The gold rate declined in early trading on Thursday, February 27, 2025, influenced by weak global trends and diminished local demand.
Recent Highs and Subsequent Decline in Gold Rate
Earlier this week, gold rate reached an all-time high of ₹88,090 per 10 grams for 24-carat gold. However, profit-taking activities and a reduction in local demand led to a decrease in prices. On Thursday, 24-carat gold was priced at ₹87,810 per 10 grams, while 22-carat gold stood at ₹80,490 per 10 grams.
Global Market Trends
In the international market, spot gold fell by 0.31% to $2,907 per ounce during early Asian trading hours on Thursday. This decline reflects broader global market sentiments affecting the precious metals sector.
Gold Prices Across Major Indian Cities
Here’s a detailed breakdown of gold prices in key Indian cities as of February 27, 2025:
| City | 22K Gold (per 10 gm) | 24K Gold (per 10 gm) |
|---|---|---|
| Delhi | ₹80,640 | ₹87,960 |
| Mumbai | ₹80,490 | ₹87,810 |
| Chennai | ₹80,490 | ₹87,810 |
| Kolkata | ₹80,490 | ₹87,810 |
Silver Prices and Market Dynamics
Silver prices also witnessed a decline, easing by ₹100 to ₹97,900 per kilogram in the early session on Thursday. This drop is attributed to reduced demand from industrial users and unfavorable global trends. On Wednesday, silver prices had decreased by ₹3,000 per kilogram, influenced by global market movements and policy shifts. In early Asian trade on Thursday, spot silver was up by 0.33% at $31.74 per ounce.
Silver Prices in Major Indian Cities
The following table provides silver prices across key Indian cities as of February 27, 2025:
| City | Silver Price (per kg) |
|---|---|
| Delhi | ₹97,900 |
| Mumbai | ₹97,900 |
| Chennai | ₹1,04,900 |
| Kolkata | ₹97,900 |
Weekly Comparison of Gold and Silver Prices
Throughout the week, both gold and silver prices have experienced fluctuations. Gold prices declined for the second consecutive day on Thursday, primarily due to reduced local demand and profit-booking activities. The metal had reached record highs on Tuesday amid global trade concerns. Similarly, silver prices fell below ₹100,000 per kilogram on Wednesday and continued their downward trend on Thursday.
Below is a comparison of gold and silver prices over the past week:
| Date | 22K Gold (per 10 gm) | 24K Gold (per 10 gm) | 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 | ₹101,000 |
| Feb 24 | ₹80,550 | ₹87,870 | ₹101,000 |
| Feb 22 | ₹80,450 | ₹87,770 | ₹100,500 |
| Feb 21 | ₹80,250 | ₹87,750 | ₹100,400 |
| Feb 20 | ₹80,700 | ₹88,040 | ₹100,500 |
These trends highlight the volatility in the precious metals market, influenced by a combination of global economic factors and local demand dynamics.
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