Gold Price Today: Following strong global cues, domestic bullion markets began the week on a firm note, with the Multi-Commodity Exchange (MCX) witnessing a sharp upside opening on February 23, 2026. The MCX gold rate today opened with a gap-up at ₹1,58,458 per 10 grams and surged to an intraday high of ₹1,60,600 within minutes of the Opening Bell. Similarly, MCX silver opened higher at ₹2,63,061 per kg and quickly rallied to touch an intraday high of ₹2,68,120 per kg, reflecting strong buying interest in early trade.
In the international market, precious metals mirrored the bullish momentum. The COMEX gold rate opened with an upside gap and climbed to an intraday high of $5,198.41 per ounce, marking a gain of nearly 2% compared to Friday’s close of $5,080 per ounce. Silver prices on COMEX also witnessed a sharp surge, opening higher and touching an intraday high of $87.753 per ounce, registering an impressive gain of over 6% from the previous session’s close.
GOLD PRICE TODAY: MAJOR EVENTS OF THE UPCOMING WEEK (23rd-28th Feb, 2026)
Major Events of the upcoming week
Monday, February 23, 2026
06:30 PM – US Fed Governor Christopher Waller Speech
08:30 PM – US Factory Orders(MoM) Data
Tuesday, February 24, 2026
07:00 AM – China Market Opens
China Loan Prime Rate (1-Year & 5-Year) Announcement
06:30 PM – Fed President Austan Goolsbee Speech
06:45 PM – US ADP Employment Change (Weekly)
07:30 PM – Fed President Raphael Bostic Speech
08:30 PM – US CB Consumer Confidence Data
Wednesday, February 25, 2026
01:45 AM – Fed President Susan Collins Speech
Thursday, February 26, 2026
07:00 PM – US Initial Jobless Claims
08:30 PM – Fed Governor Michelle Bowman Speech
Friday, February 27, 2026
07:00 PM – US Producer Price Index (PPI) MoM – January
Other Major Market Updates to Watch
- Trump Tariff Statement and Trade PolicyDevelopments
- Rising US–Iran Geopolitical Tensions
- Ongoing Russia–Ukraine Situation
Iran, US Talks might take place in March
Iran and the United States remain at odds over sanctions relief in ongoing negotiations aimed at restricting Tehran’s nuclear programme, a senior Iranian official told Reuters on Sunday. The official said additional rounds of discussions are planned for early March, amid growing concerns about the possibility of military escalation.
The two countries resumed talks earlier this month in an attempt to resolve their prolonged dispute over Iran’s nuclear activities. The discussions come as Washington increases its military presence in the Middle East, heightening concerns about the risk of a wider regional conflict.
Xi Jinping Heads Into Trade Talks as US Tariff
Chinese President Xi Jinping is expected to enter upcoming trade negotiations with Donald Trump with expanded bargaining leverage after the U.S. leader lost the authority to swiftly impose tariffs under emergency powers.
Weeks ahead of Trump’s scheduled visit to Beijing on March 31 — his first trip to China since 2017 — the Supreme Court of the United States struck down the administration’s broad emergency tariffs. The decision removed the second-term tariff measures targeting Chinese goods, leaving China subject only to the 15% global tariff applied to U.S. allies, a rate set to expire after 150 days.
EU Parliament Trade Chief to Seek Pause on US Trade Deal Ratification
The European Parliament’s senior trade official is expected to propose suspending the ratification process of the European Union’s trade agreement with the United States until further clarity is provided by the administration of Donald Trump regarding its trade policy.
Bernd Lange, chairman of the Parliament’s trade committee, said he will recommend pausing legislative work on approving the proposed Turnberry Agreement during an emergency meeting on Monday. He stated that the suspension should remain in effect “until we have a comprehensive legal assessment and clear commitments from the US.”
India Delays US Trade Delegation After Supreme Court Tariff Ruling
India has postponed plans to send a trade delegation to Washington this week, citing uncertainty after the Supreme Court of the United States struck down tariffs imposed by Donald Trump, according to a source in the country’s trade ministry on Sunday.
The decision represents one of the first concrete responses from an Asian country following the court’s ruling. It comes after Trump announced on Saturday a temporary 15% tariff — the highest level allowed under existing law — on imports into the United States from all countries, after the earlier tariff measures were invalidated.
Trump Advances Military Posture as Iran Tensions Escalate
President Donald Trump has taken steps that bring the United States closer to a potential confrontation with Iran, even as advisers urge greater attention to domestic economic issues affecting voters. The situation highlights the political considerations surrounding any military escalation ahead of this year’s midterm elections.
Trump has ordered a substantial buildup of U.S. military forces in the Middle East and begun preparations for a possible multi-week air campaign targeting Iran. He has not yet publicly outlined the reasoning behind what could represent the most forceful U.S. action against the Islamic Republic since the 1979 revolution.
GOLD PRICE TODAY: EXPERT OPINION
Manoj Kumar Jain, Director Prithvi Finmart, a senior financial market expert, said:
“On Friday, gold and silver were settled on a positive note in the international markets. Gold April futures contracts were settled at $5,080.90 per troy ounce, up by 1.67%, and silver March futures contracts were settled at $82.343 per troy ounce, up by 6.07%.
Domestic markets were also settled on a positive note. Gold April futures contract settled at Rs1,56,876 per 10 grams with a gain of 1.33% and silver March futures contract settled at Rs2,52,944 per kilogram with a gain of 4.79%.
Gold and silver showed very high price volatility and gained last week amid safe haven buying due to the U.S. and Iran tensions and the U.S. Supreme Court ruling against Trump tariffs. The U.S. President gave 10-15 days to Iran for making deal, and increased tensions in the Middle East as China is opposing any kind of military action of the U.S. against Iran.
The U.S. Supreme Court upheld the lower court’s decision with a 6-3 majority on Trump tariffs. However, the U.S. President imposed global tariffs of 15% after the Supreme Court’s decision, increasing uncertainty in the global financial markets and supporting prices of precious metals.”
Manoj Kumar Jain View for Today (For Gold and Silver) | 23/02/206
“We are experiencing very high price volatility in both precious metals, but silver prices could hold their support level of $63.90 per troy ounce, and gold prices could also hold their support level of $4,770 per troy ounce on a closing basis this week. We expect gold and silver prices to remain volatile this week amid volatility in the dollar index, US-Iran tensions, and the reopening of Chinese markets after week long holidays.
Gold has support at $5055-$5000 while resistance at $5122-$5164 per troy ounce and silver has support at $80.00-$76.20, while resistance is at $84.80-$88.00 per troy ounce in today’s session.
At mcx, gold is having support at ₹154400-₹153150 and resistance at ₹159100-₹160600 while silver is having support at ₹248800-₹242000 and resistance at ₹257700-₹263620″
Pranav Mer, from JM Financial View for Today (For Gold) | 23/02/2026
“Gold futures recovered from a sharp dip during mid-week and traded firm through the rest of the trading sessions to close the week higher by 0.5%.
On indicators: 14-week RSI is trading above 70, but below its moving average, while MACD indicator is trading above the mid-zero line, with a positive difference.
Outlook: Momentum looks consolidative with Supports at ₹149,900/ ₹134,300,
while on the upside, resistance immediately holds at ₹160,800. Overall, till
₹134,300 holds there is a high probability that prices may continue to see a
steady recovery towards ₹170,000/ ₹180,000 levels.”
Kedia Commodity View for Today (For Gold) | 23/02/2026
“Technically, the market is witnessing short covering, with open interest down 3.02%. Gold Support is seen at ₹155,380 and ₹153,880, while resistance stands at ₹157,890; a move above could test ₹158,900. ,.”
Kedia Commodity View for Today (For Silver) | 23/02/2026
“Technically, the market is witnessing fresh buying, with open interest rising 2.71% alongside a sharp price gain. Silver Immediate support is seen at ₹244,535, with further support at ₹236,125. Resistance is placed at ₹258,065, and a sustained move above this level could open the door toward ₹263,185.”
Gold Price Today: FAQs
1. What are the MCX gold and silver prices today?
On the Multi Commodity Exchange, gold opened with a gap-up at ₹1,58,458 per 10 grams and touched an intraday high of ₹1,60,600. Silver opened at ₹2,63,061 per kg and rallied to an intraday high of ₹2,68,120 in early trade.
2. How did gold and silver perform on COMEX?
On COMEX, gold opened higher and climbed to $5,198.41 per ounce, marking nearly a 2% gain over Friday’s close of $5,080. Silver surged to an intraday high of $87.753 per ounce, registering a gain of over 6% from the previous session.
3. Which major events could impact gold prices this week?
Key events between February 23–28 include speeches from Federal Reserve officials such as Christopher Waller, Austan Goolsbee, Raphael Bostic, Susan Collins, and Michelle Bowman, along with US data releases including Factory Orders, Consumer Confidence, Initial Jobless Claims, and Producer Price Index (PPI). China’s Loan Prime Rate announcement and reopening of markets are also on the radar.
4. How are global trade and geopolitical developments influencing bullion?
Recent developments include the Supreme Court of the United States striking down tariff measures imposed by Donald Trump, followed by a temporary 15% global tariff announcement. Additionally, ongoing US–Iran tensions, possible talks in March, and trade-related developments involving Xi Jinping and the European Union are being closely monitored by market participants.
5. What are the key support and resistance levels for gold and silver today?
According to market experts, gold on COMEX has support at $5,055–$5,000 and resistance at $5,122–$5,164 per ounce, while silver has support at $80.00–$76.20 and resistance at $84.80–$88.00. On MCX, gold has support at ₹1,54,400–₹1,53,150 and resistance at ₹1,59,100–₹1,60,600, while silver has support at ₹2,48,800–₹2,42,000 and resistance at ₹2,57,700–₹2,63,620.
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