Patna: Gold and silver prices rose for the second consecutive day on February 19, according to data from the India Bullion and Jewellers Association (IBJA), continuing a year marked by sharp fluctuations in the precious metals market.
The price of 10 grams of 24-carat gold increased by Rs 3,151 to Rs 1.55 lakh. Silver climbed Rs 8,432 to Rs 2.45 lakh per kilogram.
So far in 2026, gold has gained Rs 21,540, while silver has risen Rs 14,810. Both metals touched record highs on January 29, when gold reached Rs 1.76 lakh per 10 grams and silver hit Rs 3.86 lakh per kilogram in the bullion market.
Why gold prices vary across cities
Although benchmark rates are issued nationally, retail gold prices differ from city to city due to several factors:
Transportation and security costs
Gold transported from import hubs to interior markets incurs fuel, logistics and security expenses. The greater the distance from major ports or trade centres, the higher the local cost.
Purchase volume and regional demand
In regions such as south India, where gold consumption accounts for a significant share of national demand, jewellers often buy in bulk. Volume-based discounts can sometimes translate into comparatively lower retail prices.
Local jewellery associations
Each state and city has its own jewellery association that determines daily local rates based on regional demand and supply conditions. These associations adjust prices in line with market trends and local trading patterns.
Stock position and procurement price
The rate at which jewellers purchased their existing inventory also affects retail pricing. Traders holding older stock bought at lower rates may offer comparatively competitive prices to customers.
Bullion traders say volatility has remained a key theme this year, driven by global market cues and domestic demand patterns.
