Gold and silver prices in India continued their downward trend for the third consecutive day, reflecting weakening global cues and easing geopolitical concerns. After a brief pause earlier this week, precious metals have once again lost momentum as a stronger US dollar and reduced international tensions weighed on investor sentiment.

In the national capital, Delhi, gold prices have dropped sharply over the past two days. The price of 24-carat gold has fallen by ₹3,560 per 10 grams, while 22-carat gold has declined by ₹3,260 per 10 grams during this period. On Wednesday, February 18, prices slipped further by ₹10 per 10 grams for both categories.

Silver has also mirrored gold’s weakness. Over the last three days, silver prices have dropped by a total of ₹15,100 per kilogram. On February 18, silver was trading at ₹2,59,900 per kg in Delhi, down ₹100 from the previous session. Similar rates were observed in Mumbai and Kolkata, while Chennai recorded the highest silver price among major metros.

Market analysts attribute the decline to profit booking by investors and caution ahead of key economic data from the United States.

City-Wise Gold Prices Today (Per 10 Grams)

Here are the latest gold rates for 18-carat, 22-carat, and 24-carat purity across 10 major Indian cities:

Among these cities, Chennai continues to report the highest prices for both gold and silver, reflecting higher local demand and regional cost factors.

Silver Prices in Major Cities

Silver has also remained under pressure. After a day of stability earlier in the week, prices resumed their fall and extended losses for a third straight session.

• Delhi: ₹2,59,900 per kg

• Mumbai: ₹2,59,900 per kg

• Kolkata: ₹2,59,900 per kg

• Chennai: ₹2,64,900 per kg

This makes Chennai the costliest metro for silver at present, while other key cities are trading at nearly identical levels.

What Experts Are Saying

Market experts believe that gold and silver prices are currently facing pressure from profit booking as well as uncertainty surrounding US economic indicators. Investors are closely monitoring upcoming data on Personal Consumption Expenditure (PCE) inflation and the minutes of the Federal Open Market Committee (FOMC) meeting, which could provide fresh clues on future monetary policy.

According to analysts, the recent strengthening of the US dollar and signs of easing geopolitical tensions have reduced the appeal of safe-haven assets like gold and silver. This has led to a phase of consolidation in bullion markets.

As per news agency PTI, Pranav Mer, Vice President of EBG – Commodity and Currency Research at JM Financial Services Limited, stated that prices may continue to move within a narrow range in the near term. He added that volatility is likely to persist due to market focus on US GDP data, PCE inflation figures, and commentary from officials of the Federal Reserve.

Mer further noted that traders remain divided on the future direction of bullion prices. With limited clarity and the absence of strong fundamental triggers, gold and silver are currently passing through a consolidation phase.

Market Outlook

In the short term, precious metals are expected to remain sensitive to global economic data and currency movements. Any fresh signals regarding interest rate policy in the US could lead to sharp fluctuations in gold and silver prices.

Experts suggest that investors should stay cautious and track international developments closely before making major investment decisions. While long-term fundamentals of gold remain intact, short-term price movements may remain unpredictable.

Disclaimer

The views and recommendations mentioned in this article are based on opinions of market experts and brokerage firms. They do not represent the stance of this publication or its management. Readers are advised to consult certified financial advisors before making any investment decisions.

This latest decline in gold and silver prices highlights how global economic signals and investor sentiment continue to shape domestic bullion markets. With uncertainty still looming, precious metals may witness further consolidation in the days ahead.