Gold and Silver Prices in India Hold Steady at Market Close on February 27, 2026: City-Wise Rates and Analysis

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27 Feb 2026 — 3 min read

Gold and Silver Prices in India Hold Steady at Market Close on February 27, 2026: City-Wise Rates and Analysis

Gold and silver prices in India ended largely unchanged at the close of trading on February 27, 2026, with both metals maintaining steady levels amid mixed global cues. Gold 24K held firm around ₹1,61,020 per 10 grams in major cities, while silver stabilised at ₹2,85,000 per kg after recent volatility. A marginally stronger US dollar weighed on sentiment, offsetting gains from geopolitical tensions.

Market Close Gold and Silver Prices

City	24K Gold (₹/10g)	22K Gold (₹/10g)	Silver (₹/kg)
Delhi	1,61,830	1,48,350	2,85,000
Mumbai	1,61,020	1,47,600	2,85,000
Chennai	1,62,770	1,49,200	2,95,000
Bengaluru	1,61,020	1,47,600	2,85,000
Hyderabad	1,61,020	1,47,600	2,95,000
Kolkata	1,61,020	1,47,600	2,85,000

Note: These are indicative retail closing rates excluding GST, TCS, and other levies. Actual prices may vary slightly due to local premiums, making charges, and jeweller policies.

Intraday Movement & Price Direction

Domestic gold prices opened marginally higher, tracking early Comex gains, but consolidated through the session to close flat versus the previous day. MCX gold futures hovered around ₹1,60,170 mid-session before easing to settle near ₹1,60,191 per 10g, a nominal 0.3% rise intraday but unchanged in spot retail terms. Silver exhibited mild volatility, swinging ₹8,300 per kg early on geopolitical buying before profit-booking pulled it back to steady at ₹2,85,000/kg, showing less movement than gold's tight range.

Gold Rate Analysis

Gold's resilience stemmed from persistent safe-haven demand amid ongoing Middle East tensions and US policy uncertainties under President Trump. A firmer dollar index at around 104 limited upside, while the rupee's depreciation to ₹84.50 against the USD provided some support to import costs. Spot 24K rates tested resistance near ₹1,62,000/10g in Chennai but closed consolidating in a narrow ₹1,61,000-1,62,000 band across metros.

Silver Rate Analysis

Silver's performance diverged slightly, buoyed by industrial demand from electronics and solar sectors, though it underperformed gold with sharper intraday swings of up to 3% on MCX. Retail rates remained anchored at ₹2,85,000/kg in most cities, reflecting a ₹15,000 correction from peaks two days prior amid profit-taking. Chennai and Hyderabad saw premiums push silver to ₹2,95,000/kg, highlighting regional variations driven by maker demand.

Key Factors Driving Prices Today

Global bullion cues: Comex gold edged up 0.02% to $5,195/oz, while silver surged 3.61% to $90.14/oz on risk-off sentiment, influencing MCX openings.
USD-INR movement: Rupee weakened to ₹84.50, cushioning domestic prices against a stronger dollar index that capped gains.
Equity market sentiment: Nifty closed 0.2% lower at 24,800, boosting precious metals as investors sought safety amid volatility.
Industrial and geopolitical demand: Silver drew support from manufacturing recovery; gold benefited from US Fed rate cut expectations and regional conflicts.

What Today’s Close Signals

Friday's flat close signals ongoing consolidation after February's 18% silver drop from peaks, with both metals in a wait-and-see mode ahead of weekend news. Volatility eased intraday, as measured by narrower trading ranges, suggesting stabilising momentum rather than fresh directional bias. This pattern underscores gold's steadier profile versus silver's sensitivity to industrial flows, pointing to range-bound trading unless macro data shifts.