Gold Rate Today, Feb 28: Gold Prices Decline in India – Check Rates in Delhi, Mumbai, Hyderabad, Chennai & More

Gold prices continued their downward trend on Friday, February 28, with market experts predicting a volatile week ahead for both gold and silver. In India, 22-karat gold dropped by Rs 500, trading at Rs 79,600 per 10 grams, while 24-karat gold was recorded at Rs 86,840 per 10 grams, reflecting a decline of Rs 540 from the previous day.

Gold Price Decline Across Categories

The dip in gold prices affected all purity levels:

• 24-karat gold: Priced at Rs 8,684 per gram, down by Rs 54.
• 22-karat gold: Priced at Rs 7,960 per gram, down by Rs 50.
• 18-karat gold (999 purity): Priced at Rs 6,513 per gram, down by Rs 41.

Key Factors Affecting Gold Prices

Gold prices fluctuate due to various domestic and global factors, including:

• Variations in international demand
• Changes in interest rates
• Exchange rate fluctuations, particularly the US dollar to INR
• Government regulations and policies
• Significant geopolitical and economic developments

Gold Rates in Major Indian Cities

Gold Prices in Delhi and Noida

• The price of 22-karat gold stood at Rs 7,975 per gram, while 24-karat gold was priced at Rs 8,699 per gram.

Gold Prices in Chennai

• In Chennai, 22-karat gold was recorded at Rs 7,960 per gram, while 24-karat gold stood at Rs 8,684 per gram.

Gold Prices in Bangalore

• Bangalore recorded 22-karat gold at Rs 7,960 per gram and 24-karat gold at Rs 8,684 per gram.

Gold Prices in Mumbai

• In Mumbai, 22-karat gold was priced at Rs 7,960 per gram, while 24-karat gold was at Rs 8,684 per gram.

Gold Prices in Hyderabad

• Hyderabad saw gold rates of Rs 7,960 per gram for 22-karat gold and Rs 8,684 per gram for 24-karat gold.

Gold Prices in Kolkata

• Gold prices in Kolkata were recorded at Rs 7,960 per gram for 22-karat gold and Rs 8,684 per gram for 24-karat gold.

Gold Prices in Ahmedabad

• In Ahmedabad, 22-karat gold was priced slightly higher at Rs 7,965 per gram, while 24-karat gold was Rs 8,689 per gram.

Gold Prices in Patna

• Patna recorded gold prices of Rs 7,965 per gram for 22-karat gold and Rs 8,689 per gram for 24-karat gold.

Market Outlook

With ongoing economic uncertainties and fluctuating gold prices, investors and consumers should closely monitor market trends before making purchasing decisions.