As Valentine’s Day is around the corner, many people are buying gold for their loved ones to celebrate this day with grandeur. In Gujarat, jewellery shops are witnessing heavy footfall. This comes at a time when gold rates crashed for three days in a row across Indian cities. Gold prices in India experienced volatility over February 11–13, 2026, with a slight dip on February 11 after prior gains, a modest decline on February 12 amid global corrections and strong US data, and a further easing in physical/retail rates on February 13 despite a rebound in MCX futures (up ~1–1.5% intraday on bargain hunting after prior-session pressure). Focusing on 24K gold per 10 grams (common benchmark, sourced mainly from Goodreturns and consistent city reports), national/average rates were approximately ₹1,58,510–₹1,59,600 on February 11 (with some sources showing ~₹1,58,780–₹1,59,460), down to ₹1,58,400–₹1,58,640 on February 12 (a drop of ~₹1,200 or so per 10g), and further lower at ₹1,55,780–₹1,58,790 on February 13 (down ~₹2,620 or more in many quotes, reflecting a short-term retreat from recent peaks influenced by international spot gold fluctuations around $4,900–$5,000/oz and rupee dynamics). 22K followed similar proportional trends (e.g., ~₹1,45,500–₹1,46,200 on Feb 11, down to ~₹1,45,200–₹1,45,560 on Feb 12–13).
In Gujarat, rates aligned closely with national averages but showed minor regional variations due to local demand; 24K per 10 grams hovered around ₹1,58,840–₹1,59,720 on February 11 (higher end in some quotes), eased to ~₹1,58,520 or similar on February 12, and continued softening on February 13 (consistent with broader declines, though specific Gujarat quotes were limited and tracked Mumbai/Delhi closely).
In Mumbai, a key bullion hub, 24K per 10 grams was around ₹1,58,780–₹1,59,460 on February 11, dropped to ₹1,57,940–₹1,58,640 on February 12 (down ~₹700–₹1,200), and further to ~₹1,54,570–₹1,58,390 on February 13 (with physical retail often at the lower end like ₹1,55,780–₹1,58,390 per 10g, reflecting the overall modest downward pressure in physical markets despite futures recovery). Prices can vary by jeweler, making charges, and intraday cues—always verify live from reliable sources like MCX, Goodreturns, or local associations for the most precise updates.
A customer buying gold on Valentine’s Day in Surat told ANI, "I came here to get a ring for my partner because it is Valentine's Day. I purchased a ring, and he also gifted me a ring and a pair of earrings. Gold prices are a little high right now and this is the perfect time to buy, because it will get even more expensive after this..."
Another customer told ANI, "Valentine's Day is here. I am engaged, so I was getting a ring and a chain for my fiancée. Gold prices are very high, but I thought I should invest for the future. I have made these purchases so that we can build memories and celebrate Valentine's Day well."
City Wise Gold Rates February 13:
Delhi: 24K: ₹1,58,540 (or ~₹1,55,930 in some quotes); 22K: ₹1,45,340; 18K: ₹1,18,940. Per gram: 24K ~₹15,593–₹15,854.Mumbai: 24K: ₹1,58,390 (or ~₹1,55,780); 22K: ₹1,45,190; 18K: ₹1,18,790. Per gram: 24K ~₹15,578–₹15,839.Chennai: 24K: ₹1,59,270 (higher due to local demand); 22K: ₹1,45,990; 18K: ₹1,25,990 (noted variance in some reports). Per gram: 24K ~₹15,709–₹15,984.Kolkata: 24K: ₹1,58,390; 22K: ₹1,45,190; 18K: ₹1,18,790. Per gram: 24K ~₹15,578.Bengaluru: 24K: ₹1,58,390; 22K: ₹1,45,190; 18K: ₹1,18,790. Per gram: 24K ~₹15,578.Hyderabad: 24K: ₹1,58,390; 22K: ₹1,45,190; 18K: ₹1,18,790. Per gram: 24K ~₹15,578.Ahmedabad: 24K: ₹1,58,440–₹1,58,790; 22K: ₹1,45,240–₹1,45,560 (aligned closely with Mumbai/West India levels).Other cities: (e.g., Patna, Lucknow, Jaipur, Pune): Generally ₹1,58,390–₹1,58,540 for 24K per 10g, with minor variations (e.g., Lucknow/Delhi-aligned at higher end, Patna slightly lower).
Southern cities like Chennai often show marginally higher rates due to regional preferences and taxes, while metros like Mumbai and Kolkata are typically at the lower end of the range. These reflect physical market rates as of morning/afternoon IST on February 13; international spot gold influences, rupee fluctuations, and local demand drive daily changes. For the most accurate real-time quotes, refer to sites like Goodreturns, MCX, or local jewelers.