Thinking of buying gold right now? Hold on — the gold rate today 17 February 2026 took another big hit. After touching record levels earlier this month, both gold and silver crashed hard over the last two days. Investors are booking profits, and a stronger US dollar is adding extra pressure.
MCX Futures Update (February 17, 2026)
- MCX Gold (April 2026): ₹1,5382,604 per 10g ↓ ₹1,228 (-1.39%)
- MCX Silver (March 2026): ₹2,34,467 per kg ↓ ₹4,749 (-2.26%)
Silver saw the steeper fall today.
City-Wise Retail Gold Rate Today (per 10 grams)
(Indicative prices – excludes 3% GST, making charges & TCS)
| City | 24K Gold | 22K Gold | 18K Gold |
|---|---|---|---|
| Delhi | ₹1,56,580 | ₹1,43,540 | ₹1,17,470 |
| Mumbai | ₹1,56,430 | ₹1,43,390 | ₹1,17,320 |
| Chennai | ₹1,57,520 | ₹1,44,390 | ₹1,23,490 |
| Kolkata | ₹1,56,430 | ₹1,43,390 | ₹1,17,320 |
| Bangalore | ₹1,56,430 | ₹1,43,390 | ₹1,17,330 |
| Hyderabad | ₹1,56,430 | ₹1,43,390 | ₹1,17,320 |
| Ahmedabad | ₹1,56,490 | ₹1,43,450 | ₹1,17,380 |
| Patna | ₹1,56,480 | ₹1,43,440 | ₹1,17,370 |
Chennai remains slightly higher due to local factors.
Why the Sudden Drop?
Gold has fallen over 12% from its February 1 peak after the Union Budget. Silver crashed even more — now almost ₹1.90 lakh below its January 29 all-time high of ₹4.20 lakh per kg.
Globally, spot gold dipped to around $4,947 per ounce on COMEX. The US Dollar Index climbed near 97.15, making gold less attractive for buyers holding other currencies.
This looks like a classic correction phase after a strong run. If you’ve been waiting for lower levels, the gold rate today 17 February 2026 might be giving you that chance — but stay alert, swings can continue.
Disclaimer: The information in this article is for informational and educational purposes only. While we strive for accuracy, we make no guarantees regarding the completeness or reliability of this content. Use of this information is strictly at your own risk.
Sources & References
- MCX India (Multi Commodity Exchange)
- Indian Bullion and Jewellers Association (IBJA)
- GoodReturns, LiveMint, NDTV Profit, and Economic Times Bullion Desk.
Yogesh Kolhe is a business and market news writer covering the share market, company earnings, and gold and silver price movements, with a strong focus on the automobile sector. A Mechanical Engineering graduate with 5 years of share market experience, he provides data-driven, reliable insights into market and industry trends.
