Gold Silver Rate Today: Earthquake in gold and silver prices, silver became expensive by ₹ 15,200 in a day, gold crossed ₹ 1.60 lakh

News India Live, Digital Desk: If you are planning to buy gold or silver, then today’s latest prices have shaken your budget. As soon as the market opened on Monday, there was a huge ‘gap-up’ opening in the prices of precious metals on MCX. The increasing tension between America and Iran and the weakness of the dollar in the global market has taken the demand for gold as a safe investment to its peak. Today’s situation on MCX (23 February 2026) Heavy buying pressure is being seen on the Multi Commodity Exchange since this morning: Gold (Gold April Futures): Touched the level of ₹ 1,60,600 per 10 grams with a rise of about ₹ 3,700 (2.4%). (Silver March Futures): Silver witnessed a historic rise, where it jumped by ₹ 15,200 (6%) to reach ₹ 2,68,120 per kg. Why such a big rise? According to market experts, there are three main reasons behind this sudden rise: Geopolitical tension: The growing tension between America and Iran has scared investors, due to which they are running towards gold as a safe haven. Tariff announcement: American President Donald Trump’s announcement of imposing 15% tariff globally has created uncertainty in international trade. Dollar weakness: Falling dollar index in the global market has made it cheaper to buy gold in other currencies, which has increased the demand. Today’s price in your city (24K vs 22K Gold)The estimated prices without tax and making charges in major cities of the country are as follows:City24K Gold (per 10g)22K Gold (per 10g)silver (per kg)Delhi₹1,59,420₹1,46,140₹2,74,900Mumbai₹1,59,270₹1,45,990₹2,74,900Chennai₹1,60,140₹14 Investors Market experts believe that the next target for gold could be $5,200 per ounce. If the momentum in the Indian market continues, gold may soon cross the level of ₹ 1,70,000. However, considering the current fluctuations, investors are advised to buy with caution.