Gold and Silver Rate Today(Feb 27, 2025): Yellow metal slips Rs 1,000 from record high; silver drops below Rs 1 lakh
Gold slips Rs 1,000 from record high; silver tumbles Rs 2,800 in a week amid global cues. MCX futures dip as US inflation concerns weigh on bullion market sentiment.
)
Gold and silver prices softened on February 27 as the yellow metal witnessed a dip of around Rs 1,000 from its record high. On the Multi Commodity Exchange (MCX), gold was trading above Rs 85,700 per 10 grams, while silver saw a steep fall of Rs 2,800 in the past week. The decline aligns with the global trend, as spot gold prices in the US slipped over 0.5 per cent, with COMEX gold trading above $2,910.
Gold loses momentum after record rally
After touching record highs multiple times in 2024, gold prices have softened amid concerns over rising US inflation and the Federal Reserve’s policy stance. Spot gold in the US market dropped over 0.5 per cent, with COMEX prices hovering above $2,910 per ounce.
MCX futures take a hit
Gold futures on MCX dropped Rs 113, trading at Rs 85,761 per 10 grams, compared to the previous close of Rs 85,874. Silver futures also slumped by Rs 392, quoting Rs 94,249 per kg. Market analysts attribute this decline to rising inflationary concerns in the US and anticipation of the Federal Reserve's future policy stance.
Gold and silver rates in major Indian cities (per 10 gm for gold, per kg for silver)
Gold prices in major Indian cities also reflected the declining trend:
| City | 22K Gold (Rs) | 24K Gold (Rs) | Silver (Rs) |
|---|---|---|---|
| Delhi | 80,250 | 87,530 | 98,000 |
| Mumbai | 80,100 | 87,380 | 98,000 |
| Kolkata | 80,100 | 87,380 | 98,000 |
| Chennai | 80,100 | 87,380 | 98,000 |
Bullion market update
Despite the dip in MCX futures, the bullion market in Delhi saw gold prices rise for the second consecutive day. The price of 99.9 per cent purity gold climbed by Rs 250 to Rs 89,350 per 10 grams. Silver, however, continued its downward trend, falling by Rs 500 to Rs 99,500 per kg, dipping below the Rs 1 lakh mark.
Silver traded at Rs 98,000 per kg across major cities.
Key factors impacting gold prices
Gold rates are primarily influenced by international market movements, import duties, exchange rate fluctuations, and domestic demand. With US inflation fears persisting, traders are closely watching the Fed’s monetary policy signals, which could impact bullion prices in the near term.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
)
)
)
)
)
)
12:18 PM IST
Gold prices fall over 3%, silver futures gain more than 2%
Jewellery stocks rally as gold breaches Rs 1 lakh-mark in Delhi; TBZ surges over 6% 
RBI issues new draft guidelines for gold loans to ensure uniformity, transparency, safety
Kalyan Jewellers Q4 Update: India revenue up 39%, store additions at 25—Stock shrugs off market crash
Gold Shines, Silver Stumbles: Is a flash crash coming or a golden opportunity?
