On Thursday, February 27, there is good news for those planning to buy gold and silver. The futures prices of both precious metals have seen a decline on the Multi Commodity Exchange (MCX), making today a favorable time for jewelry buyers. Gold prices dropped by 0.18% to ₹85,717 per 10 grams, while silver prices saw a 0.50% decrease, reaching ₹96,064 per kilogram. The MCX remained closed on Wednesday in observance of Mahashivratri.
Gold Prices Rise by ₹250, Silver Falls Below ₹1 Lakh per Kg
On Tuesday, the upward trend in gold prices continued for the second consecutive day in the bullion market of the national capital. According to the All India Sarafa Association, gold prices increased by ₹250, reaching ₹89,350 per 10 grams. Similarly, 99.5% pure gold also saw a price rise of ₹250, bringing it to ₹88,950 per 10 grams, up from its previous closing price of ₹88,700 per 10 grams.
Earlier, on February 20, gold prices had reached an all-time high, with 99.9% purity gold touching ₹89,450 per 10 grams, while 99.5% purity gold peaked at ₹89,050 per 10 grams.
