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Why is the Gold Price Declining? Check Gold and Silver Prices in Your City on February 27

Written by: Team Angel OneUpdated on: Feb 27, 2025, 3:01 PM IST
Gold prices fell below $2,900 globally and dropped in India due to a stronger dollar and rising US yields. Silver prices also declined in global and domestic markets.
Why is the Gold Price Declining? Check Gold and Silver Prices in Your City on February 27
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On February 27, 2025, gold prices fell in both global and domestic markets. In the international market, spot gold prices have declined below the key psychological level of $2,900. In the domestic market, gold prices have also witnessed a decrease.

In the international market, spot gold prices fell by 0.76% to $2,893.88 per ounce as of 12:36 PM on February 27, trading near a one-week low.

In India, gold prices declined by ₹490 per 10 grams across major cities.

  • In Mumbai, 24-carat gold is priced at ₹8,549 per gram, while 22-carat gold costs ₹7,837 per gram. The 24-carat gold price stands at ₹85,490 per 10 grams as of 12:36 PM.
  • In Delhi, 22-carat gold is priced at ₹78,238 per 10 grams, while 24-carat gold is trading at ₹85,350 per 10 grams.

Gold prices are under pressure due to a stronger US dollar and rising US bond yields.

Gold Prices Across Major Indian Cities on February 27, 2025

Here is a detailed breakdown of gold prices as of February 27, 2025:

City 24 Carat Gold (per 10gm in ₹) 22 Carat Gold (per 10gm in ₹)
Chennai 85,740 78,595
Hyderabad 85,630 78,494
Delhi 85,350 78,238
Mumbai 85,490 78,366
Bangalore 85,560 78,430

Silver Prices in India on February 27, 2025

The international silver price has declined by 0.51% to $31.76 as of 12:36 PM. In India, silver prices have dropped by ₹580 per kg.

Silver Prices Across Major Indian Cities

 

City Silver Rate in ₹/KG 
Mumbai 94,510
Delhi 94,350
Kolkata 94,380
Chennai 94,790

Key Takeaways

  • Gold Prices: Both 22-carat and 24-carat gold prices have declined across major Indian cities, with international gold prices dropping below $2,900.
  • Silver Prices: Silver prices have decreased in both international and domestic markets.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 27, 2025, 3:01 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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