a brief corrective phase, though volatility remains elevated.

Conclusion

As of February 23, gold prices across most major cities are trading around ₹16,135 per gram for 24K, ₹14,790 for 22K, and ₹12,101 for 18K. Chennai continues to quote at a premium, with 24K gold at ₹16,211 per gram, while Delhi is slightly higher than the national average at ₹16,150. The sharp rise from February 20 levels signals strong recovery and renewed investor interest. However, given the rapid fluctuations in recent sessions, gold is likely to remain sensitive to global cues, currency movements, and shifts in market sentiment, keeping short-term volatility elevated.