Gold Price Today: Amid firm global cues, domestic bullion markets started the week on a strong footing, with the Multi-Commodity Exchange (MCX) recording a notable gap-up opening on February 23, 2026. MCX gold opened at ₹1,58,458 per 10 grams and advanced to an intraday high of ₹1,60,600 shortly after the Opening Bell. MCX silver also began higher at ₹2,63,061 per kg and climbed to an intraday high of ₹2,68,120 per kg in early trade.
In the overseas market, precious metals reflected similar momentum. COMEX gold opened with an upside gap and rose to an intraday high of $5,198.41 per ounce, up nearly 2% from Friday’s close of $5,080 per ounce. COMEX silver also moved higher, touching an intraday high of $87.753 per ounce, marking a gain of more than 6% compared to the previous session’s close.
On a weekly basis, MCX gold recorded a notable rise, increasing from ₹1,54,760 last Monday to ₹1,59,600 today, marking a gain of ₹4,840. MCX silver also posted a strong weekly advance, climbing from ₹2,39,891 to ₹2,66,235, reflecting an increase of ₹26,344 over the same period.
Gold Price Today: Prices of Various Cities for 23-02-2026
Mumbai
Gold Price Today in Mumbai – 162200
Silver Price Today in Mumbai – 272000
Ahmedabad
Gold Price Today in Ahmedabad – 163200
Silver Price Today in Ahmedabad – 272500
Hyderabad
Gold Price Today in Hyderabad – 162800
Silver Price Today in Hyderabad – 273000
Chennai
Gold Price Today in Chennai – 162900
Silver Price Today in Chennai – 273500
Vijayawada
Gold Price Today in Vijayawada – 162900
Silver Price Today in Vijayawada – 272000
Salem
Gold Price Today in Salem – 163100
Silver Price Today in Salem – 272500
Akola
Gold Price Today in Akola – 162200
Silver Price Today in Akola – 272500
Satara
Gold Price Today in Satara – 162300
Silver Price Today in Satara – 273000
Patna
Gold Price Today in Patna – 160000
Silver Price Today in Patna – 270000
Agra
Gold Price Today in Agra – 159700
Silver Price Today in Agra – 269500
Pune
Gold Price Today in Pune – 162000
Silver Price Today in Pune – 273500
Raipur
Gold Price Today in Raipur – 162000
Silver Price Today in Raipur – 272000
Kolhapur
Gold Price Today in Kolhapur – 162600
Silver Price Today in Kolhapur – 272500
Solapur
Gold Price Today in Solapur – 162400
Silver Price Today in Solapur – 273000
Hupari
Gold Price Today in Hupari – 162600
Silver Price Today in Hupari – 273000
Sangli
Gold Price Today in Sangli – 162300
Silver Price Today in Sangli – 278000
Nagpur
Gold Price Today in Nagpur – 158300
Silver Price Today in Nagpur – 272000
Delhi
Gold Price Today in Delhi – 158700
Silver Price Today in Delhi – 270000
Bengaluru
Gold Price Today in Bengaluru – 157000
Silver Price Today in Bengaluru – 265000
Jalgaon
Gold Price Today in Jalgaon – 157700
Silver Price Today in Jalgaon – 268000
Nanded
Gold Price Today in Nanded – 158300
Silver Price Today in Nanded – 268000
Indore
Gold Price Today in Indore – 158500
Silver Price Today in Indore – 268000
Nashik
Gold Price Today in Nashik – 158300
Silver Price Today in Nashik – 269000
Jalna
Gold Price Today in Jalna – 157700
Silver Price Today in Jalna – 267000
Latur
Gold Price Today in Latur – 157600
Silver Price Today in Latur – 270000
Jaipur
Gold Price Today in Jaipur – 162200
Silver Price Today in Jaipur – 273000
Jodhpur
Gold Price Today in Jodhpur – 162300
Silver Price Today in Jodhpur – 272500
Kolkata
Gold Price Today in Kolkata – 162500
Silver Price Today in Kolkata – 276500
Lucknow
Gold Price Today in Lucknow – 162200
Silver Price Today in Lucknow – 270500
Kanpur
Gold Price Today in Kanpur – 158000
Silver Price Today in Kanpur – 274000
Gold Price Today: Faqs
1. Has the US imposed tariffs directly on gold?
No. Gold itself has not been directly targeted by US tariffs. The market reaction has been driven by uncertainty and precautionary positioning rather than actual policy measures.
2. Why did COMEX gold inventories rise so sharply?
Traders moved gold into the United States pre-emptively to avoid potential tariff-related costs. Registered inventories increased by nearly 300 tonnes, while eligible inventories rose by more than 500 tonnes.
3. Why did gold futures trade at a premium to spot prices?
The spread between COMEX futures and London spot prices widened to $40–$50 per ounce as traders priced in potential logistical and cost risks linked to tariff uncertainty. The historical average over the past two years was around $13 per ounce.
4. Is London running out of gold?
No. London vaults still hold approximately 8,500 tonnes of gold, including about 5,200 tonnes at the Bank of England. Withdrawal delays appear to be logistical rather than a sign of structural shortage.
5. Are signs of normalisation emerging in the gold market?
Yes. The pace of inventory buildup has slowed, futures–spot spreads have narrowed, and lease rates have cooled from nearly 5% to around 1%. These developments suggest the disruption is temporary rather than systemic.
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