Gold Rates Skyrocket Again, Rs 50,800/100 Grams Jump In 3 Days; What Is Impacting 24K, 22K, 18K Gold On Feb-21

Gold rates in India skyrocketed sharply on February 21 after global cues ended on a bullish note. 24 carat gold price has neared Rs 1.60 lakh in 10 grams. While 100 grams gold price skyrocketed by a whopping Rs 19,100 on Saturday. But gold has been rising for three consecutive day now. 10 grams gold price has zoomed by Rs 5,080 from February 19th to February 21st, while 100 grams gold jumped impressively by Rs 50,800. That being said, what is impacting 24 carat, 22 carat, and 18 carat gold prices in India?

Gold Rates In India:

10 grams gold price rose by Rs 1,910 in 24 carat to Rs 1,59,280, while the price jumped by Rs 1,750 to Rs 1,46,00, and was up by Rs 1,430 to Rs 1,19,460 in 18 carat.

Meanwhile, 100 grams gold price skyrocketed by Rs 19,100 to Rs 15,92,800 in 24 carat, jumped by Rs 17,500 in 22 carat to Rs 14,60,000 and climbed by Rs 14,300 to Rs 11,94,600 in 18 carat.

But prior to surging by Rs 19,100 in 24 carat, 100 grams gold price has zoomed by Rs 8,800 on February 20th and recorded a massive surge of Rs 22,900 on February 19th.

Gold Rates In Top Cities:

These are gold rates city-wise in 1 gram.

City	24K Today	22K Today	18K Today
Chennai	₹16,015	₹14,680	₹12,560
Mumbai	₹15,928	₹14,600	₹11,946
Delhi	₹15,943	₹14,615	₹11,961
Kolkata	₹15,928	₹14,600	₹11,946
Bangalore	₹15,928	₹14,600	₹11,946
Hyderabad	₹15,928	₹14,600	₹11,946
Kerala	₹15,928	₹14,600	₹11,946
Pune	₹15,928	₹14,600	₹11,946
Vadodara	₹15,933	₹14,605	₹11,951
Ahmedabad	₹15,933	₹14,605	₹11,951

Gold Rates In India Performance In 10 Days:

Although gold rates saw significant upside for three days straight, its broader performance is bearish in the past 10 days. 100 grams gold rates fell on February 17, 16, 13 and 12. The decline was steeper and intensive.

Date	24K Gold Price	Change (24K)	22K Gold Price	Change (22K)
Feb 21, 2026	₹15,928	📈 (+191)	₹14,600	📈 (+175)
Feb 20, 2026	₹15,737	📈 (+88)	₹14,425	📈 (+80)
Feb 19, 2026	₹15,649	📈 (+229)	₹14,345	📈 (+210)
Feb 18, 2026	₹15,420	➖ (0)	₹14,135	➖ (0)
Feb 17, 2026	₹15,420	📉 (-224)	₹14,135	📉 (-205)
Feb 16, 2026	₹15,644	📉 (-131)	₹14,340	📉 (-120)
Feb 15, 2026	₹15,775	➖ (0)	₹14,460	➖ (0)
Feb 14, 2026	₹15,775	📈 (+197)	₹14,460	📈 (+180)
Feb 13, 2026	₹15,578	📉 (-262)	₹14,280	📉 (-240)
Feb 12, 2026	₹15,840	📉 (-120)	₹14,520	📉 (-110)

What Is Impacting Gold Prices In 24 Carat, 22 Carat and 18 Carat?

According to Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA), gold is rebounding strongly after observing one of the steepest declines in recent times. The recovery indicates bargain buying at lower levels, as investors start to return to the metal after the sharp correction.

The performance also comes after MCX gold reclaimed above Rs 1.56 lakh mark and saw 1.3% weekly gains. Also, spot gold price has crossed $5,100 mark.

After closing bell on February 20th, spot gold touched $5,109.2 per ounce with 2.2% upside before correcting slightly. The rally led gold to test its monthly highs.

Also, the rally is fuel due to landmark decision by US Supreme Court against President Donald Trump's tariffs tantrums.

And despite the court striking down reciprocal duties, the US dollar retreat was quickly offset by Trump who vowed to sign a new 10% global tariff via executive order. The 10% tariffs have come into effect from February 21.

This immediate trade policy pivot, combined with a disappointing Q4 GDP print of 1.4%, reinforced golds appeal as a hedge against risk and cooling growth. Bullion remains further supported by sticky core PCE inflation at 3% and heightened geopolitical tensions in the Middle East, including a massive US military deployment near Iran. Despite a split FOMC and a resilient labor market, gold is positioned for a strong weekly finish as traders weigh the legal setback for the White House against fresh protectionist threats, as per Trading Economics.

Going ahead, Kamboj said, although volatility is still high, the recovery indicates that the overall positive sentiment is not lost. In the short term, gold may try to stabilize as markets re-evaluate global trends and rate expectations.

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