NEW DELHI, Feb. 23 , 2026
Gold prices in India opened slightly lower on Monday, marking a modest dip at the start of the week even as the precious metal maintained strong gains over the past seven days.
In the national capital, 24-karat gold was priced at ₹159,420 per 10 grams, while in Mumbai it stood at ₹159,270 per 10 grams. Despite the marginal decline, gold has posted firm weekly gains, with 24-karat gold rising approximately ₹1,530 and 22-karat gold increasing nearly ₹1,400 over the past week.
Silver prices also softened in the domestic market on Monday morning, falling to ₹274,900 per kilogram.
Global Markets Support Bullion Rally
Internationally, gold continued its upward trajectory. Spot gold traded at $5,027.13 per ounce, while gold futures on Comex rose 1.94% to reach $5,179 per ounce. Silver recorded a notable surge of 5.42% in global markets, climbing to $86.805 per ounce.
Analysts attribute the sustained rally in precious metals to rising global economic uncertainty and heightened investor preference for safe-haven assets.
Trade Tensions and Geopolitics Drive Demand
Market experts point to renewed global trade tensions following tariff measures announced by U.S. President Donald Trump, along with ongoing geopolitical instability in West Asia, as key factors supporting gold and silver demand.
With investors increasingly adopting a risk-averse strategy, bullion markets may continue to see upward momentum this week. Retail and institutional investors alike are closely watching whether gold will test new record highs or experience short-term volatility.
