Posted on February 27, 2025, by Niftynews
Gold and silver prices have experienced a dip on Thursday, February 27, 2025, influenced by weak global trends and poor demand from industrial users. The 24K gold price fell to ₹87,810 per 10 grams, and the 22K gold price declined to ₹80,490 per 10 grams. Silver prices also eased by ₹100 to ₹97,900 per kg due to subdued demand.
Let’s take a closer look at the latest prices across key cities in India and global factors affecting gold and silver prices today.
Gold Prices on February 27: Slips on Weak Global Trends
Gold prices faced a decline on February 27, with the yellow metal showing signs of weakening following a surge to lifetime highs earlier this week. The 24K gold price dropped to ₹87,810 per 10 grams, while the 22K gold price slipped to ₹80,490 per 10 grams. This decrease came amid profit-taking and reduced local demand.
Earlier this week, 24K gold reached a high of ₹88,090 per 10 grams due to trade tensions and rising global uncertainties. However, the price retreated as market sentiment turned bearish. Global spot gold fell by 0.31% to $2,907 an ounce in early Asian trade on Thursday.
Gold Price in Key Cities:
- Delhi: 22K gold at ₹80,640, 24K gold at ₹87,960
- Mumbai: 22K gold at ₹80,490, 24K gold at ₹87,810
- Chennai: 22K gold at ₹80,490, 24K gold at ₹87,810
- Kolkata: 22K gold at ₹80,490, 24K gold at ₹87,810
The drop in gold prices today reflects a combination of factors, including weaker global trends and a drop in local demand. However, with geopolitical tensions continuing, many expect the price to fluctuate in the near term.
Silver Prices on February 27: Eases Amid Low Demand from Industrial Users
Silver prices also saw a decline, with the price dropping by ₹100 to ₹97,900 per kg in early Thursday trading. The drop in silver prices is largely due to low demand from industrial users, coupled with weak global trends. On Wednesday, silver prices fell sharply by ₹3,000 per kg, with global markets experiencing a push toward fossil fuels in the U.S., which impacted the white metal’s performance.
In global markets, spot silver was up by 0.33% at $31.74 an ounce, but the overall trend was still bearish due to the poor demand conditions in the industrial sector.
Silver Price in Key Cities:
- Delhi: ₹97,900 per kg
- Mumbai: ₹97,900 per kg
- Chennai: ₹1,04,900 per kg
- Kolkata: ₹97,900 per kg
The continued weakness in silver prices is a reflection of both local market dynamics and broader global economic trends.g
Comparison of Gold and Silver Prices This Week
Gold and silver prices have seen fluctuations throughout the week, with gold prices dropping for the second consecutive day on Thursday. Below is a comparison of the prices of gold and silver from earlier this week:
| Date | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver Price (per kg) |
|---|---|---|---|
| Feb 27 | ₹80,490 | ₹87,810 | ₹97,900 |
| Feb 26 | ₹80,500 | ₹87,820 | ₹98,000 |
| Feb 25 | ₹80,750 | ₹88,090 | ₹1,01,000 |
| Feb 24 | ₹80,550 | ₹87,870 | ₹1,01,000 |
| Feb 22 | ₹80,450 | ₹87,770 | ₹1,00,500 |
| Feb 21 | ₹80,250 | ₹87,750 | ₹1,00,400 |
What’s Driving the Drop in Gold and Silver Prices?
Gold and silver prices have dropped largely due to weak global trends and poor local demand. The market has been sensitive to various global factors, including fluctuations in currency values and international trade tensions. While gold prices hit record highs earlier this week, profit-taking and reduced demand have led to a decline.
Silver, traditionally influenced by industrial demand, has faced pressure due to the reduced need for the metal in industries, further contributing to the price decline.
Conclusion: Gold and Silver Price Trends to Watch
The gold and silver market has shown volatility in the past few days. On February 27, gold prices slipped, and silver continued its downward trend. As demand weakens and global uncertainties continue to influence the market, the prices of both metals are expected to remain fluctuating. Investors should keep a close eye on global trends and local demand conditions to make informed decisions in the coming days.
