Gold Rate Slips on Weak Global Trends; Check Prices in Your City
Gold Prices Take a Tumble
Gold prices slid further on Thursday, February 27, due to weak global trends and a decline in local demand. The yellow metal, which had soared to lifetime highs earlier this week, dropped to ₹87,810 per 10 grams (24K gold) and ₹80,490 per 10 grams (22K gold). This marks the second consecutive day of a decline in gold prices.
Global Factors Weigh on Gold Prices
The global gold price fell by 0.31% to $2,907 an ounce in early Asian trade on Thursday, contributing to the decline in local prices. The weak global trends are attributed to a decrease in demand for safe-haven assets, such as gold, as investors increasingly opt for riskier investments.
Check the Latest Gold and Silver Prices Across Major Cities Today:
Gold Price Today in India (February 27, 2025)
In Delhi, 24K gold is trading at ₹87,960 per 10 grams and 22K gold is trading at ₹80,640 per 10 grams, down by ₹10 over the last close.
Gold Price Today in Major Cities:
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | ₹80,640 | ₹87,960 |
| Mumbai | ₹80,490 | ₹87,810 |
| Chennai | ₹80,490 | ₹87,810 |
| Kolkata | ₹80,490 | ₹87,810 |
Silver Prices Follow Suit
Silver, too, slid by ₹100 to ₹97,900 per kg in early trade on Thursday due to poor demand from industrial users and weak global trends. The white metal was down by ₹3,000 per kg on Wednesday following a surge in global demand.
Silver Price Today in Major Cities:
| City | Silver Price (per kg) |
|---|---|
| Delhi | ₹97,900 |
| Mumbai | ₹97,900 |
| Chennai | ₹1,04,900 |
| Kolkata | ₹97,900 |
Comparison of Gold and Silver Prices This Week
Gold and silver prices have seen a significant decline over the past few days. Gold hit record highs on Tuesday due to trade war concerns, but prices have since dropped due to profit-taking and weak local demand. Silver, which had reached above ₹1,00,000 per kg earlier this week, has also declined following a surge in global demand.
Here’s a Comparison of Gold and Silver Prices From Earlier This Week:
| Date | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver Price (per kg) |
|---|---|---|---|
| Feb 27 | ₹80,490 | ₹87,810 | ₹97,900 |
| Feb 26 | ₹80,500 | ₹87,820 | ₹98,000 |
| Feb 25 | ₹80,750 | ₹88,090 | ₹1,01,000 |
In conclusion, gold and silver prices have taken a hit due to weak global trends and poor local demand. If you’re looking to invest in these metals, it’s essential to stay up-to-date with the latest prices and trends. Remember, a little knowledge can go a long way in the world of investing!
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