Gold and Silver Prices on February 27: Gold Slips Amid Weak Global Trends, Check Rates in Your City
Gold prices witnessed a decline in early trade on Thursday, February 27, 2025, amid weak global cues and subdued local demand. After touching lifetime highs of ₹88,090 per 10 grams (24K gold) earlier this week, the precious metal saw profit-taking and reduced buyer interest, leading to a drop in prices.
Silver prices also eased by ₹100 per kg, reflecting lower demand from industrial buyers.
Gold and Silver Prices Today (February 27, 2025)
Gold Rates Across India
City 22K Gold (₹ per 10g) 24K Gold (₹ per 10g)
- Delhi ₹80,640 ₹87,960
- Mumbai ₹80,490 ₹87,810
- Chennai ₹80,490 ₹87,810
- Kolkata ₹80,490 ₹87,810
24K gold slipped to ₹87,810 per 10 grams, down from its record high earlier this week.
22K gold fell to ₹80,490 per 10 grams, following a dip in demand.
Silver Prices
Silver prices declined by ₹100 per kg, trading at ₹97,900 per kg in the early session.
Why Are Gold Prices Falling?
1. Weak Global Trends
In early Asian trade on Thursday, Spot Gold fell by 0.31% to $2,907 per ounce, reflecting weak investor sentiment globally.
2. Profit-Taking by Investors
After gold hit an all-time high earlier this week, investors booked profits, leading to a drop in prices.
3. Reduced Local Demand
Demand from jewelry buyers and retail investors remains subdued, contributing to the decline.
Should You Buy Gold Now?
- Short-Term Outlook: Prices may remain volatile, depending on global economic trends.
- Long-Term Investment: Gold continues to be a strong hedge against inflation and economic uncertainty.
- If you’re looking to buy gold or silver, this price dip could be a good buying opportunity before prices rise again.
Final Thoughts
Gold remains a safe-haven investment, but short-term fluctuations are expected. If you’re planning to invest, keeping an eye on global trends and local demand will help you make an informed decision.
What’s your take on the current gold price trend? Let us know in the comments!