Gold prices declined in the domestic market on February 27, 2026, halting the recent upward trend. In the national capital, 24-carat gold was priced at Rs 1,61,820 per 10 grams. The decline followed weakness in international markets and profit booking by traders.
In Mumbai, 24-carat gold was recorded at Rs 1,61,010 per 10 grams. A day earlier, gold in the Delhi bullion market had closed at Rs 1,62,900 per 10 grams after falling Rs 1,300.
International Market Impact
Gold prices softened in the international market, where spot gold was trading at $5,176.21 per ounce. The weakness in overseas markets exerted direct pressure on domestic prices. Traders’ profit booking after a recent sharp rally in gold also contributed to the decline.
Delhi Gold Rates
In Delhi, 24-carat gold was priced at Rs 1,61,820 per 10 grams, while 22-carat gold stood at Rs 1,48,340 per 10 grams. The metal had declined by Rs 1,300 in the previous session in the national capital.
Prices in Mumbai, Chennai and Kolkata
In Mumbai, Chennai and Kolkata, 24-carat gold was priced at Rs 1,61,010 per 10 grams. In these cities, 22-carat gold was quoted at Rs 1,47,590 per 10 grams.
Pune and Bengaluru Rates
In Pune and Bengaluru, 24-carat gold was trading at Rs 1,61,010 per 10 grams, while 22-carat gold was priced at Rs 1,47,590 per 10 grams.
Other Key Cities
In Ahmedabad, 24-carat gold was priced at Rs 1,61,720 per 10 grams and 22-carat gold at Rs 1,48,240 per 10 grams. In Jaipur, Lucknow and Chandigarh, 24-carat gold stood at Rs 1,61,820 per 10 grams and 22-carat gold at Rs 1,48,340 per 10 grams. In Bhopal, 24-carat gold was quoted at Rs 1,61,720 per 10 grams and 22-carat gold at Rs 1,48,240 per 10 grams. In Hyderabad, 24-carat gold was priced at Rs 1,61,010 per 10 grams and 22-carat gold at Rs 1,47,590 per 10 grams.
Silver Prices
Silver prices also declined on February 27, with the metal trading at Rs 2,84,900 per kilogram in the morning session. A day earlier in the Delhi bullion market, silver had fallen by Rs 7,400, or nearly three percent, to Rs 2,70,500 per kilogram. In the international market, spot silver was trading at $87.28 per ounce.
In January, silver prices had crossed Rs 4,00,000 per kilogram.
JPMorgan Long-Term Estimate
Global investment bank JPMorgan Chase has raised its long-term gold price target to $4,500 per ounce. The bank has maintained its estimate of $6,300 per ounce by the end of 2026. JPMorgan said structural diversification trends in gold continue.
