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New Delhi, February 27 – Gold prices in India witnessed a decline on Thursday, February 27, as the U.S. Dollar strengthened and U.S. bond yields rose. Industry experts predict a volatile week ahead for both gold and silver prices.
As of 6:50 a.m. on February 27, the price of gold in India stood at ₹86,140 per 10 grams.
Latest Gold Prices in India
The updated gold rates across different purity levels are as follows:
- 24-Karat Gold – ₹8,738 per gram (down by ₹44), ₹87,380 per 10 grams (down by ₹440)
- 22-Karat Gold – ₹8,010 per gram (down by ₹40), ₹80,100 per 10 grams (down by ₹400)
- 18-Karat Gold – ₹6,554 per gram (down by ₹33)
Why Are Gold Prices Falling?
Gold prices are highly volatile and influenced by global and domestic factors, including:
Global demand and supply fluctuations
Changes in interest rates affecting investment trends
Currency exchange rates, particularly the US Dollar vs. Indian Rupee
Government policies impacting the import and taxation of gold
Major international events that affect investor sentiment
Gold Prices in Major Indian Cities (February 27)
Here’s a look at gold prices across major Indian cities for 22K and 24K gold:
| City | 22-Karat Gold (₹/gm) | 24-Karat Gold (₹/gm) |
|---|---|---|
| Delhi | ₹8,025 | ₹8,753 |
| Noida | ₹8,025 | ₹8,753 |
| Chennai | ₹8,010 | ₹8,738 |
| Bangalore | ₹8,010 | ₹8,738 |
| Mumbai | ₹8,010 | ₹8,738 |
| Hyderabad | ₹8,010 | ₹8,738 |
| Kolkata | ₹8,010 | ₹8,738 |
| Ahmedabad | ₹8,015 | ₹8,743 |
| Patna | ₹8,015 | ₹8,743 |
Market Outlook
As global economic factors continue to evolve, gold prices are expected to remain volatile. Investors and buyers should keep a close watch on currency movements, interest rate trends, and geopolitical developments that could impact the yellow metal’s value in the coming days.
