On February 20, 2026, the Indian bullion market witnessed a decline in gold prices, with the latest rates indicating that the pure 24-carat gold is still priced over ₹154,000 per 10 grams. The India Bullion and Jewellers Association (IBJA) reported that the price for 22-carat gold fell from ₹154,570 to ₹154,438 per 10 grams on Friday.

Contrastingly, the price of silver has surged, reaching over ₹2,45,000 per kilogram. This notable increase highlights the differing trends in the precious metals market, where the drop in gold prices stands out amidst rising silver rates. It’s essential to note that the prices published by IBJA are the standard in India but do not include GST, meaning that retail prices for jewelry will be higher due to additional taxes.

As consumers and investors keep an eye on market fluctuations, the changes in these rates will impact purchasing decisions. The fluctuations in costs underscore the inherent volatility of precious metals, which are often influenced by global economic conditions, currency values, and supply and demand dynamics in the market.