Current Gold Prices in India: Fluctuations and Trends

Gold Price Overview

Today's Gold Rates: Recent days have seen notable changes in gold prices. As of Friday, February 27, the cost for 24-carat gold was recorded at Rs 1,58,970, while 22-carat gold was priced at Rs 1,45,728, and 18-carat gold at Rs 1,19,236. Both investors and jewellery shoppers in India closely monitor these rates. The Multi Commodity Exchange (MCX) reported a closing price of Rs 1,59,899 for gold on Thursday, a decrease from the previous closing of Rs 1,61,145. According to Goodreturns, on February 27, gold prices in India were Rs 16,102 per gram for 24-carat, Rs 14,760 per gram for 22-carat, and Rs 12,077 per gram for 18-carat gold.

Gold Prices in Major Cities

Market Trends

In the previous trading session, the price of 24-carat gold decreased by Rs 1,300, marking a nearly 1% drop to Rs 1,62,900 per 10 grams (including all taxes), down from Rs 1,64,200 per 10 grams. Traders attribute this decline to weak signals from international markets and some profit-taking after prices had reached a three-week peak earlier in the week. Additionally, a stronger US dollar has negatively impacted demand for gold, as reported by various sources. In global markets, spot silver fell by $1.91, or 2.15%, settling at $87.28 per ounce, while gold was slightly up at $5,176.21 per ounce.