New Delhi, February 20, 2025 – Gold and silver prices have declined in the Indian markets today. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold fell by ₹192 to ₹86,541 per 10 grams, while silver dropped by ₹385 to ₹97,181 per kg.
Gold & Silver Prices Today (February 20, 2025)
| Metal | Previous Price (₹) | New Price (₹) | Change (₹) |
|---|---|---|---|
| 24-Carat Gold (10g) | 86,733 | 86,541 | -192 |
| Silver (1kg) | 97,566 | 97,181 | -385 |
Key Reasons Behind the Price Drop
- Weak Global Market Trends – Speculation of interest rate cuts in the US and UK diverted investors toward stock markets and other assets.
- Strengthening of the US Dollar – A strong dollar index exerted downward pressure on gold prices.
- Profit Booking – With gold reaching an all-time high recently, investors opted for profit booking.
- Low Domestic Demand – A decline in demand from jewelry makers and retail buyers in India contributed to the dip.
Gold Prices in Major Cities (₹ per 10g)
| City | 22-Carat Gold | 24-Carat Gold |
|---|---|---|
| Delhi | 80,850 | 88,190 |
| Mumbai | 80,700 | 88,040 |
| Kolkata | 80,700 | 88,040 |
| Chennai | 80,700 | 88,040 |
| Bhopal | 80,750 | 88,090 |
Will Gold Prices Rise Again?
- Analysts believe this drop may be temporary.
- Kedia Advisory predicts that gold could reach ₹90,000 per 10 grams by the end of 2025.
- If global economic uncertainty rises or the US dollar weakens, gold prices may climb again.
Things to Consider When Buying Gold
Check for BIS Hallmark – Always purchase certified, hallmarked gold.
Verify Weight & Purity – Understand the difference between 22-carat and 24-carat gold.
Compare Prices – Cross-check prices from different sources.
Choose Secure Payment Methods – Prefer UPI or bank transfers over cash payments.
Also Read: Gold and silver prices surge in 2024
