Gold Prices in India Today Continue to Rally, Feb-18: 22K/100g Gold Rises by Rs.3,000; Check Latest Gold Rates

Gold prices in India rallied for the second consecutive day this week, with gold rates surging by over Rs.8,000 per 100 grams of the yellow metal. The rise in gold prices in India is being supported by a bullish market sentiment as investors and buyers anticipate potential impacts from the ongoing trade tensions in the U.S. The market is currently being fueled by fears induced by Donald Trump's tariff impositions, which have led investors to flock to gold as a safe-haven asset.

Gold Rates In India Today

On 19th February 2025, 22-carat gold rates in India surged by Rs 300 per 10 grams to cost Rs. 79,700, while the 24-carat gold rates jumped by Rs. 330 to retail at Rs. 86,950 per 10 grams.

For heavy weight quantities, 100 grams of 24-carat gold rates in india are now priced at Rs. 869,500 after witnessing the surge of Rs. 3300, while the 22-carat gold prices rose by Rs. 3000 to cost Rs. 797,000. Just like that, 18-carat gold rates in India also experienced this rise, which made the yellow metal jump by Rs. 2,400 per 100 grams to retail at Rs. 6,52,100.

Silver rates in India today

Silver prices in India on 19th February are maintaining stability for the fourth 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.

MCX Gold and Silver Futures Trading Near Key Levels

Gold prices on the MCX (Multi Commodity Exchange) are currently hovering near the Rs.85,000 mark, with Gold futures due to mature on April 4, 2025, rising by 0.36% to Rs.85,243. This increase in gold prices is due to growing investor interest amid market volatility.
Silver futures, with an expiration date of March 5, 2025, also saw an uptick this morning, trading 0.27% higher at Rs. 95,836.

International Spot Gold Prices and Silver Prices Update

Gold prices on the international front are gaining massively as the market is now dependent on any major cues regarding the Trumps's trade tariff imposition.

According to Reuters, Spot Gold increased by 0.2%, reaching USD 2,903.56 as of 03:01 GMT. U.S. gold futures rose by 0.6%, trading at USD 2,916.80. In contrast, Spot Silver declined by 1.5%, settling at USD 32.30 per ounce.

Market Experts on Gold Prices in India Outlook

According to a research report from ICICI Direct, "Spot gold prices recovered some ground after a sharp fall on Friday amid softness in the dollar and safe haven demand. Meanwhile traders remained watchful as focus shifted to Ukraine peace talks ."

Regarding Gold's outlook, the report further stated that, "Gold is expected to hold the key support near $2877 and move higher towards $2910 amid increasing safe haven demand. Uncertainty over the reciprocal tariffs on trading partner countries is likely to hurt sentiments and reinforce bullion's appeal as a safe haven asset. Meanwhile, investors will watch the comments from Fed members to get more clarity on the timing of the interest rate cut. On the daily charts, spot gold has formed a bearish engulfing pattern, which could restrict its upside. Further, the addition of OI in OTM call strikes near 2925 suggests prices will face resistance near $2925."