Ahead of the auspicious occasion of Mahashivratri, the prices of gold and silver have once again witnessed a decline. On Tuesday, gold and silver rates dropped by ₹10 to ₹100. After the revision, the new rates for gold stand around ₹62,000, and silver prices are close to ₹74,000.
Gold and Silver Prices on February 27, 2024
For those considering purchasing gold or silver before Mahashivratri, checking the rates on February 27 is crucial. On Tuesday, there was a slight dip in the prices. After the latest adjustments, the rates for gold are around ₹62,000, and silver is priced at ₹74,000. Let’s explore the fresh rates for 22 and 24-carat gold.
Today’s Rates – February 27, 2024
As per the latest data released by the bullion market on Tuesday, the rates for gold are trending at ₹57,740 for 22-carat and ₹62,930 for 24-carat. Additionally, 18 grams of gold is priced at ₹47,240. The silver market reflects a rate of ₹74,400 per kilogram.
Rates for 22-Carat Gold in Major Cities
On Tuesday, 22-carat gold rates for 10 grams are as follows
Bhopal and Indore: ₹57,600
Jaipur, Lucknow, and Delhi: ₹57,740
Hyderabad, Kerala, Kolkata, and Mumbai: ₹57,590
Rates for 24-Carat Gold in Major Cities
For 24-carat gold, the rates for 10 grams on Tuesday are
Bhopal and Indore: ₹62,800
Delhi, Jaipur, Lucknow, and Chandigarh: ₹63,930
Hyderabad, Kerala, Bangalore, and Mumbai: ₹62,830
Chennai: ₹63,370
Current Rates for 1 Kilogram of Silver
On February 27, 2024, the price of 1 kilogram of silver is ₹74,400 in cities like Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, and Delhi. In Chennai, Madurai, Hyderabad, and Kerala, the rate is slightly higher at ₹76,300. Bhopal and Indore are in line with the national average at ₹74,400.
Understanding Purity Levels
Gold marked as 24-carat is 99.9% pure, while 22-carat gold is around 91% pure.
The hallmark for 24-carat gold is 999, 23-carat is 958, 22-carat is 916, 21-carat is 875, and 18-carat is 750.
22-carat gold usually contains 9% of other metals like copper, silver, and zinc for making jewelry.Gold coins are usually available in 24-carat purity.It’s important to note that the mentioned rates are indicative and do not include GST, TCS, or other charges. For precise rates, it is advisable to contact local jewelers or check with reliable sources. Stay updated for more insights into the ever-changing gold and silver markets.