Gold prices in India witnessed another significant leap today, extending their ongoing rally. Over the past three days, gold rates have surged by more than Rs. 15,800 per 100 grams due to growing demand for the precious metal. Currently, 22-karat gold has crossed the Rs.80,000 mark per 10 grams, hitting a new high.

With the equity markets experiencing sharp declines and facing heavy sell-offs, investors are increasingly turning to gold as a safe-haven asset to protect their wealth. The market is also closely watching an upcoming major announcement from the U.S. regarding the ongoing trade tensions between the U.S., Mexico, and China, which can further impact global economic sentiment.

Gold rates In India today

24-carat gold rates in India, on Feb 19, soared by Rs. 700 per 10 grams to cost Rs. 87,650. While the 22-carat gold rates jumped by Rs. 650 to retail at Rs. 80,350 per 10 grams. Similarly, 18-carat gold rates in India spiked by Rs. 530 to cost Rs. 65,740 per 10 grams.

In a similar line, the 100 grams of 22-carat gold rallied Rs. 6500 to stand at Rs. 8,03,500. While the 24-carat gold prices in India per 100 grams spiked to Rs. 7000, which is now retailing at Rs. 876,500.

Silver rates in India today

Silver prices in India on 19th February are maintaining stability for the 5th consecutive session. Silver rates in India today per kilogram cost Rs. 1,00,500 per kg. The price of 100 grams of silver was Rs. 10,050.

Gold Rates on MCX

Gold prices on the MCX (Multi Commodity Exchange) today slipped slightly after multiple days of gains. Gold futures due to mature on April 4, 2025, dropped by 0.10% to Rs.86,027.

Silver futures, with an expiration date of March 5, 2025, also saw a drop this morning, trading 0.13% lower than the previous close at Rs. 96,725.

Spot Gold and Silver Prices Update

According to Reuters, "spot gold declined by 0.2%, trading at USD 2,928.52 per ounce as of 03:38 GMT. Meanwhile, U.S. gold futures edged down 0.1% to $2,945.90. Spot silver also saw a decline, slipping 0.9% to $32.57 per ounce."

Additionally the Reuters report said that, " Gold prices fell on Wednesday due to profit-taking, following their recent record highs. Investors are now closely monitoring developments in peace talks, as President Donald Trump has agreed to further discussions with Russia to negotiate an end to the war in Ukraine."

Market Experts on Gold Prices in India Outlook

According to a research report by India Bullion and Jewelers Association Ltd, "Gold gained on Tuesday as Goldman Sachs Group Inc. said prices would climb to $3,100 an ounce by year-end, while suggesting that mounting concerns over tariffs could push them even higher. Bullion traded above $2,900 after rising for a second day on haven demand, amid tensions between the US and European Union. Bloomberg News reported that the US administration has asked European nations to spell out what security guarantees they're willing to provide Ukraine as part of a peace settlement. The move followed Trump's push to begin talks with Russia's Vladimir Putin."

The report further emphasized, "Investors are also waiting for further insight into Trump's reciprocal-tariff plans, a complex effort that may take months. His trade policies have become increasingly muddled due to delays and exclusions, with concerns about the impact on the global economy aiding bullion's role as a store of value. "If elevated policy uncertainty-including tariff fears-persists, speculative positioning could push gold prices as high as $3,300 an ounce by year-end," Goldman analysts Lina Thomas and Daan Struyven said in a note. Monetary policy was also in focus. Federal Reserve Governor Christopher Waller said recent data supported keeping interest rates on hold in remarks he's scheduled to deliver Tuesday in Sydney. On Monday, Fed Bank of Philadelphia President Patrick Harker said policy was well positioned as officials waited for more progress on inflation. Lower borrowing costs tend to benefit gold."