Feb 27 Gold, Silver Price Update — Mumbai, Delhi, Chennai And Other Cities

India’s gold and silver prices on Friday, February 27, 2026 showed modest movements as bullion markets responded to mixed domestic and global cues, reflecting both investor caution and ongoing profit‑booking after recent rallies. The rates, tracked across major cities including Mumbai, Delhi and Chennai, provide insight for buyers, investors and traders ahead of the weekend.

Gold prices remained broadly stable with slight variations across cities. In Chennai, 24‑carat gold was trading at around ₹16,276 per gram, while in Mumbai it was around ₹16,101 per gram. Delhi recorded a similar rate of about ₹16,182 per gram, with 22‑carat and 18‑carat variants adjusting proportionately in all these markets. These prices represent a small tepid pullback following strong gains in recent sessions, as some investors opted to book profits and await clearer macroeconomic signals.

Silver prices in India held near recent consolidated levels, with rates in many cities hovering close to ₹2,84,900 per kilogram. On a per‑gram basis, silver was trading near ₹284–₹295 per gram in major hubs like Mumbai, Chennai and Hyderabad. The relative steadiness in silver reflects a balance between industrial demand and safe‑haven investment interest, despite short‑term fluctuations in global markets and currency movements that typically shape local rates.

Also Read: Gold Hits Rs 1.43 Lakh, Silver Drops to Rs 2.33 Lakh Per Kg amid Global Sell-off

Market analysts noted that while short‑term price movements have been modest, precious metals continue to be influenced by external factors such as international bullion trends, expectations around U.S. economic data, and the strength of the Indian rupee against the U.S. dollar. These dynamics often dictate investor appetite for gold and silver as hedges against volatility.

City‑wise variations also reflected local supply and demand conditions. For example, some urban centres showed marginally higher silver rates due to localized demand patterns, while gold prices in coastal markets mirrored broader national averages. Buyers are advised to verify rates with local jewellers, as listed prices typically exclude taxes, making charges and other levies that can differ regionally.

Overall, February 27’s bullion rates suggested a consolidation phase in India’s gold and silver markets, with traders and investors remaining attentive to both domestic consumption trends and global commodity cues that are likely to shape prices in the near term.

Also Read: Gold Hits Rs 1.43 Lakh, Silver Drops to Rs 2.33 Lakh Per Kg amid Global Sell-off