Gold and Silver Rates Today show a fresh uptick across India, with MCX futures rising and city-wise prices moving higher. Here’s the latest update on bullion rates for February 20. Gold and silver prices continued their upward momentum on Friday, February 20, reflecting renewed buying interest in the domestic as well as global markets. Moreover, after witnessing some volatility earlier this week, bullion rates have once again strengthened. On the Multi Commodity Exchange (MCX), gold futures for April delivery rose by 0.33% to ₹1,55,335 around 9:03 am. Meanwhile, silver futures for March delivery jumped 1.2% to ₹2,44,300. Therefore, investors tracking commodity markets are closely watching the renewed bullish trend.
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Gold and Silver Futures on MCX Today
Gold futures opened higher and maintained steady gains during early trade. Although prices had corrected earlier this week due to weak global cues and currency fluctuations, sentiment has now improved. Consequently, fresh buying has pushed rates upward. Silver futures, on the other hand, recorded a sharper percentage gain. Additionally, industrial demand expectations and global market support contributed to the surge in silver prices. Earlier on February 17, bullion markets had seen a decline following global sell-offs. However, as global cues stabilised, traders regained confidence. Therefore, both gold and silver recovered from recent lows.
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Domestic Gold Prices in India – February 20
In the physical market, domestic gold prices also moved higher. As per India Bullion data, 24-carat gold rose by ₹660 to trade at ₹1,55,730 per 10 grams in early trade. Similarly, silver prices increased by ₹3,400 to reach ₹2,45,920 per kilogram. Consequently, retail buyers may notice slightly higher jewellery prices today.
Below is the city-wise gold price per gram on February 20:
| City | 24K (₹) | 22K (₹) | 18K (₹) |
|---|---|---|---|
| Delhi | 15,492 | 14,201 | 11,619 |
| Mumbai | 15,519 | 14,226 | 11,639 |
| Kolkata | 15,512 | 14,219 | 11,634 |
| Chennai | 15,578 | 14,280 | 11,684 |
Although minor differences exist across cities due to local taxes and transportation costs, the overall trend remains bullish. Therefore, investors looking to buy gold should monitor daily fluctuations carefully.
Silver Prices in India Today
Silver prices also strengthened in domestic markets. As of Friday, silver traded around ₹2,44,430 per kilogram. Meanwhile, sterling silver (Silver 925) was available at approximately ₹2,25,913 per kilogram.
In major cities, Silver 999 (pure silver) prices per kilogram stood as follows:
| City | Silver Price (₹ per kg) |
|---|---|
| Delhi | 2,43,360 |
| Mumbai | 2,43,780 |
| Kolkata | 2,43,460 |
| Chennai | 2,44,490 |
Additionally, Silver 999 was priced around ₹2,442 per 10 grams. Because silver has strong industrial usage in electronics and manufacturing, its price often reacts sharply to demand expectations. Consequently, silver tends to be more volatile than gold.
Global Gold and Silver Market Trends
In the US COMEX market, gold was trading at $5,011.50 per ounce, while silver stood at $78.23 per ounce. Moreover, global geopolitical tensions and a weaker US dollar have supported precious metal prices in recent months. Gold, in particular, remains a preferred hedge against inflation and economic uncertainty. Therefore, during periods of global instability, investors often increase their allocation to gold. On the other hand, silver reacts not only to investment demand but also to industrial consumption trends. According to market analysts, rising inflation concerns and currency movements continue to influence bullion prices. Consequently, both domestic and global factors play a crucial role in daily rate fluctuations.
Why Gold and Silver Prices Are Rising
Several factors contribute to the current price rise. Firstly, improved global sentiment has encouraged fresh buying. Secondly, currency fluctuations have supported precious metals. Moreover, investors are seeking safe-haven assets amid economic uncertainty. Therefore, gold prices have maintained strength despite short-term corrections. Meanwhile, silver benefits from both safe-haven demand and industrial recovery expectations. However, experts advise retail investors to avoid panic buying during sharp rallies. Instead, they recommend staggered investments to manage price volatility effectively.
Should You Buy Gold or Silver Now?
If you plan to invest for the long term, gold remains a stable option. Additionally, it helps diversify your portfolio during uncertain times. However, for short-term trading, silver may offer higher volatility and therefore greater opportunity — but also higher risk. Ultimately, your decision should depend on your financial goals and risk tolerance. Therefore, consulting a financial advisor before making large investments is always advisable.
| FAQ | Answer |
|---|---|
| Why are gold prices rising today? | Improved global sentiment and safe-haven demand have pushed prices higher. |
| What is the gold rate in Delhi today? | 24K gold is priced at ₹15,492 per gram in Delhi. |
| What is the silver price per kg? | Silver trades around ₹2,44,430 per kilogram in India. |
| Is gold a safe investment? | Yes, gold is considered a hedge against inflation and uncertainty. |