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Big increase in gold and silver prices: RBI's eyes, important statement by Finance Minister Nirmala Sitharaman
Mumbai, February 23, 2026: This morning, there has been a big increase in the prices of gold and silver in the international and Indian markets. On the Multi Commodity Exchange (MCX), the price of gold reached ?1,59,585 per gram, while the price of silver went up to ?2,64,600 per kg. Is the Reserve Bank of India (RBI) worried about these rising prices? RBI Governor Sanjay Malhotra has taken a clear stand on this.
RBI Governor Sanjay Malhotra said that the RBI is closely monitoring the movements of gold. There has not been much increase in value in gold imports during the period April to December; the increase in price is mainly due to a decrease in import volume. The main reason for the increase in gold imports in the month of January is the increase in seasonal demand. There is no need to worry much about gold and silver imports at present. India's current account deficit is under control and is within 1% of GDP.
Meanwhile, Finance Minister Nirmala Sitharaman has made an important statement on gold. She said that gold is a popular option for domestic investment in India. Domestic consumption during the festive season leads to a huge increase in demand for gold. The government is closely monitoring the situation, but in India, the situation has not reached a dangerous level and is within certain limits. Most central banks around the world are buying and storing gold and silver, due to which prices are continuously increasing in the international market. This global buying is directly affecting market prices.
Gold and silver are known as traditional investments in India, and demand increases during festive and seasonal periods. This increase is due to purchases by global central banks and domestic seasonal demand.
Mumbai, February 23, 2026: This morning, there has been a big increase in the prices of gold and silver in the international and Indian markets. On the Multi Commodity Exchange (MCX), the price of gold reached ?1,59,585 per gram, while the price of silver went up to ?2,64,600 per kg. Is the Reserve Bank of India (RBI) worried about these rising prices? RBI Governor Sanjay Malhotra has taken a clear stand on this.
RBI Governor Sanjay Malhotra said that the RBI is closely monitoring the movements of gold. There has not been much increase in value in gold imports during the period April to December; the increase in price is mainly due to a decrease in import volume. The main reason for the increase in gold imports in the month of January is the increase in seasonal demand. There is no need to worry much about gold and silver imports at present. India's current account deficit is under control and is within 1% of GDP.
Meanwhile, Finance Minister Nirmala Sitharaman has made an important statement on gold. She said that gold is a popular option for domestic investment in India. Domestic consumption during the festive season leads to a huge increase in demand for gold. The government is closely monitoring the situation, but in India, the situation has not reached a dangerous level and is within certain limits. Most central banks around the world are buying and storing gold and silver, due to which prices are continuously increasing in the international market. This global buying is directly affecting market prices.
Gold and silver are known as traditional investments in India, and demand increases during festive and seasonal periods. This increase is due to purchases by global central banks and domestic seasonal demand.
RBI Governor Sanjay Malhotra said that the RBI is closely monitoring the movements of gold. There has not been much increase in value in gold imports during the period April to December; the increase in price is mainly due to a decrease in import volume. The main reason for the increase in gold imports in the month of January is the increase in seasonal demand. There is no need to worry much about gold and silver imports at present. India's current account deficit is under control and is within 1% of GDP.
Meanwhile, Finance Minister Nirmala Sitharaman has made an important statement on gold. She said that gold is a popular option for domestic investment in India. Domestic consumption during the festive season leads to a huge increase in demand for gold. The government is closely monitoring the situation, but in India, the situation has not reached a dangerous level and is within certain limits. Most central banks around the world are buying and storing gold and silver, due to which prices are continuously increasing in the international market. This global buying is directly affecting market prices.
Gold and silver are known as traditional investments in India, and demand increases during festive and seasonal periods. This increase is due to purchases by global central banks and domestic seasonal demand.
