Gold Rates & Silver Rates Today Live: MCX Gold Above Rs 1.60 Lakh, Silver Price Rises 6%; 24K, 22K, 18K Gold

Gold rates and silver rates in India skyrocketed sharply, in-line with the bullish trend in global prices of precious metals. Gold has touched its highest level in over three weeks. The performance comes after the US President Donal Trump scrapped its extraordinarily high tariffs to 10% globally but then raised it mildly to 15% during the weekend.

MCX gold crossed its Rs 1.60 lakh mark but it was silver price who saw strong buying momentum. MCX silver surged by 6% and even reclaimed above Rs 2.68 lakh mark.

During the weekend, on Saturday, Trump faced a setback in his tariffs spree after US supreme court ruled against his reciprocal tariffs. In a matter of a day, he then announced 10% global tariffs, but soon after raised the tariffs to 15%. This leads to scrapping of all the previous tariffs he imposed on countries.

Trump confirmed the new duties would take effect immediately, although it remained unclear whether he had signed any official document. Meanwhile, Europe's trade commissioner signaled on Sunday a proposal to halt ratification of the trade deal with the U.S, while India postponed negotiations aimed at finalizing an interim trade deal with Washington. Investors also faced growing fears of a potential US military strike on Iran, with nuclear talks at an impasse. However, negotiators are scheduled to meet again in Geneva on Thursday, as per Trading Economics.

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Feb 23, 2026, 12:29 pm IST

Gold Rates Live Updates: Track Real Time Performance Of Gold Rates In India

Get real time updates on gold rates across carats in India here.

Feb 23, 2026, 12:28 pm IST

Gold Rates Today Live: MCX Gold Price Outlook

MCX Gold futures are trading near the ₹1,55,000–₹1,62,000 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.

Feb 23, 2026, 12:28 pm IST

Gold Rates & Silver Rates Today: Metal Stocks Under Pressure Despite Commodity Rally

Nifty Metal index dropped nearly 1% despite MCX silver skyrocketing. Copper prices are also up marginally, while zinc surged by 0.5%, aluminium climbed 0.3%, and nickel saw over 0.5% upside. But stocks like Hindalco, NMDC, SAIL, NALCO, and Tata Steel traded under pressure with downside ranging from 0.5% to 2%. However, Hindustan Zinc gained after silver rally. These companies are among leaders of producing these metals in India.

Feb 23, 2026, 12:28 pm IST

Gold Rates Today Live: Spot Gold Price Outlook

COMEX Gold is trading near the ,100-,200 zone after a sharp correction from recent highs above ,500–,600. The broader uptrend remains intact, with the recent pullback reflecting profit booking and healthy price digestion. Prices continue to sustain above important moving averages and have started to edge higher after a period of sideways consolidation, indicating strengthening momentum and a continuation of the upward bias. Strong buying interest is visible in the ,650–,800 support band, and sustained stability above this zone could set the stage for renewed upside momentum. A breakout above ,200–,300 would open the path toward a retest of record highs: Ponmudi R, CEO of Enrich Money.

Feb 23, 2026, 12:23 pm IST

Silver Rates Today Live: MCX Silver Rates Outperform

MCX silver outperformed its counterparts. MCX silver touched an intraday high of Rs 2,68,875 per 1Kg, surging by more than 6%. This precious metal is currently trading at Rs 2,64,775 per 1Kg, up by Rs 11,831 or 4.7%.

Feb 23, 2026, 12:22 pm IST

Gold Rates Today Live: MCX Gold Reclaims Rs 1.60 Lakh Mark

MCX gold rates touched an intraday high of Rs 1,60,600, reclaiming its pivotal mark of Rs 1.60 lakh. The gold is seeing its highest level in over three weeks. At the time of writing, MCX gold traded near its day's high of Rs 1,59,491 per 10 grams, up by Rs 2,615 or 1.7%. Gold rally can be contributed due to US court's latest ruling against Trump's tariffs.