Gold Today Rate, February 20, 2026: Check 18, 22 & 24 Carat Gold Prices in Chennai, Mumbai, Delhi, Kolkata and Other Indian Cities!

Gold continues to remain one of the most valuable and closely tracked commodities in India. Whether for jewellery, investment, weddings, or long-term wealth preservation, gold plays a central role in Indian households. On February 20, 2026, gold prices across major Indian cities have shown slight fluctuations influenced by international market trends, currency movements, and domestic demand patterns.

In this detailed article, we bring you the latest 18K, 22K, and 24K gold rates across key cities such as Chennai, Mumbai, Delhi, Kolkata, Bengaluru, Hyderabad, and more. We also explain what affects gold prices, how to interpret daily rate changes, and what buyers and investors should consider before purchasing.

Understanding Gold Purity: 18K, 22K and 24K Explained

Before checking today’s gold prices, it is important to understand the difference between the various gold purity levels.

24 Carat Gold (24K)

24K gold is considered the purest form of gold, containing approximately 99.9% pure gold. It is soft and not generally used for intricate jewellery because of its malleability. Instead, it is mainly used for:

• Gold coins

• Gold bars

• Investment purposes

• Digital gold

Since it contains the highest gold content, it commands the highest price per gram.

22 Carat Gold (22K)

22K gold contains about 91.6% pure gold, with the remaining percentage made up of metals like silver, zinc, or copper to enhance durability. It is the most popular choice for traditional Indian jewellery. Most bridal ornaments and temple jewellery are crafted in 22K gold.

18 Carat Gold (18K)

18K gold consists of 75% pure gold and 25% alloy metals. It is stronger and more durable than 22K gold and is commonly used in:

• Designer jewellery

• Diamond-studded ornaments

• Modern and lightweight pieces

Because it contains less gold, it is comparatively more affordable.

Gold Price Today – February 20, 2026 (Per Gram)

Here are the approximate gold rates in major Indian cities as of February 20, 2026:

Chennai

• 24K Gold – ₹15,730 per gram

• 22K Gold – ₹14,420 per gram

• 18K Gold – ₹12,350 per gram

Chennai traditionally records slightly higher gold prices due to strong local demand and high jewellery consumption.

Mumbai

• 24K Gold – ₹15,620 per gram

• 22K Gold – ₹14,320 per gram

• 18K Gold – ₹11,720 per gram

Mumbai rates are usually aligned closely with national averages since it is a major trading hub.

Delhi

• 24K Gold – ₹15,665 per gram

• 22K Gold – ₹14,360 per gram

• 18K Gold – ₹11,755 per gram

Gold prices in Delhi often show minor variations due to regional taxation and local demand.

Kolkata

• 24K Gold – ₹15,620 per gram

• 22K Gold – ₹14,320 per gram

• 18K Gold – ₹11,720 per gram

Kolkata prices generally follow trends similar to Mumbai.

Bengaluru

• 24K Gold – ₹15,620 per gram

• 22K Gold – ₹14,320 per gram

• 18K Gold – ₹11,720 per gram

Bengaluru’s rates are influenced by consistent jewellery demand and investment purchases.

Hyderabad

• 24K Gold – ₹15,640 per gram

• 22K Gold – ₹14,340 per gram

• 18K Gold – ₹11,740 per gram

Hyderabad remains one of the top gold-consuming cities in India, particularly during wedding seasons.

What Influences Gold Prices in India?

Gold prices change daily due to several domestic and international factors. Let’s understand the main drivers.

1. International Gold Rates

Gold is traded globally in US dollars per ounce. When global prices rise due to inflation fears or economic uncertainty, Indian gold prices also increase.

2. Dollar to Rupee Exchange Rate

Since India imports most of its gold, currency fluctuations directly affect domestic prices. A weaker rupee makes gold more expensive.

3. Demand and Supply

High demand during wedding seasons and festivals like Akshaya Tritiya and Diwali pushes prices upward.

4. Inflation and Interest Rates

Gold is considered a hedge against inflation. When inflation rises or interest rates fall, investors turn toward gold.

5. Geopolitical Uncertainty

During global conflicts, economic slowdowns, or stock market instability, gold is seen as a safe-haven asset.

Gold Investment Options in 2026

Apart from buying jewellery, investors today have multiple options:

• Physical gold (coins and bars)

• Gold ETFs

• Sovereign Gold Bonds (SGBs)

• Digital gold platforms

Each option has its pros and cons. For pure investment purposes, coins and bonds are generally better than jewellery because jewellery includes making charges.

Should You Buy Gold Now?

On February 20, 2026, gold prices appear relatively stable compared to recent fluctuations. Whether to buy depends on your purpose:

For Jewellery Buyers:

If you have upcoming weddings or festivals, moderate price levels may make this a reasonable time to purchase.

For Investors:

Long-term investors can consider accumulating gold gradually rather than making lump-sum purchases.

How to Calculate Final Gold Jewellery Price

When buying gold jewellery, the final price includes:

• Gold rate per gram

• Weight of the jewellery

• Making charges (usually 5%–20%)

• GST (3%)

For example:
If 22K gold is ₹14,320 per gram and you buy a 20-gram chain:

14,320 × 20 = ₹2,86,400
Add making charges and GST accordingly.

Always ask for a detailed bill breakdown.

Tips for Smart Gold Buying

1. Check hallmark certification (BIS hallmark).

2. Compare rates from multiple jewellers.

3. Monitor daily price changes.

4. Avoid impulsive buying during peak demand.

5. Consider digital gold for small investments.

Gold Price Trend in February 2026

So far in February 2026, gold has shown moderate volatility. Prices witnessed minor corrections earlier in the month due to profit booking in global markets. However, steady demand and international economic uncertainty have supported price stability.

Experts believe that gold may remain range-bound in the short term, with possible upward movement if global inflation concerns continue.

Why Gold Remains a Preferred Asset in India

Gold is deeply rooted in Indian culture and finance. It is:

• A symbol of wealth and prosperity

• A hedge against economic uncertainty

• A secure long-term investment

• A traditional wedding necessity

Even as financial markets evolve, gold continues to maintain its importance across generations.

Summary of Gold Rates – February 20, 2026

Gold prices today show minor variations across cities but remain broadly stable. Here’s a quick overview:

• 24K Gold: Around ₹15,620–₹15,730 per gram

• 22K Gold: Around ₹14,320–₹14,420 per gram

• 18K Gold: Around ₹11,720–₹12,350 per gram

Prices may vary slightly depending on local jewellers, making charges, and tax structures.

Final Thoughts

Gold remains one of the most trusted and stable assets in India. On February 20, 2026, prices are showing moderate consistency with slight regional variations. Whether you are a jewellery buyer preparing for a wedding or an investor diversifying your portfolio, staying informed about daily gold rates is essential.

Monitoring market trends, understanding purity levels, and calculating total costs carefully will help you make better purchasing decisions.