What are the key MCX levels to watch today?

The near-term pivot is Rs 1,61,000. A strong close above it can attract momentum buying and open room toward Rs 1,70,000. On the downside, Rs 1,50,000 is the key risk marker that bulls need to defend. Intraday traders should also watch volumes and how price reacts around prior-session highs and lows.

How do 22K and 24K gold prices differ for buyers?

24K reflects pure gold and usually costs more due to purity, GST, and premiums. 22K is used for most jewellery and adds making charges. The gap can widen during festivals or volatile sessions. Always compare at least two quotes and check buyback policies, which affect your realised return when you sell.

What drives city prices in India each day?

Retail quotes track international bullion, then adjust for USDINR, import duty, GST, and local demand. Changes in the rupee can move prices even if global gold is flat. For the gold rate today February 23, monitor the dollar’s trend, rupee moves, and dealer inventory positions in your city.

Is silver attractive relative to gold right now?

Silver is more volatile, so it can outperform in risk-on commodity upswings and underperform during stress. If you add silver, use staggered buys and strict risk limits. Pair it with core gold holdings to balance swings, and review position sizes, since silver’s larger intraday moves can test discipline.

Global Market Insights

Gold Today, February 23: MCX Eyes Rs 1.61 lakh Breakout; City Rates Mixed

ByHuzaifa Zahoor February 23, 2026February 23, 2026

Gold rate today February 23: MCX April futures hovered near Rs 1,56,876 as traders watch a breakout above Rs 1,61,000 that could open Rs 1,70,000 in coming weeks. City prices in India were mixed this week, soft on Feb 20 then firmer by Feb 22 as the rupee and global cues steadied. For the near term, Rs 1,61,000 is the upside trigger while Rs 1,50,000 is the downside risk to monitor. We track MCX gold price, 22K 24K rates, and silver price today.