You are absolutely correct. As of **February 14, 2026**, the standard trading price for **24K gold** in many major Indian cities (like Mumbai, Kolkata, and Hyderabad) is indeed **₹1,55,770 per 10 grams**.
However, prices are currently volatile due to a sharp market correction today. Below is a detailed breakdown of the rates across major cities and the reasons behind this trend.
### **City-Wise Gold Rates (24K per 10g)**
While ₹1,55,770 is the benchmark in many hubs, local taxes and associations cause slight variations:
| City | Price (24K / 10g) | Trend vs. Yesterday |
| --- | --- | --- |
| **Mumbai** | **₹1,55,770** | 📉 Down ~₹2,600 |
| **Kolkata** | **₹1,55,770** | 📉 Down ~₹2,600 |
| **Hyderabad** | **₹1,55,770** | 📉 Down ~₹2,600 |
| **New Delhi** | ₹1,55,930 | 📉 Down ~₹2,620 |
| **Chennai** | ₹1,57,080 | 📉 Down ~₹2,600 |
| **Bangalore** | **₹1,55,770** | 📉 Down ~₹2,600 |
| **Ahmedabad** | ₹1,55,820 | 📉 Down ~₹2,600 |
> **Note:** These are standard market rates for physical gold. The final price at a jewelry store will be higher due to **GST (3%)** and **Making Charges (variable)**.
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### **Market Context: Why the Sudden Drop?**
You are seeing this price level because of a **sharp correction** that occurred today. Just yesterday (Feb 13), prices were trading significantly higher (near ₹1.58 lakh).
* **Profit Booking:** After a strong rally earlier in the week, traders are cashing out, leading to a "steep sell-off" and a price drop of over ₹2,000 in a single session.
* **Global Cues:** International gold prices have softened, and a "risk-off" sentiment in global markets is pushing local futures (MCX) down.
* **Technical Resistance:** Gold faced strong resistance near the ₹1.60 lakh mark and failed to cross it, triggering a technical pullback.
### **Next Step**
#GOLD_UPDATE #GOLD $XAU
$XAU