Gold and silver price on February 28: Gold rate falls for 3rd straight day; check prices in your city

Gold prices fell for the third day in a row in major Indian cities on Friday, February 28, following losses in the global markets. The precious metal slipped below $2,900 an ounce to trade near a week’s low levels in the global markets ahead of the release of the key US PCE Price Index, which would give cues about the Fed rate cuts. Weak local demand also impacted the prices.

The 24K gold slipped to ₹87,370 per 10 grams and the 22K gold to ₹80,090 per 10 grams on Friday. The 24K gold had dropped by ₹440 and the 22K gold by ₹400 on Thursday. In early Asian trade on Friday, spot gold fell by 0.14% to $2,872 an ounce.

Gold Price Today in India (February 28, 2025)

In Delhi markets, 24K gold traded at ₹87,520 per 10 grams and 22K gold at ₹80,240 per 10 grams, down by ₹10 over the last close.

Gold Price Today in Major Cities:

Silver Price Today in India (February 28, 2025)

Silver prices moved in a tight range and slipped by ₹100 to ₹97,900 per kg in major Indian cities on Friday. Gains in the US dollar affected the metal’s appeal as a hedge against inflation.

US President Donald Trump threatened to impose additional 10% duties on China from March and reciprocal tariffs on Europe from April, which raised concerns of weak global growth. Slow growth could hit the industrial use appeal of the white metal. Spot silver was up by 0.3% at $31.35 an ounce in early Asian trade on Friday.

Silver Price Today in Major Cities:

Comparison of Gold and Silver Prices This Week

Gold has been declining since Tuesday after hitting its lifetime high levels. Domestic prices have moved largely in tandem with global prices, which retreated to a week’s low ahead of key US data. Silver prices also remained flat on weak demand from industrial users and mixed global cues.

Here’s a comparison of gold and silver prices from earlier this week: