The present investigation was undertaken with the objective to evaluate the nature and magnitude of genetic variability and correlation of different spike traits and other character association with grain yield. Eighteen diverse bread wheat (Triticum aestivum L.em Thell.) genotypes and 72 F1 lines were evaluated to estimate the extent of association with respect to spike traits and grain yield. The coefficient for genotypic correlation for most of the character combination was higher in magnitude, as compared to corresponding phenotypic correlation coefficient, indicating largely the strong inherent nature of traits recorded in the present investigation. The yield per plant exhibited positive and strong association with all the traits except with 100 grain weight. From the present investigation, it could be suggested that breeder has to work cautiously for any breeding program aimed at improving particularly the 100 grain weight.