Gold Rate in India Takes U-Turn! 24K Up Rs 2290; Will US GDP Data, Tariff Ruling Impact Rates? 20 Feb Outlook

Gold Rate in India: Gold prices across the country staged a sharp rebound on Thursday, February 19, with 24-karat, 22-karat and 18-karat rates moving higher in line with a broader upswing in the commodities market. The recovery in gold and silver prices comes amid persistent geopolitical tensions and fresh cues from the US Federal Reserve regarding its rate-cut trajectory.

As markets gear up for Friday's session, here's a look at how gold and silver prices may trend and the key factors likely to influence investor sentiment around the precious metals.

Investors across the globe will track the United States GDP data release for the fourth quarter of calendar year 2025, core PCE Price Index, and update on ruling on US President Donald Trump's tariffs. Additionally, the minutes of the Reserve Bank of India's Monetary Policy Committee Meeting, held in February, will be released on Friday. These events may impact the investors sentiment.

Gold Rate in India

The price of 24 karat gold in India jumped around Rs 229 per gram to Rs 15,649 per gram, as per Goodreturns data at 7 pm on Thursday, February 19. Which means, that per 10 gram of gold became costlier by Rs 2290 to Rs 1,54,690. The rate of 22 karat gold in India jumped by Rs 210 per gram to Rs 14,345 per gram. The rate of 18 karat gold in India surged by Rs 172 per gram to Rs 11,737 per gram.

Silver Rate in India

The rate of silver in India also saw a massive jump on Thursday, February 19. Silver rate in India increased to Rs 270 per gram and to Rs 2,70,000 per kilogram. Silver prices saw a sharp jump in January, only to reverse their gains with a massive crash by January-end and in the first half of February.

MCX Gold, Silver

MCX gold rate today for April contracts expiry touched an intraday high of Rs 157185.00 per 10 grams on Thursday, February 19. MCX silver rate today for March contracts expiry touched an intraday high of Rs 248596.00 per kilogram. The international gold rate today saw a sharp surge on Thursday with prices jumping above $5,000 per ounce on Thursday and extending gains from previous sessions, as per Trading Economics.

Gold, Silver Price Outlook

Gold and silver rates are likely to remain volatile during Friday's trading session as investors will wait for the US GDP data and details on Trump tariffs ruling. However, experts continue to remain bullish on gold price outlook and silver price outlook in the long-term.

"Global cues continue to drive sentiment, with mixed US macro data and Fed commentary keeping bullion volatile. Profit-booking after last year's strong rally is still visible, though downside is being cushioned by safe-haven demand and central bank buying. Overall, the current weakness is being seen as consolidation rather than a trend reversal. Investors are advised to stagger fresh positions and maintain disciplined risk management in choppy conditions," explained Gaurav Garg, Research Analyst at Lemonn Markets Desk.