Gold Rate Today Feb 27: Gold prices edged higher on February 27, with domestic and MCX rates showing fresh movement across major Indian cities.
Gold Rate Today Feb 27: Latest Gold Prices in India
Gold prices continue to fluctuate daily, and February 27 was no exception. However, after recent volatility, rates showed a slight upward movement in the domestic bullion market. Meanwhile, global spot gold remained steady at $5,176.21 per ounce, reflecting ongoing movement in international markets.
According to the Indian Bullion and Jewellers Association (IBJA), gold had slipped to ₹1,58,022 per 10 grams by Thursday evening in earlier trading. However, fresh buying interest pushed prices higher in retail markets across India. Consequently, investors and jewellery buyers are closely tracking daily movements before making purchase decisions.
24K, 22K and 18K Gold Price in India Today
As of today, the price of 24-carat gold in India stands at ₹16,157 per gram. In addition, 22-carat gold is priced at ₹14,810 per gram, while 18-carat gold is trading at ₹12,118 per gram. These rates reflect average domestic bullion prices and may vary slightly by city due to local taxes and making charges.
Also Read: Gold Price Falls Up to ₹1,890 Today: Check Latest 22K & 24K Gold Rates in Major Indian Cities
| Gold Purity | Price (Per Gram) |
|---|---|
| 24 Carat | ₹16,157 |
| 22 Carat | ₹14,810 |
| 18 Carat | ₹12,118 |
Moreover, 24K gold remains the preferred choice for investment purposes, whereas 22K gold is widely used in jewellery making due to its durability. Therefore, buyers should choose based on their specific needs—investment or ornaments.
MCX Gold and Silver Futures Update
On the Multi Commodity Exchange (MCX), gold futures witnessed strong movement. The MCX Gold April contract rose by nearly ₹500 to trade at ₹1,60,177 per 10 grams. Meanwhile, the MCX Silver March contract jumped sharply by ₹7,100 to ₹2,66,800 per kilogram.
However, in the previous trading session, gold April futures had declined nearly 1% to close at ₹1,59,709 per 10 grams. Similarly, silver March futures fell 3% and settled at ₹2,59,669 per kilogram. This back-to-back volatility highlights how sensitive bullion prices remain to global cues and currency fluctuations.
City-Wise Gold Price Today in Major Indian Markets
Gold rates differ slightly across cities due to logistics, local demand, and state-level taxes. Below are the latest city-wise prices per 10 grams:
| City | 24K Gold | 22K Gold |
|---|---|---|
| Delhi | ₹1,61,820 | ₹1,48,340 |
| Mumbai | ₹1,61,010 | ₹1,47,590 |
| Chennai | ₹1,61,010 | ₹1,47,590 |
| Kolkata | ₹1,61,010 | ₹1,47,590 |
| Pune | ₹1,61,010 | ₹1,47,590 |
| Bengaluru | ₹1,61,010 | ₹1,47,590 |
| Jaipur | ₹1,61,820 | ₹1,48,340 |
| Bhopal | ₹1,61,720 | ₹1,48,240 |
| Lucknow | ₹1,61,820 | ₹1,48,340 |
| Chandigarh | ₹1,61,820 | ₹1,48,340 |
Interestingly, Delhi, Jaipur, Lucknow, and Chandigarh share similar price levels for both 22K and 24K gold. On the other hand, cities like Mumbai, Chennai, Kolkata, Pune, and Bengaluru show slightly lower rates. Consequently, buyers often compare nearby city prices before making high-value purchases.
Why Gold Prices Are Fluctuating
Gold prices move daily due to multiple global and domestic factors. International spot rates, US dollar strength, inflation data, geopolitical tensions, and central bank policies significantly influence bullion trends. Additionally, MCX futures trading activity plays a key role in short-term price swings in India.
Also Read: Silver Price Today: 999 Purity Silver Rates in Delhi, Mumbai & Chennai – Check Latest Price per Kg
Moreover, local demand during wedding seasons and festive periods also impacts retail prices. Therefore, investors should monitor both global spot prices and MCX movements before making decisions. Meanwhile, long-term investors often view temporary dips as buying opportunities.
Overall, February 27 reflects continued volatility in the gold market, with mild upward momentum in domestic trading. As prices keep shifting, staying updated with daily gold rates becomes essential for both investors and jewellery buyers.