New Delhi: Gold prices in India declined on February 26, with the price of 24-carat gold falling to ₹1,59,650 per 10 grams. The drop represents a decline of ₹1,620 compared to the previous session’s closing price.
Similarly, 22-carat gold was priced at ₹1,46,346 per 10 grams, while 18-carat gold stood at ₹1,19,738 per 10 grams. The fall across categories reflects a roughly 1% drop in domestic bullion rates.
Gold prices in India are influenced by several factors, including global spot gold rates, fluctuations in the US dollar, import duties, and geopolitical developments affecting investor sentiment.
Gold Remains Costlier in India Than Dubai
Despite the latest decline, gold prices in India continue to remain higher than those in Dubai. On February 26, the price of 24K gold in India stood at ₹1,59,650 per 10 grams, while in Dubai it was around ₹1,53,433.
This creates a price difference of about ₹6,217, meaning gold in India is roughly 4.05% more expensive. The difference largely arises due to import duties, taxes, and additional charges applied in the Indian market.
Gold Rate Today in India (₹ per 10 grams)
| Type | Today’s Price (₹) | Yesterday’s Price (₹) | Change (₹) | Change (%) |
|---|---|---|---|---|
| 24 Carat | 159,650 | 161,270 | -1,620 | -1.00% |
| 22 Carat | 146,346 | 147,831 | -1,485 | -1.00% |
| 18 Carat | 119,738 | 120,953 | -1,215 | -1.00% |
Gold Prices in Major Indian Cities
| City | 24 Carat (₹) | 22 Carat (₹) | 18 Carat (₹) |
|---|---|---|---|
| Ahmedabad | 159,860 | 146,538 | 119,895 |
| Bengaluru | 159,780 | 146,465 | 119,835 |
| Chennai | 160,120 | 146,777 | 120,090 |
| Delhi | 159,380 | 146,098 | 119,535 |
| Hyderabad | 159,910 | 146,584 | 119,933 |
| Kolkata | 159,440 | 146,153 | 119,580 |
| Mumbai | 159,650 | 146,346 | 119,738 |
| Pune | 159,650 | 146,346 | 119,738 |
| Surat | 159,860 | 146,538 | 119,895 |
(Prices may vary across jewellers depending on local taxes, logistics, and making charges.)
Why Gold Prices Are Moving
Gold prices remained largely stable in intraday trade but showed upward momentum in global markets. A weaker US dollar has made gold cheaper for overseas investors, boosting demand for the precious metal.
Additionally, geopolitical uncertainty in the Middle East has increased demand for gold as a safe-haven asset. Investors often turn to gold during periods of political or economic instability.
Market Outlook for Investors
Analysts believe gold prices could remain supported due to global uncertainties and expectations of interest rate cuts by the US Federal Reserve. Market participants are also closely watching diplomatic developments between the United States and Iran, which may influence commodity markets.
Experts suggest investors monitor both domestic bullion rates and international trends before making buying decisions, as global developments continue to drive movements in the gold market.