Gold and Silver Prices Drop Amid Weak Demand (February 27, 2025)
Gold prices fell in early trade on Thursday, February 27, due to weak global trends and low demand in the local market.
Earlier this week, gold prices reached an all-time high of ₹88,090 per 10 grams (24K gold). However, they dropped in the last session as investors booked profits and local demand weakened. On Thursday, the price of 24K gold fell to ₹87,810 per 10 grams, while 22K gold dropped to ₹80,490 per 10 grams.
In international markets, spot gold fell by 0.31% to $2,907 per ounce in early Asian trade.
Gold prices in India fluctuate due to various factors such as global market conditions and the value of the US dollar. These changes affect different cities based on local demand and supply. If you’re planning to invest in gold, here are some key points to consider.
24-Carat Gold: It is 100% pure gold with no other metals mixed.
22-Carat Gold: It contains 91.67% pure gold, with small amounts of other metals like silver or copper mixed in.
Knowing the difference between 24-carat and 22-carat gold can help you make an informed investment decision.
22 CARAT GOLD Rate Today 27.02.25
1 Gram: ₹8010
10 Gram: ₹80100
100 Gram: ₹801000
24 CARAT GOLD Rate Today
1 Gram: ₹8,738
10 Gram: ₹8,7380
100 Gram: ₹8,73800
Gold Prices in Major Indian Cities (February 27, 2025)
Delhi: 24K gold – ₹87,960 per 10 grams, 22K gold – ₹80,640 per 10 grams (down ₹10 from the previous day)
Mumbai: 24K gold – ₹87,810 per 10 grams, 22K gold – ₹80,490 per 10 grams
Chennai: 24K gold – ₹87,810 per 10 grams, 22K gold – ₹80,490 per 10 grams
Kolkata: 24K gold – ₹87,810 per 10 grams, 22K gold – ₹80,490 per 10 grams
Silver Prices Drop Further
Silver prices fell by ₹100 to ₹97,900 per kg on Thursday due to weak demand from industrial buyers and a decline in global markets. On Wednesday, silver had already dropped by ₹3,000 per kg as global prices declined due to increased fossil fuel investments in the US.
However, in early Asian trade on Thursday, spot silver rose slightly by 0.33% to $31.74 per ounce.
Silver Prices in Major Indian Cities (February 27, 2025)
Delhi: ₹97,900 per kg
Mumbai: ₹97,900 per kg
Chennai: ₹1,04,900 per kg
Kolkata: ₹97,900 per kg
Gold and Silver Price Trends This Week
Gold prices have been falling for two days due to profit-taking and low demand, despite reaching record highs on Tuesday. Silver also dropped below ₹1,00,000 per kg on Wednesday and continued to decline on Thursday.
Gold and Silver Price Comparison Over the Week
Date | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver (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 |
Feb 24 | ₹80,550 | ₹87,870 | ₹1,01,000 |
Feb 22 | ₹80,450 | ₹87,770 | ₹1,00,500 |
Feb 21 | ₹80,250 | ₹87,750 | ₹1,00,400 |
Feb 20 | ₹80,700 | ₹88,040 | ₹1,00,500 |
Gold and silver prices are expected to fluctuate based on global trends and demand in the coming days.
Key Factors Influencing Gold Prices in India
Gold prices in India are influenced by several factors, including:
Global Market Fluctuations: Changes in international gold prices impact Indian rates.
USD Strength: A stronger USD can increase gold prices in India.
Import Costs: Since India imports most of its gold, higher import costs raise prices.
Interest Rates on Fixed Deposits: Lower interest rates can lead to higher gold demand.
Economic Stability: Economic uncertainty often drives up gold prices.
Seasonal Prices: Festivals and weddings increase gold demand, affecting prices.
Inflation: High inflation boosts gold demand, leading to higher prices.
Demand and Supply: As with any product, gold prices rise when demand exceeds supply.