Gold-Silver Rate Today: After holding steady for a day, gold prices in India edged lower on February 19, tracking weakness in the broader bullion market. Silver also continued its losing streak for the fourth straight session, reflecting pressure from a stronger US dollar and easing geopolitical concerns.

Why Gold and Silver Are Under Pressure

Market sentiment turned cautious as the dollar strengthened, making precious metals more expensive for overseas buyers. Reduced safe-haven demand amid signs of cooling geopolitical tensions also weighed on bullion prices.

Prior to the latest dip, gold had already seen a sharp correction on February 18, when prices in Delhi dropped by ₹3,550 per 10 grams for 24-carat gold and ₹3,250 for 22-carat gold. On February 19, the decline was milder, with both categories slipping by about ₹10 per 10 grams.

Meanwhile, silver prices have fallen for four consecutive days, with the metal becoming cheaper by nearly ₹20,100 per kilogram during this period.

City-wise Gold Prices in India (Feb 19)

Here are the latest retail rates for 10 grams of gold across major cities:

City 24K Gold 22K Gold 18K Gold

Delhi	₹1,54,340	₹1,41,490	₹1,15,790
Mumbai	₹1,54,190	₹1,41,340	₹1,15,640
Kolkata	₹1,54,190	₹1,41,340	₹1,15,640
Chennai	₹1,55,230	₹1,42,290	₹1,21,790
Bengaluru	₹1,54,190	₹1,41,340	₹1,15,640
Hyderabad	₹1,54,190	₹1,41,340	₹1,15,640
Lucknow	₹1,54,340	₹1,41,490	₹1,15,790
Patna	₹1,54,240	₹1,41,390	₹1,15,690
Jaipur	₹1,54,340	₹1,41,490	₹1,15,790
Ahmedabad	₹1,54,240	₹1,41,390	₹1,15,690

Note: Prices may vary slightly by jeweller due to making charges and local taxes.

Silver Price Today

Silver prices also weakened further after a brief pause earlier. In Delhi, silver is currently trading at around ₹2,54,900 per kilogram, down ₹100 today. The same rate prevails in Mumbai and Kolkata.

Chennai continues to quote the highest silver price among major metros at ₹2,59,900 per kilogram.

Key Triggers Investors Are Watching

Analysts say profit booking in precious metals remains a major factor behind the recent softness. At the same time, global markets are closely monitoring upcoming US macroeconomic data, particularly:

• Personal Consumption Expenditure (PCE) inflation data




• Minutes of the Federal Open Market Committee (Federal Open Market Committee) meeting




• Commentary from officials of the Federal Reserve

Uncertainty around the US interest rate trajectory has kept bullion prices range-bound in the near term.

Expert Outlook: More Consolidation Likely

According to JM Financial Services Vice President (EBG – Commodity & Currency Research) Pranav Mer, gold and silver may witness further consolidation in the short term.

He noted that markets are awaiting fresh cues from US GDP data, PCE inflation figures, and policy signals from the Federal Reserve. The lack of clear directional triggers has left traders divided, resulting in sideways movement in bullion.

What Should Investors Do?

With volatility expected to persist, experts recommend a cautious and disciplined approach:

• Avoid aggressive short-term bets




• Track global macro data closely




• Consider staggered buying instead of lump-sum positions




• Focus on long-term allocation rather than daily price moves

Bottom Line: Gold and silver prices have softened again after a brief pause, and near-term consolidation appears likely. Investors should stay alert to global cues—especially US interest rate signals—before taking fresh positions in bullion.