Mumbai, February 27: Gold and silver prices witnessed a significant increase on Friday, with gold prices surpassing ₹1.59 lakh per 10 grams and silver prices exceeding ₹2.66 lakh per kilogram. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold rose by ₹1,075 to reach ₹1,59,097 per 10 grams, up from ₹1,58,022 per 10 grams previously.
The price of 22-carat gold increased by ₹985, now standing at ₹1,45,733 per 10 grams, compared to ₹1,44,748 per 10 grams earlier. Meanwhile, 18-carat gold is priced at ₹1,19,323 per 10 grams, up from ₹1,18,517 per 10 grams.
Silver also saw a notable rise, with its price increasing by ₹6,033 to ₹2,66,700 per kilogram, up from ₹2,60,667 per kilogram.
In the futures market, gold and silver prices are also on the rise. The price for gold contracts for April 2, 2026, on the Multi Commodity Exchange (MCX) increased by 0.45% to ₹1,60,435, while silver contracts for May 5, 2026, rose by 2.45% to ₹2,74,520.
Internationally, gold and silver prices are also climbing, with gold priced at $5,204 per ounce, up by 0.20%, and silver at $89.66 per ounce, up by 3.07% at the time of writing.
Experts attribute the surge in gold and silver prices to the ongoing indecisiveness in negotiations between Iran and the United States, prompting investors to seek safety in these precious metals.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
