Historic Gold-Silver Surge: Sarafa Markets in Frenzy Amid Wedding Season
Historic Gold-Silver Surge: Sarafa Markets in Frenzy Amid Wedding Season
New Delhi/Mumbai, February 21, 2026
India’s bullion bazaars reel from unprecedented rally as geopolitical tensions propel safe-haven demand. Gold breaches $5,000/oz globally; wedding peak amplifies local frenzy.
Today’s Rates (24K Gold)
| City | 10g Price (₹) | Gram (₹) |
|---|---|---|
| Delhi | 1,59,500 | 15,950 |
| Mumbai | 1,57,370 | 15,737 |
| Chennai | 1,58,820 | 15,882 |
| Amritsar/Lucknow | ~1,57,530 | 15,753 |
22K (Jewelry): ₹14,440/gm. Silver: ₹270/gm (₹2,70,000/kg).
Drivers & Outlook
MCX Gold closed ₹1,56,993/10g; Silver March futures +₹10,649. Middle East flare-ups (US-Iran), dollar volatility fuel surge. Experts warn short-term peaks; advise caution for big buys.
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