Gold Rate Today (February 15, 2026): Yellow Metal Down Nearly Rs 24,500 From Peak; Check Prices Of 24K, 22K & 18K In Delhi, Mumbai, Chennai, Bangalore, Hyderabad & Other Major Cities

Gold has always held a special place in Indian households — not just as an investment, but as a symbol of security, culture, and prosperity. However, on February 15, 2026, the yellow metal is making headlines for a different reason. After reaching record-breaking highs earlier this year, gold prices have corrected sharply, falling by nearly Rs 24,500 from their peak levels.

This sudden shift has caught the attention of investors and jewellery buyers alike, many of whom are now watching daily price movements closely before making their next purchase. Let’s take a look at today’s gold rates across major Indian cities and explore what’s driving this decline.

Gold’s Fall From Record Highs

In late January 2026, gold touched historic levels, driven by global uncertainty, inflation concerns, and heavy safe-haven buying. At its peak, 24-carat gold crossed unprecedented price points, sparking both excitement and caution in the market.

Since then, prices have retreated significantly. As of today, gold is trading nearly Rs 24,500 lower per 10 grams than its recent peak. This drop is largely attributed to profit-booking by investors, easing global tensions, and softer demand in domestic markets.

Market analysts note that such corrections are common after steep rallies. Gold often experiences pullbacks as traders lock in gains and reassess future price directions.

Today’s Gold Prices in Major Indian Cities

Here are the approximate gold rates on February 15, 2026 for 24K, 22K, and 18K purity in key Indian markets:

Delhi

24K: ₹15,790 per gram

22K: ₹14,475 per gram

18K: ₹11,846 per gram

Mumbai

24K: ₹15,775 per gram

22K: ₹14,460 per gram

18K: ₹11,831 per gram

Chennai

24K: ₹15,884 per gram

22K: ₹14,560 per gram

18K: ₹12,450 per gram

Bangalore

24K: ₹15,775 per gram

22K: ₹14,460 per gram

18K: ₹11,831 per gram

Hyderabad

24K: ₹15,775 per gram

22K: ₹14,460 per gram

18K: ₹11,831 per gram

Kolkata

24K: ₹15,775 per gram

22K: ₹14,460 per gram

18K: ₹11,831 per gram

(Note: Prices may vary slightly depending on jewellers and exclude GST, TCS, and making charges.)

Why Are Gold Prices Falling?

Several factors are contributing to gold’s decline from its peak:

1. Profit-Booking by Investors

After gold surged to record levels, many investors chose to sell and lock in profits. This natural market behavior creates selling pressure and leads to short-term price corrections.

2. Global Market Stability

Gold usually rises during times of uncertainty. Recently, some global financial indicators have shown relative stability, reducing the urgency for safe-haven investments like gold.

3. Weak Jewellery Demand

High prices in recent months discouraged retail buyers. With wedding and festive demand slowing, jewellers have reported softer sales, which has impacted domestic prices.

Regional Price Differences

Gold prices are not identical across India. Cities like Chennai traditionally show slightly higher rates due to local demand and historical trading patterns. Meanwhile, metros such as Mumbai, Delhi, and Bangalore generally follow national averages.

These differences may look minor on paper, but when purchasing larger quantities of gold, even small price changes can significantly affect the total cost.

What This Means for Buyers

For jewellery buyers, the current dip may offer a window of opportunity. Purchasing gold when prices are below recent peaks can feel more affordable, especially for weddings and long-term savings.

However, buyers should remember:

Making charges can range from 5% to 20%

GST (3%) and TCS may apply

Prices change daily based on global markets

It’s wise to compare rates from multiple jewellers and confirm purity through hallmark certification.

What This Means for Investors

For investors, gold remains a long-term hedge against inflation and economic uncertainty. Short-term fluctuations are part of the market cycle.

Those investing in gold ETFs, digital gold, or physical bullion should track:

Global interest rate trends

Currency movements

Central bank buying activity

Geopolitical developments

Many experts believe gold may stabilize or rebound if uncertainty rises again later in the year.

Looking Ahead: Will Gold Rise Again?

Despite the current fall, gold continues to hold its reputation as a safe asset. Historically, periods of correction have often been followed by renewed upward momentum when economic conditions shift.

With inflation concerns, geopolitical risks, and currency volatility still present worldwide, gold is unlikely to lose its importance anytime soon. For long-term holders, today’s dip may be seen as a temporary pause rather than a permanent decline.

Final Thoughts

Gold prices on February 15, 2026, show a notable retreat from their record highs, down nearly Rs 24,500 from peak levels. While this has surprised many, it reflects normal market dynamics driven by profit-taking, easing demand, and global financial signals.

Whether you’re a jewellery buyer or an investor, staying informed about daily rates and market trends is essential. In the world of gold, patience and timing often make all the difference.

As always, the yellow metal continues to shine — even when its price temporarily dims.