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Gold, Silver price today: Gold and silver prices extended gains on Thursday, February 26, supported by safe-haven demand, as attention turns to the third round of US-Iran talks scheduled later in the day.
As of 6:35 a.m., gold prices in the international market were up 0.5 per cent, or USD 28.1, trading at USD 5,192.18. Silver prices mirrored a similar trend, rising 1 per cent to trade slightly above the USD 90 level. However, at the time of writing this report, gold and silver prices were not trading on the Multi-Commodity Exchange (MCX). (Gold, Silver Rate Today)
"The ongoing scenario, including US-Iran talks and ETF inflows, suggests safe-haven buying," said Manav Modi from Motilal Oswal, speaking to ET Now Swadesh.
Geopolitical tensions support gold, silver
Recent geopolitical developments have added uncertainty to global markets. The Trump administration's decision to impose a 126 per cent tariff on Indian solar products, coupled with the US President's announcement of a 15 per cent tariff hike, has heightened global risk concerns.
Gold is widely regarded as a safe-haven asset, preserving value during times of economic uncertainty and market volatility.
Dollar weakness boosts precious metals
A weaker dollar generally makes gold and silver more attractive to foreign buyers. The dollar, measured against a basket of currencies, was hovering near its lowest level since February 23.
Investors are also keeping a close watch on the US-Iran talks, as well as US Initial Jobless Claims data. Traders will look ahead to Core PPI data due on Friday.
Potential challenges for gold and silver
Analysts have noted that expectations of a Federal Reserve rate cut could act as a key hurdle for both gold and silver prices.
Silver Outlook
On the positive side, silver may rally toward USD 94.50 over the next 4–6 weeks, according to Kedia Stocks and Commodities.
BofA also suggested that silver could rise above USD 100 per ounce later this year, Reuters reported.
Gold Rates in Delhi, Mumbai, Chennai and others (City-wise gold prices)
| City Name | Price/10g (24 carat) |
| Delhi | 162050 |
| Mumbai | 161900 |
| Kolkata | 161900 |
| Chennai | 162890 |
| Patna | 161950 |
| Lucknow | 162050 |
| Kanpur | 162050 |
| Meerut | 162050 |
| Noida | 162050 |
| Gurugram | 162050 |
Gold prices (24-carat) show minor city-wise variations, peaking in Chennai at Rs 1,62,890/10g, while Delhi, Lucknow, Kanpur, Meerut, Noida, and Gurugram hover around Rs 1.62,050, reflecting stable regional trends.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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