In the past few days, continuous fluctuations have been seen in gold and silver prices in the bullion market. On 18 February, prices of both precious metals showed a downward trend, bringing some relief to buyers. This decline is considered beneficial, especially during the ongoing wedding season in India.
Global economic signals, a stronger US dollar and signs of easing geopolitical tensions are among the key factors influencing precious metal prices.
Latest Gold Price (18 February 2026)
In India, the average price of 24-carat gold is currently around ₹1.54 lakh per 10 grams.
Gold Rates in Major Cities (Per 10 Grams)
Delhi
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24 Carat: ₹1,54,350
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22 Carat: ₹1,41,500
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18 Carat: ₹1,15,800
Mumbai
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24 Carat: ₹1,54,200
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22 Carat: ₹1,41,350
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18 Carat: ₹1,15,650
Chennai
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24 Carat: ₹1,55,240
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22 Carat: ₹1,42,300
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18 Carat: ₹1,21,800
Kolkata
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24 Carat: ₹1,54,200
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22 Carat: ₹1,41,350
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18 Carat: ₹1,15,650
Ahmedabad
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24 Carat: ₹1,54,250
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22 Carat: ₹1,41,400
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18 Carat: ₹1,15,700
Lucknow
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24 Carat: ₹1,54,350
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22 Carat: ₹1,41,500
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18 Carat: ₹1,15,800
Patna
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24 Carat: ₹1,54,250
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22 Carat: ₹1,41,400
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18 Carat: ₹1,15,700
Hyderabad
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24 Carat: ₹1,54,200
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22 Carat: ₹1,41,350
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18 Carat: ₹1,15,650
Silver Price Today
Silver prices have also declined in major cities. In many places, silver is trading around ₹2,550 to ₹2,600 per 10 grams.
Reasons Behind the Price Drop
Main factors include:
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Strong US Dollar
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Reduced Global Tensions
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Changing Investor Sentiment
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Demand and Supply Balance in Market
These factors often reduce demand for safe-haven assets like gold and silver.
Why Gold and Silver Demand Rises During Wedding Season?
In India, gold and silver are not just investment assets but are also deeply connected to tradition, culture and emotions. Buying these metals during weddings and festivals is considered auspicious. Price drops during this time bring relief to buyers.
Market volatility is still continuing. The price drop may provide a good buying opportunity, but it is important to understand market trends and global economic signals before making investment decisions.