Gold prices decline for the second consecutive day; 24-carat gold falls by ₹500 on February 28, 2025
Gold prices decline across major Indian cities; market trends and economic factors Influence fluctuations;
Today, on Friday 28 February, gold has become cheaper. The price of gold has fallen for the second consecutive day. On the last day of February, the price of 24-carat gold has fallen by Rs 500. At the same time, the price of 22-carat gold has come down by Rs 400. In the big cities of the country, the price of 24-carat gold is trading around Rs 87,300 and 22-carat gold is around Rs 80, 100.
Today's gold prices in major Indian cities:
New Delhi
24-carat gold – ₹87,520
22-carat gold – ₹80,240
Mumbai
24-carat gold – ₹87,370
22-carat gold – ₹80,090
Kolkata
24-carat gold – ₹87,370
22-carat gold – ₹80,090
Chennai
24-carat gold – ₹87,370
22-carat gold – ₹80,090
Today gold prices saw a decline. If the dollar strengthens or the US Federal Reserve decides to raise interest rates, then the price of gold may come down further. Apart from this, if the demand for gold decreases during the festive season or investors sell gold to make profits, then prices may come down. Therefore, it is important to keep an eye on the market, because economic changes or government policies affect the price of gold
The price of gold in India keeps changing due to many reasons, such as international market prices, government taxes and fluctuations in the value of rupee. Gold is not only a means of investment, but is also an important part of our traditions and festivals. Its demand increases especially during weddings and festivals.