Gold and silver prices have experienced notable fluctuations across major Indian cities, reflecting changing market dynamics as we approach the end of February 2025. On February 26, the price for 10 grams of 22-carat gold was reported at ₹80,050, showing a decrease of ₹250, whereas the 24-carat gold was at ₹87,820, down by ₹270. The silver price stood at ₹1,06,000 per kilogram.
On February 27, prices slightly adjusted, with the 22-carat gold at ₹80,490 per 10 grams and the 24-carat gold at ₹87,810 per 10 grams. Silver maintained its price at ₹1,06,000 per kilogram, indicating no significant fluctuation. Observers have noted how the prices tend to dip amid the wedding season, typically presenting the highest demand for these precious metals, with earlier reports showing prices fluctuated as low as ₹70,000 per 10 grams for 22-carat gold and ₹80,000 for 24-carat gold.
Across various cities, the gold price trends are as follows: the rate for 24-carat gold recently hit ₹87,960 per gram in Delhi, reflecting slight variations compared to last week's rates. For Chennai, the price was recorded at ₹87,810 for 24-carat gold with silver priced at ₹110,600 per kilogram, slightly higher than other regions. Meanwhile, Mumbai saw prices around ₹87,380 for 24-carat gold and ₹101,000 for silver.
Despite fluctuation, the gold market has demonstrated resilience, soaring earlier this week to lifetime highs reaching ₹88,090 per 10 grams due to market optimism. Yet, as noted, prices dropped due to profit-taking by traders and reduced local demand, reflecting broader economic concerns. Reports noted this drop, stating, "Gold prices slipped to ₹87,810 per 10 grams and the 22K gold to ₹80,490 per 10 grams on Thursday," showing the volatility of these assets.
The demand for silver saw some changes as well, with prices retreating amid reduced need from industrial users. Silver prices recently dipped below ₹1,00,000 per kilogram and have remained weak. The adjustments were particularly pronounced on February 26 when silver prices saw significant drops due to factors influencing market demands, with recent figures at ₹97,900 per kilogram across multiple cities.
The dynamics influencing gold and silver prices include global trends, local demands, and the impact of seasonal events like weddings. Experts caution buyers to stay updated: "It's important for gold buyers to stay updated with live market trends," which has been echoed by various market analysts as fluctuations may happen frequently throughout trading sessions.
To conclude, keeping track of live market prices is imperative for potential buyers, especially during periods of notable fluctuation. While consumers must adapt to changing conditions, the intrinsic cultural significance of gold and silver continues to encourage investment interest, ensuring these market dynamics remain pivotal for traders and buyers alike.