Gold Rates Today Rally After Rs 42,600 Crash Of 2 Days; Gold Jumps In Hyderabad, Chennai ; 24K, 22K, 18K Gold

Gold rates in India surged significantly on February 14 after crashing for two consecutive days. In cities like Hyderabad, gold rates rallied the most with an upside of a whopping Rs 19,700 in 100 grams and Rs 1,970 in 10 grams in 24 carat. Meanwhile, gold climbed by Rs 17,500 in 100 grams and Rs 1,750 in 10 grams in Chennai. Notably, from February 12th to 13th, gold crashed the most in Chennai to the tune of Rs 42,600 per 100 grams and Rs 4,260 per 10 grams.

Gold Rates In India:

Gold rates climbed on the occasion on Valentine's Day where gifting precious metals to loved ones is huge in demand. Gold rates in cities like Delhi, Hyderabad, Kerala, Kolkata, Bengaluru, Mumbai and Ahmedabad is nearing Rs 1.58 lakh mark. But in Chennai, 10 grams gold of 24 carat is nearing Rs 1.59 lakh mark, making it expensive than other cities.

Also, gold prices surged after international gold prices rallied. Spot gold surged to above $5,030 per ounce level driven by softer-than-expected inflation pressure.

What Is Impacting Gold Prices?

The US inflation rate slowed to 2.4% in January 2026, which is below market expectations of 2.5%. This stirs of hope for a dovish stance from US Federal Reserve in the upcoming policy. Earlier this week, bullion witnessed selloffs due to stronger-than-expected jobs data pushed rate cut expectations to July from June.

According to Lemonn Markets Desk, Gold and silver in 2026 are witnessing a volatile corrective phase after last year's sharp rally, though the broader multi-year bullish trend remains intact. MCX gold is consolidating around Rs 1.55-1.58 lakh per 10g, while silver has shown sharp two-way moves near Rs 2.41 lakh/kg despite being below earlier peaks.

The expert added that global prices remain significantly higher year-on-year, highlighting the strength of the prior bull run. Volatility is being driven by a stronger US dollar, shifting Fed rate-cut expectations, macro data surprises, and heavy profit-booking.

Gold Rates In Chennai:

24 carat gold prices climbed by Rs 1,750 to Rs 1,58,840 per 10 grams, but surged the most by Rs 17,500 in 100 grams to Rs 15,88,400. Also, 8 grams and 1 gram gold rates soared by Rs 1,400 and Rs 175 to Rs 1,27,072 and Rs 15,884 respectively.

In the previous session, 100 grams gold of 24 carat dropped by Rs 21,900 and was down by Rs 20,700 on February 12th. Hence, in the previous two days, gold has plunged steeply by Rs 42,600 per 100 grams and dropped by Rs 4,260 per 10 grams of 24 carat.

Furthermore, on February 14, 22 carat gold rates in the city soared by Rs 1,600 to Rs 1,45,600 per 10 grams, while 100 grams gold rates jumped by Rs 16,000 to Rs 14,56,000. Also, 8 grams gold rose by Rs 1,280 to Rs 1,16,480 and 1 gram gold edged higher by Rs 160 to Rs 14,560.

Under the 18 carat gold, 10 grams is available at Rs 1,24,500 which is up by Rs 500 on February 14. Meanwhile, 100 grams gold price soared by Rs 5,000 to Rs 12,45,000, 8 grams is higher by Rs 400 to Rs 99,600 and 1 gram gold is up by Rs 50 to Rs 12,450.

Gold Rates In Hyderabad:

In Hyderabad, the price of 24 carat gold climbed by Rs 1,970 in 10 grams to Rs 1,57,750, soared by Rs 19,700 to Rs 15,77,500 per 100 grams, was higher by Rs 1,576 to Rs 1,26,200 per 8 grams, and edged up by Rs 197 to Rs 15,775 per 1 gram.

Just like Chennai, gold prices had fallen in the previous two days in Hyderabad too. The 100 grams gold of 24 carat plunged by Rs 26,200 on February 13 and was down by Rs 12,000 on February 12. In these days, 100 grams nosedived by Rs 38,200.

Also, 22 carat gold price jumped by Rs 1,800 in 10 grams to Rs 1,44,600, climbed by Rs 18,000 in 100 grams to Rs 1,446,000, and rose by Rs 1,440 in 8 grams to Rs 1,15,680. The cheapest gold is up by Rs 180 in 1 gram to Rs 14,460.

Moreover, 18 carat gold rallied by Rs 1,470 to Rs 1,18,310 per 10 grams, advanced by Rs 14,700 in 100 grams to Rs 11,83,100. Also, 8 grams gold here surged by Rs 1,176 to Rs 94,648 and 1 gram gold is up by Rs 147 to Rs 11,831.

Gold Rates In India Prediction:

According to Hareesh V, Head of Commodity Research, Geojit Investments, gold prices have turned choppy following their sharp swings in early 2026, but the broader structure still appears constructive.

Recent volatility was driven by shifts in Fed expectations, dollar strength, and speculative flows, yet gold continues to hold above key psychological levels near $5,000, keeping the medium‑term bias intact. Most institutional forecasts also support a positive long‑term narrative for 2026, underpinned by strong central‑bank buying, geopolitical uncertainty, and a softer dollar outlook.

In the near term, Geojit expert believes that trading may remain two‑way as markets digest US policy signals and risk events. However, dips are likely to attract buyers, supported by resilient safe‑haven demand and slowing real yields. Overall, while short‑term consolidation or pullbacks are possible, the long‑term trajectory remains upward, not indicative of a major correction.

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