Gold Bounces Back! Bullion Rebounds After Sharp Dip While Silver Tests Monthly Lows
NEW DELHI / MUMBAI – The precious metals market witnessed a dramatic tug-of-war today, February 15, 2026. After a volatile week that saw significant profit-booking, gold prices staged a resilient recovery across major Indian cities, while silver continued to face "relentless selling," sliding back toward its lowest levels of the month.
Gold Price Today: The Great Rebound
Following a steep correction in previous sessions, gold prices climbed by approximately 1.2% today. The yellow metal recovered nearly 75% of the losses suffered just 24 hours ago, signaling strong underlying demand despite global economic jitters.
24K Gold: Rebounded to ₹15,790 per gram (up by ₹197 from yesterday).
22K Gold: Trading at ₹14,475 per gram, recovering its position for jewelry buyers.
18K Gold: Priced at ₹11,846 per gram.
Silver Price Today: The Crash Continues
While gold found its footing, the "white metal" faced a different fate. Silver prices crashed by ₹5,000 per kilogram today, bringing the total decline for February 2026 to a staggering 21.43% from its monthly peak.
Silver Rate: Dropped to ₹2.75 Lakh per kg (down from yesterday's ₹2.80 Lakh).
Retail Rate: Currently at ₹275 per gram.
Investors are reportedly liquidating silver holdings to cover losses in other sectors, following the extraordinary 47% rally seen in January.
City-Wise Snapshots (24K Gold per 10g)
Chennai: ₹1,59,200 (Maintaining a slight southern premium)
Delhi/Mumbai/Kolkata: ₹1,57,900
Chandigarh: ₹1,57,860
Ahmedabad: ₹1,57,950
Expert Outlook: Will the Rally Last?
Market analysts suggest that gold’s ability to stay above the ₹1,57,000 mark (per 10g) is a bullish signal. However, silver remains in a "testing phase," with support levels at ₹2.75 lakh being vital to prevent further freefall.
Pro Tip: These rates exclude GST, TCS, and making charges. Always check with your local jeweler for the final "on-the-counter" price.
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