Gold, Silver Prices Today [Feb 20] – Live: Gold climbs 0.31% to Rs 1.55 lakh; silver gains 0.67% on MCX as dollar strengthens

Gold futures on the MCX were trading 0.70 percent higher at Rs 1,55,900 per 10 grams around 6:00 pm IST on February 20. Silver futures continued to outperform, rising 3.07 percent to Rs 2,48,814 per kilogram. In the international market, Comex gold was up 0.76 percent at $5,035.20 per ounce, while Comex silver gained 3.03 percent to trade near $79.990 per ounce. Precious metals remained supported by safe-haven demand and firm global cues in late trade.

Hareesh V, Head of Commodity Research at Geojit Investments Limited, said rising US–Iran tensions have already driven investors toward bullion, pushing gold close to the $5,000 mark as safe-haven demand strengthens. Investors typically turn to gold and silver during geopolitical conflicts because these metals help preserve value, reduce exposure to market volatility, and act as reliable hedges when currencies and financial markets face uncertainty. While a stronger dollar and shifting interest-rate expectations may temporarily cap sharp gains, persistent or escalating tensions are likely to keep risk-averse flows elevated, potentially supporting further upside in gold and silver prices in the coming days.

Gold futures on the MCX were trading 1.04 percent higher at Rs 1,56,428 per 10 grams around 4:30 pm IST on February 20. Silver futures continued to outperform, jumping 3.75 percent to Rs 2,50,451 per kilogram. In the international market, Comex gold rose 1.14 percent to $5,054.60 per ounce, while Comex silver traded 3.03 percent higher at $79.990 per ounce. Precious metals remained well supported by safe-haven demand and strong global cues in late trade

"Rising US–Iran tensions have already driven investors toward bullion, pushing gold close to the $5,000 mark as safe haven demand strengthens. Investors typically turn to gold and silver during geopolitical conflicts because these metals preserve value, reduce exposure to market volatility, and serve as trusted hedges when currencies and financial markets face uncertainty. Although a stronger dollar and shifting interest rate expectations may temporarily cap sharp gains, persistent or escalating tensions are likely to keep risk averse flows elevated, potentially supporting a further rise in gold and silver prices in the coming days."

--Hareesh V, Head of Commodity Research, Geojit Investments Limited

Gold futures on the MCX strengthened further, rising 1 percent to Rs 1,56,374 per 10 grams around 3:08 pm IST on February 20. Silver futures outperformed sharply, surging 3.44 percent to Rs 2,49,704 per kilogram. In the international market, Comex gold advanced 1.12 percent to $5,053.40 per ounce, while Comex silver rallied 3.72 percent to $80.520 per ounce. The strong upmove reflects continued safe-haven buying and firm global cues supporting precious metals.

According to the Augmont Bullion Daily Report dated February 20, gold has rebounded from its key support near $4,850 (around Rs1,50,000) and is gradually advancing toward the resistance zone of $5,100 (about Rs1,60,000). The report suggests traders may adopt a buy-on-dips approach near support and consider booking profits on rallies until a decisive breakout occurs. Silver has also bounced from its support band of $70–$90 (around Rs 2,25,000) and is now moving toward resistance at $85 (Rs2,68,000) and $90 (Rs2,85,000). Given silver’s higher volatility, a buy-on-dips and sell-on-rallies strategy is recommended within the current range.

Gold futures on the MCX were trading 0.61 percent higher at Rs 1,55,762 per 10 grams around 1:34 pm IST on February 20. Silver futures also strengthened, rising 1.66 percent to Rs 2,45,400 per kilogram. In the international market, Comex gold was up 0.61 percent at $5,028.10 per ounce, while Comex silver gained 1.36 percent to trade near $78.690 per ounce. Precious metals remained supported by safe-haven demand and firm global cues in early afternoon trade.

According to the Augmont Bullion Daily Report dated February 20, precious metals remain well supported as safe-haven demand strengthened amid rising geopolitical tensions. The US has stepped up its military presence in the Middle East, while Ukraine–Russia peace talks ended without a meaningful breakthrough, reinforcing global uncertainty. The report also noted that US President Donald Trump’s warning to Iran over its nuclear programme has added to market risk premium. Meanwhile, minutes of the Federal Reserve’s January 27–28 meeting showed policymakers remain divided on rate direction, a factor likely to keep volatility elevated in precious metals.

Precious metals are showing signs of recovery after recent volatility, with investors stepping in at lower levels and short covering supporting prices. However, analysts caution that sharp swings may persist as markets reassess global cues and interest-rate expectations.

Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures, said:

"Gold is rebounding strongly after observing one of the steepest declines in recent times. The recovery indicates bargain buying at lower levels, as investors start to return to the metal after the sharp correction. Although volatility is still high, the recovery indicates that the overall positive sentiment is not lost. In the short term, gold may try to stabilize as markets re-evaluate global trends and rate expectations."

On the white metal Kamboj added "Silver is making a strong recovery after the sharp sell-off in the previous session. The recovery indicates renewed investor interest and short covering, although sharp movements are likely to continue as silver is more sensitive to market sentiment. If global trends are favorable, silver may continue to recover in the coming sessions."

Gold's futures price on MCX was trading higher at Rs 1,55,690 per 10 grams on February 20 as of 11:23 am IST, representing a gain of 0.56 percent from its previous close. Silver, too, surged 1.39 percent to trade at Rs 2,44,584 per kilogram. "Although volatility is still high, the recovery indicates that the overall positive sentiment is not lost. In the short term, gold may try to stabilise as markets re-evaluate global trends and rate expectations," said IBJA vice president, Aksha Kamboj.

Gold's spot price on Comex was trading higher at $5,019.90 per ounce on February 20 as of 10:42 am IST, representing a gain of 0.45 percent from its previous close. Silver, on the other hand, fell almost 1.27 percent during the early trade, but quickly recovered some gains to trade at $78.26, up 0.81 percent over the last 24 hours.

Gold's futures price on MCX was trading largely flat at Rs 1,55,157 on February 20 as of 9:45 am IST, though representing a gain of 0.22 percent from its previous close. Silver, on the other hand, fell almost 1.39 percent during the early trade, but quickly recovered some gains to trade at Rs 2,42,821 per kilogram.

Gold and silver prices surged marginally on February 20 amid easing geopolitical tensions and a stronger dollar. The domestic futures price of gold on MCX opened the Friday session 0.31 percent higher at Rs 1,55,297 per 10 grams of 24-carat purity, representing a 0.31 per cent gain from the previous close. Silver, too, jumped 1.24 percent on domestic exchange trading at Rs 2,44,390 per kilogram.

Gold prices on Comex gained 0.33 percent to trade at $5,014.10 per ounce as of 3:08 am GMT, and silver is up 0.39 percent at $77.94 per ounce over the past 24 hours. The volatility is likely to continue, driven by geopolitical developments and signals on the US Federal Reserve’s rate outlook.

Jateen Trivedi, VP–Research Analyst (Commodity and Currency) at LKP Securities, said gold prices moved higher after US–Iran negotiations failed to deliver a positive outcome, reviving military tensions and triggering fresh safe-haven demand. However, the upside remained limited near the Rs 1,56,000 level as delayed expectations of interest-rate cuts and profit booking around key zones capped further gains. On the technical side, resistance is seen at $5,000–$5,025 on Comex and Rs 1,57,500–Rs 1,58,500 on MCX, while support is placed around $4,925 and Rs 1,52,000. He added that volatility is likely to continue, driven by geopolitical developments and signals on the US Federal Reserve’s rate outlook.

Gold prices on Comex declined in early trade on February 20, touching an intraday low of $4,996 per ounce before trimming losses to trade at $5,018.20 per ounce as of 1:44 am GMT, up 0.43 percent over the past 24 hours. In the domestic market, gold futures settled marginally lower at Rs 1,54,700 per 10 grams on Thursday, down 0.08 percent from the previous close. Meanwhile, silver spot prices climbed 0.67 percent to $78.15 per ounce, with the metal ending the session on MCX at Rs 2,41,400 per kilogram.