Gold and silver prices experienced notable declines across India on February 28, 2025, as both the domestic market and global cues indicated waning demand amid broader economic concerns. On this day, the price for 24-carat gold fell to ₹87,370 per 10 grams, whereas 22-carat gold dropped to ₹80,090 per 10 grams, reflecting decreases of ₹440 and ₹400 respectively from the previous day's rates.
According to various market analyses, including detailed reports from major cities, gold prices exhibited slight fluctuations throughout the country. For example, the gold rate stood at ₹87,520 for 24-carat gold and ₹80,240 for 22-carat gold in Delhi, consistent with the prevailing rate trends seen elsewhere.
Here are the latest prices across major Indian cities for February 28:
Meanwhile, silver prices did not fare any differently, showing weakness as well. The price for silver, having dropped by ₹100, now sits at ₹97,900 per kilogram across prominent markets. Declines are attributed to several factors, including diminished demand from industrial users and fluctuations driven by the stronger U.S. dollar.
The recent decline for gold marks its continued fall after reaching record highs last week. This drop is ushered by the anticipation of the U.S. inflation data set to be released later today, which is likely to influence Federal Reserve monetary policy and has resulted in cautious investment behavior among buyers.
Global market dynamics are also worth noting. Gold futures saw prices diminish, with offers on the international market—such as April gold currently trading at ₹84,732 per 10 grams on the Multi Commodity Exchange (MCX)—indicating broad patterns of retreat following consistent rises over the past weeks.
Factors influencing the decline include:
- A stronger U.S. dollar making gold more expensive for buyers using other currencies.
- Expectations of rising interest rates diminishing gold's appeal as it is traditionally held as a hedge against inflation.
- Continued global supply and economic outlooks contributing to the shifts.
Overall, today's prices reflect the dramatic shifts occurring both domestically and on the international stage. Notably, the difference between the previous days' prices and current figures ideologically positions investors to be more cautious moving forward.
With fluctuATING rates, it is evident how global economic conditions significantly impact local gold market trends, prompting investors to keep close tabs on bullion dynamics. Whether it's the promise of upcoming economic reports or tariffs impacting international trade, these factors combine to dictate how gold—always viewed as a safe haven—behaves on the market.
The consistent demand for gold and silver as premier investment vehicles and their cultural significance within India ensures their positions will remain at the forefront amid such fluctuations. Stakeholders, from everyday consumers to larger investment firms, find themselves entrenched within this narrative as prices continue to rise and fall.
The backdrop of gold and silver pricing will remain tied to both local and international signals, as investors look to analyze what might come next.