Gold Price in India February 21 Climbs on Tariff Shock and US-Iran Tensions; Silver Jumps to ₹2.75 Lakh

Gold prices in India climbed for the third consecutive session on February 21, 2026, as global market uncertainty and safe-haven demand lifted bullion rates across major cities. The continued rally in 24K gold brought prices close to the ₹16,000 per gram mark, while 22K and 18K also strengthened. Silver rebounded sharply to ₹2.75 lakh per kg after a steep February correction, reflecting renewed investor interest following geopolitical tensions and economic signals.

Domestic MCX futures and international Comex data highlighted broad market support for precious metals, as investors weighed tariff rulings, Middle East developments, and inflation outlooks in their buying decisions.

Gold Price in India February 21: Key Highlights

• 24K gold climbed sharply on February 21, with the retail rate at ₹15,928 per gram.
  
• 22K gold was priced around ₹14,600 per gram, while 18K was around ₹11,946 per gram.
  
• Over three sessions, 24K gold jumped approximately ₹50,800 per 100 grams from recent lows.
  
• Silver rebounded toward ₹2.75 lakh per kg after hitting multi-month lows.
  
• Global triggers such as the US Supreme Court tariff ruling and US-Iran tensions boosted safe-haven flows.
  
• MCX gold futures and Comex gold strengthened, reflecting broader macro demand.
  
• City rates showed uniform trends with minor regional premiums, especially in Chennai.
  

24K, 22K, and 18K Gold Price Today (India)

According to GoodReturns, the benchmark rates on February 21, 2026 were:

For larger quantities:

Note: GST, TCS, and jeweller making charges are excluded as they vary by vendor.

City-Wise Gold Price in India February 21 (Per Gram)

Chennai traditionally quotes slightly higher due to local premiums.

Silver Price Today February 21: Strong Recovery

Silver also displayed strong recovery on February 21:

• ₹2,75,000 per kg (major rebound after previous consolidation)
  
• ₹275 per gram and ₹2,750 per 10 grams indicate renewed momentum.
  

Silver had earlier fallen to about ₹2,55,000 per kg mid-February before bouncing back, reflecting heightened safe-haven demand amid global uncertainties.

Global and Market Drivers Behind the Rally

The gold rally is being shaped by a combination of global factors:

Tariff Ruling Impact:
The US Supreme Court struck down broad tariff powers, creating uncertainty in trade policy and contributing to risk-averse positioning in safe havens.

Also Read: U.S. Supreme Court Strikes Down Trump’s Global Tariffs – And Washington’s Next Move Is Already Here

Geopolitical Tension:
Growing US-Iran tensions have intensified safe-haven demand for bullion, with gold seen as a hedge against geopolitical risk.

Currency and Fed Signals:
The Indian rupee weakened near ₹90.7 against the dollar, pushing import costs higher. Global data show slowing US growth alongside sticky inflation, prompting markets to price in possible Federal Reserve rate cuts. Analyst commentary suggests that softened real yields reinforce bullion’s appeal.

Also Read: Silver Price Today: Silver Eases Near ₹2.68 Lakh/kg After a Volatile Run — Should You Buy the Dip?

MCX & Comex Trends: Key Technical Signals

Domestic futures on the Multi Commodity Exchange (MCX) remained elevated, with prominent support and resistance levels:

• MCX gold holding above key technical support near ₹1,49,000 per 10 grams.
  
• Short-term resistance near ₹1,55,000–₹1,61,000 per 10 grams could spur further upside.
  
• Breakouts above these levels may open the path toward fresh highs.
  

Internationally, Comex gold prices climbed strongly, trading above $5,100 per ounce. Silver also saw upside momentum on global markets.

Why Investors Are Watching These Levels

Market sentiment has been shaped by:

• Safe-haven flows from geopolitical and policy uncertainty.
  
• Techical recovery patterns after sharp mid-month corrections.
  
• Retail and digital buying interests gaining pace in cities.
  
• Broader financial market volatility diverting flows into precious metals.
  

Analysts remain cautious but note that a sustained move above key resistance zones would signal broader structural strength rather than short-term rebound alone.

Investment Routes in Gold & Silver – What’s Open in 2026

Indian investors continue accessing precious metals through a variety of platforms:

• Digital gold apps (Google Pay, PhonePe, Paytm with MMTC-PAMP & SafeGold).
  
• Micro-savings options like Jar and OroPocket.
  
• Jewellery platforms such as Tanishq DigiGold, CaratLane & Candere.
  
• Market products including Gold ETFs, mutual funds, and sovereign bonds.
  

Gold remains a cornerstone safe-haven investment amid uncertainty, while silver’s rebound has attracted tactical allocation interest.

A Turning Point for Precious Metals Markets

February 21, 2026 marked another stride in gold’s 2026 narrative, with price momentum extending into a third session of gains amid tariff policy uncertainty, global tensions, and shifting macroeconomic expectations. Silver’s strong rebound toward ₹2.75 lakh per kg underscored renewed investor confidence after a steep mid-month correction.

As market participants eye key technical resistance levels and anticipate macroeconomic data, bullion markets are poised between consolidation and potential breakout phases that may define the near-term trajectory for precious metals pricing. 

FAQs on Gold Price in India February 21