moneydaily.in

Gold Price India, Feb 26: 24k/100 Grams Gold Rate Falls Rs 2700 On Mahashivratri

Gold Price India, Feb 26: 24k/100 Grams Gold Falls Rs 2700 On Mahashivratri 2025

Gold prices finally declined in India today as the country is celebrating Mahashivratri. Hindus all across the world show their devotion to Lord Shiva by fasting, chanting mantras, and doing meditation throughout the night. Meawhile, gold buyers today heaved a sigh of relief after rally in yellow metal prices came to a halt today. 24k gold price today slipped by Rs 270 to Rs 87,820/10 grams and 100 grams of 24k precious metal prices edged lower by Rs 2700 to Rs 8,78,200 on Wednesday.

On the other hand, 22k precious metal prices declined by Rs 250 to Rs 80,500/10 grams and 100 grams of 22k gold price fell by Rs 2500 to Rs 8,05,000. 18k gold prices witnessed fall of Rs 200 to Rs 65,870/10 grams and 100 grams of 18k yellow metal prices turned cheaper by Rs 2000 to Rs 6,58,700. 1 gram gold price for 22k is Rs 8,050, 1 gram yellow metal price for 24k is Rs 8,782, and 1 gram precious metal prices for 18k is Rs 6,587 after decline of Rs 25, Rs 27, and Rs 20, respectively.

Gold Price India, Feb 26: 24k/100 Grams Gold Falls Rs 2700 On Mahashivratri

How Much Gold Prices Jumped In 2025?

22k gold price on January 1, 2025 stood at Rs 71,500/10 grams and today the prices of 22k yellow metal prices surged to Rs 80,500, indicating a jump of 12.59% in 2025 only. According to Reuters report, High inflation may force the Fed to keep interest rates higher, diminishing the non-yielding gold’s appeal. “If the numbers confirm the underlying fear that inflation is ticking higher again, Fed rate-cutting expectations could be further reined in,” said Tim Waterer, chief market analyst at KCM Trade.

According to Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, “market participants are now focused on the upcoming PCE Price Index, which could act as the next major trigger, alongside ongoing developments in Trump’s tariff policies.”

Spot Gold Prices Today

Spot gold jumped 0.1% to $2,916.84 an ounce as of 0513 GMT, after slipping over 2% on Tuesday. U.S. gold futures jumped 0.4% to $2,930.30. Spot silver zoomed 0.1% to $31.76 an ounce, platinum declined 0.2% to $964.80 and palladium zoomed 0.7% at $934.40, according to Reuters.

22k Gold Price In Last 5-Days In India (for 1 gram)

1 gram of 22k gold price in India today fell by Rs 25, rallied by Rs 20 on February 25, surged by Rs 10 on February 24, stayed flat on Feb 23, and gained by Rs 20 on February 22.

Gold Price Outlook

According to Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited (RSBL), “US President Donald Trump stated that tariffs on imports from Canada and Mexico are “on time and schedule” and that reciprocal tariffs on other nations will also proceed as planned. This increases the possibility of trade tensions escalating further and feeds worries about their effects on the global economy, which could continue to support the safe-haven precious metal. The Federal Reserve’s two-quarter percentage point rate cut this year was confirmed by the latest worse US macro data, which may also help to minimize losses for the non-yielding metal.”

The largest gold-backed ETF in the world, SPDR Gold Trust, also backed the precious metal, stated that its holdings increased to 904.38 tonnes on Friday, the highest level since August 2023. Gold Apr Futures traded at a new record high of $2974 (~Rs 83515) yesterday, having cleared the resistance of $2965 (~Rs 86300) on the continued uncertain environment of tariffs. Gold prices are moving towards the next psychological resistance, targeting $3000 (~Rs 87200-300) and beyond, added Prithviraj Kothari.

Silver Prices Today In India

Silver prices in India today witnessed steep decline after remaining steady on February 25, 2025. 1kg silver price today declined by Rs 3000 to Rs 98,000 and 100 grams silver prices on Wednesday stood at Rs 9,800 after fall of Rs 300.

Where Gold Prices Are Cheaper Today In World? 

Gold prices in Kuwait are relatively cheaper today at Rs 7,545 per gram for 22k gold. Gold prices are relatively pricier in Nepal where you need to pay Rs 8,395 for 1 gram of 22k yellow metal.

1 Gram Gold Rate In Key Metro Cities And States Of India On Feb 25, 2025

City 22k Gold Price Per Gram
Chennai Gold Price Today 22 carat gold rate is Rs 8,050
Mumbai Gold Price Today 22K gold price is Rs 8,050
Delhi Gold Rate Today 22K yellow metal price is Rs 8,065
Kolkata Gold Price Today 22 carat gold price is Rs 8,050
Bangalore Gold Price Today 22K gold rate is Rs 8,050
Hyderabad Gold Prices Today 22 carat gold rate is Rs 8,050
Kerala Gold Prices Today 22 carat gold rate is Rs 8,050
Gold Price In Lucknow Today 22 carat gold price is Rs 8,065
Patna Gold Rate Today 22k precious metal price is Rs 8,055

(Gold price figures source: Goodreturns.in)

Disclaimer: The story highlights gold prices and should not be considered an investment advice by Moneydaily.in or the author.  Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult an expert before making any investment decisions.

Recommended: Gold Price India, Feb 25: 22k/100 Grams Gold Rate Rallies Rs 2,000; Outperforms Equity

 

Leave a Reply

Your email address will not be published. Required fields are marked *