What is the IBJA gold rate and why does it matter?

The IBJA gold rate is a widely followed India reference for 24K purity, compiled from quotes by major dealers and banks. Jewellers, lenders, and investors use it to benchmark daily pricing. It helps compare city quotes, check premiums or discounts, and assess how spot differs from MCX futures.

Why can MCX futures rise while spot prices fall?

Futures reflect expectations and hedging. If shorts cover or global benchmarks bounce, MCX contracts can rise even when local spot adjusts lower on reduced retail buying. Liquidity, open interest shifts, and currency moves can widen this gap intraday. The spread often narrows once cash demand stabilises.

What levels are important for trading today?

Analysts at LKP Securities flagged ₹1,56,000 as resistance and ₹1,51,000 as support on near month MCX gold. Many traders plan entries near support and lighten near resistance, with strict stops. These levels help frame risk while you track volumes, open interest, and the response to U.S. CPI.

Should I buy jewellery or coins today?

Decide by budget and need. Compare the IBJA reference, your jeweller’s per gram quote, purity, making charges, and buyback terms. If prices are volatile, stagger small purchases. Coins have clearer spreads than heavy jewellery. Let gold price today guide timing, but do not ignore total on-bill costs.

Global Market Insights

Gold, Silver Prices Today, February 15: IBJA Rates Slide; MCX Rebounds

ByHuzaifa Zahoor February 15, 2026February 15, 2026

Gold price today in India slipped on the physical benchmark even as futures bounced. The IBJA 999 gold rate stands at ₹1,52,765 per 10 grams, with silver at ₹2,42,433 per kilogram, marking a second straight day of declines. At the same time, MCX and global benchmarks edged higher. Traders in India are watching the U.S. CPI and technical signals at ₹1,56,000 resistance and ₹1,51,000 support from LKP Securities. For investors, gold price today guides buy or hedge decisions.