Gold rates and silver rates in India surged on February 20th as tensions between US and Iran escalates. MCX gold witnessed mild buying sentiment, however, price remained around Rs 1.53 lakh per 10 grams. Further, MCX silver also gained marginally to trade above Rs 2.43 lakh. This comes amidst positive global cues with spot gold price traded over $5,010 mark.
The gains in precious metals is limited due to upside momentum in dollar against basket of currencies. The greenback surged above 98 level and is trading to record approximately 1% gains for this week. The upside in dollar is attributed to the hawkish stance seen in minutes of meeting of US Federal Reserve.
Coming to US and Iran tensions, reports are saying that the two countries could go for a war as US has deployed its largest military force in the Middle East for the first time since the invasion of Iraq in 2003. Earlier, President Donald Trump had set a 10-15 days deadline for nuclear talks.
Traders focus also shifts towards PCE data which is scheduled later on Friday. January FOMC minutes also showed policymakers divided on rates, with some signaling possible hikes if inflation remains elevated.
Meanwhile, physical demand for precious metals in Asia is also seasonally lacklustre owing to Lunar New Year holidays in major markets like China, Taiwan and Singapore. As of now, global bullion is likely to see modest loss this week.
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Feb 20, 2026, 1:20 pm IST
Silver Rates Today: Track silver rates in India
Track real time changes across 1 gram, 8 grams, 10 grams, 100 grams and 1Kg silver rates in India here.
Feb 20, 2026, 1:19 pm IST
Silver Rates Today Live: MCX Silver Outlook
MCX Silver futures are trading near the ₹2,30,000–₹2,50,000 zone after a sharp correction from record highs around ₹4,20,000. While the long-term bullish structure remains intact, the steep pullback has pushed prices below major moving averages, indicating short-term bearish pressure and an ongoing corrective phase. Strong buying interest is evident in the ₹2,25,000–₹2,35,000 support band, aligned with prior swing lows and longer-term structural support. A sustained hold above this base, followed by a decisive recovery, could revive upward momentum toward ₹3,00,000–₹3,25,000. Dips toward support continue to offer accumulation opportunities for positional traders, though a decisive break below these levels could accelerate downside pressure and extend the correction: Ponmudi R, CEO of Enrich Money.
Feb 20, 2026, 10:59 am IST
Gold Rates Today Live: Get Real Time Updates On Gold Prices In India
Track real time changes in gold prices in India across 24 carats, 22 carats and 18 carats.
Feb 20, 2026, 10:58 am IST
Gold Rates Today Live: MCX Gold Outlook Ahead
MCX Gold futures are trading near the ₹1,50,000–₹1,60,000 zone, following consolidation after the sharp correction from all-time highs around ₹1,80,000–₹1,81,000. While prices are currently consolidating in the short term near current levels, the broader uptrend structure remains supportive, with prices holding above important long-term support zones. Strong buying interest is seen in the ₹1,45,000–₹1,50,000 support area. A sustained hold above this base, followed by a breakout above ₹1,60,800, could revive upside momentum toward ₹1,65,000–₹1,75,000, keeping the medium-term outlook positive despite ongoing volatility: Ponmudi R, CEO of Enrich Money.
MCX gold futures with April 2026 expiry is trading near its day's high of Rs 1,55.601 per 10 grams. The bullion is currently up by 0.43% to trade at Rs 1,55,492 per 10 grams.
Here's everything you need to know about the rising geopolitical tensions between US and Iran.
Feb 20, 2026, 10:54 am IST
Silver Rates Today Live: Spot Silver Above Per Ounce
Spot silver price gained nearly 1% and traded over per ounce, which is likely to lead this precious metal in marking its first weekly gains in four weeks. Geopolitical tensions continues to support sentiment.
Feb 20, 2026, 10:52 am IST
Gold Rates Today Live: Spot Gold Sees Mild Gains
Spot gold traded above ,010 per ounce, holding its two consecutive days of upside as tensions between US and Iran escalates. Geopolitical tensions alongside US Fed's latest minutes are driving sentiments in precious metals. Traders now await PCE data which is scheduled on Friday.
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