Gold price in India witnessed decline for 2nd consecutive day today amid stronger dollar and soaring Treasury yields as investors look forward to key inflation data to asses Federal Reserve’s policy trajectory. 24k gold price today declined by Rs 440 to Rs 87,380/10 grams and 100 grams of 24k precious metal prices turned cheaper by Rs 4,400 to Rs 8,73,800 on Thursday. 22k gold price today declined by Rs 400 to Rs 80,000/10 grams and 100 grams of 22k yellow metal prices today fell by Rs 4000 to Rs 8,01,000.
Meanwhile, 18k gold price today slipped by Rs 330 to Rs 65,540/10 grams and 100 grams of 18k precious metal prices edged lower by Rs 3300 to Rs 6,55,400. 1 gram gold price today for 22k stood at Rs 8,010 after decline of Rs 40, 1 gram yellow metal prices for 24k today fell by Rs 44 to Rs 8,738, and 1 gram precious metal prices today fell by Rs 33 to Rs 6,554.
Spot Gold Prices Today
Spot gold dived 0.6% to $2,897.91 an ounce by 0645 GMT. U.S. gold futures also witnessed dip of 0.7% to $2,909.30. Spot silver fell 0.2% to $31.77 an ounce, platinum dipped 0.1% to $964.70 and palladium remained flat at $926.47, according to Reuters.
22k Gold Price In Last 5-Days In India (for 1 gram)
1 gram of 22k gold price in India today declined again by Rs 40, fell by Rs 25 on Feb 26, zoomed by Rs 20 on February 25, rallied by Rs 10 on February 24, and remained flat on Feb 23.
Why Gold Prices Declined Today?
Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited (RSBL) said, “gold prices have retreated from highs on Dollar strength. The Dollar Index has recovered as Trump suggested a 25% reciprocal duty on European vehicles and other goods on Wednesday, raising expectations for another month-long postponement on heavy new duties on imports from Canada and Mexico that could go into effect on April 2.”
The Reuters report added, “a light pickup in the dollar and U.S. Treasury yields seen to be pressuring gold a bit in this session,” said Ilya Spivak, head of global macro at Tastylive, adding that the overall uptrend for gold is broadly intact.” The markets are sensitive to growth concerns at the moment after dismal U.S. PMI data last week, and any stronger-than-expected PCE outcomes that point away from Fed rate cuts in the near term might hurt gold, Spivak added.
Silver Prices Today In India
Silver prices in India today remained steady after declining a day before. 1kg silver price today stood at Rs 98,000. And, 100 grams silver prices on Thursday are retailing at Rs 9,800.
How Much Gold Prices Jumped In February So Far?
22k/10 grams gold price in India on Feb 1, 2025 stood at Rs 77,450/10 grams. Today 22k yellow metal prices are retailing at Rs 80,000/10 grams. It indicates a jump of 3.29% from Feb 1, 2025 to Rs Feb 27, 2025.
Where Gold Prices Are Cheaper Today In The World?
22k gold prices are cheaper in Saudi Arabia. Today if you are planning to buy 22k gold, you will need to pay Rs 7,021 per gram. Meanwhile, gold prices Nepal are relatively higher than other countries where 22k gold prices stood at Rs 8,397 per gram.
1 Gram Gold Rate In Key Metro Cities And States Of India On Feb 27, 2025
| City | 22k Gold Price Per Gram |
| Chennai Gold Price Today | 22 carat gold rate is Rs 8,010 |
| Mumbai Gold Price Today | 22K gold price is Rs 8,010 |
| Delhi Gold Rate Today | 22K yellow metal price is Rs 8,025 |
| Kolkata Gold Price Today | 22 carat gold price is Rs 8,010 |
| Bangalore Gold Price Today | 22K gold rate is Rs 8,010 |
| Hyderabad Gold Prices Today | 22 carat gold rate is Rs 8,010 |
| Kerala Gold Prices Today | 22 carat gold rate is Rs 8,010 |
| Gold Price In Lucknow Today | 22 carat gold price is Rs 8,025 |
| Patna Gold Rate Today | 22k precious metal price is Rs 8,015 |
(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.
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