Jaipur, February 16, 2026: A sharp correction in precious metal prices ahead of the wedding season has brought major relief to buyers. Gold has dropped nearly ₹38,000 from its all-time high, while silver has plunged by around ₹1.75 lakh per kg, easing jewellery costs for households preparing for weddings and celebrations.
According to the latest bullion data, profit booking after record highs and volatility in global markets triggered the fall. A stronger US dollar and shifting investor sentiment also weighed on gold and silver prices, leading to continued fluctuations in the bullion market.
Latest Precious Metal Rates in Jaipur (Feb 16, 2026)
24K Gold: ₹15,789 per gram (down ₹1)
22K Gold: ₹14,474 per gram (down ₹1)
18K Gold: ₹11,845 per gram (down ₹1)
In the Pink City, known for its royal heritage and deep-rooted tradition of gold jewellery, the softer prices are expected to boost buying sentiment. Gold remains an integral part of Jaipur’s cultural and wedding economy, and jewellers anticipate increased footfall if prices remain stable.
How Much Have Prices Fallen?
From its recent peak, gold has corrected significantly, while silver has seen an even steeper decline after touching record highs earlier this year. In the domestic market, gold slipped about ₹3,000 in a single day recently, while silver fell nearly ₹17,000, reflecting heavy volatility.
Why Are Gold and Silver Falling?
Market experts attribute the decline primarily to profit booking after prices touched historic highs. Stronger US economic data pushed the dollar higher, making gold less attractive globally. Additionally, investors shifting funds and global market uncertainty contributed to the correction.
Should You Buy Now or Wait?
Analysts suggest prices may remain volatile in the short term. Buyers, especially those planning wedding purchases, are advised to buy in phases rather than in one go. Long-term investors continue to view gold as a safe-haven asset, though near-term price swings may persist.
