Gold Rate Today (Feb 18): IBJA Benchmark And 22K Jewellery Prices At Tanishq, Kalyan, Malabar & Joyalukkas

Gold prices in India remained largely steady on February 18, 2026, after the recent upward movement seen earlier this week. The India Bullion and Jewellers Association (IBJA) benchmark indicates that the precious metal is trading near elevated levels, suggesting a stable but firm trend in the domestic bullion market.

The current pattern shows consolidation rather than a sharp rally, with buyers watching closely for either a correction or another breakout.

Jewellery retailers across the country have also kept their selling rates aligned with the broader market movement. For households planning wedding purchases and for investors looking at safe-haven assets, the market currently reflects stability rather than volatility.

IBJA benchmark rates remain elevated

As per the IBJA morning benchmark (excluding GST and making charges), gold continues to hover near recent highs across purity levels.

• 24K Fine Gold (999): ₹15,214 per gram
• 22K Gold: ₹13,946 per gram
• 20K Gold: ₹12,678 per gram
• 18K Gold: ₹11,411 per gram
• 14K Gold: ₹8,875 per gram

The stability suggests the market is entering a wait-and-watch phase after the previous increase, with international bullion cues and currency movement influencing domestic prices.

Retail jewellery prices across major brands

Retail gold jewellery prices differ from benchmark bullion rates because they include supply chain costs and vary by city and state taxes. Major jewellery chains have kept prices close to recent levels.

• Tanishq: ₹14,175 per gram (22K jewellery)
• Malabar Gold & Diamonds: ₹14,135 per gram
• Joyalukkas: ₹15,141 per gram
• Kalyan Jewellers: ₹14,135 per gram

These rates were recorded during trading hours and may change during the day depending on market movement.

Why gold is holding firm

Several factors are supporting prices. International bullion demand remains stable, and investors continue to treat gold as a hedge against inflation and financial uncertainty. A slightly weaker rupee against the US dollar also keeps domestic gold prices elevated even when global prices move modestly.

Additionally, the upcoming wedding season in many parts of India is sustaining jewellery demand. Retailers report that customers are purchasing gradually instead of waiting for sharp declines, indicating confidence that prices may not fall significantly in the near term.

What buyers and investors should consider

For jewellery buyers, the present phase may be suitable for staggered purchases rather than waiting indefinitely for a big dip. Since making charges and GST significantly increase the final bill, even a ₹100 change per gram can noticeably impact overall spending.

For investors, gold currently appears to be in a consolidation phase. If global cues strengthen, another upward move is possible, while any international correction could provide a short-term buying opportunity. Monitoring daily IBJA benchmarks and retailer prices remains essential before making purchase or investment decisions.