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Gold Rate Today (February 21, 2025): Check latest rates of yellow metal in the major metro cities across India.
Gold Rate Today, February 21: Latest Prices & Market Updates in India.
Gold Rate Today in India Today, February 21, 2025: Gold prices, which have seen a sharp rise in the past few weeks amid escalating trade tensions following US President Donald Trump’s new tariffs, eased in the spot market on Friday across cities in India. The gold rate in Mumbai declined by Rs 450 to trade at Rs 80,250 per 10 grams for 22 carats. The 24-carat gold was also trading lower at Rs 87,750. Similarly, silver was also selling at a lower price of Rs 1,00,400 on February 21, 2025, against the previous close.
Axis Securities in its note said, “Comex (New York-based commodity exchange) gold prices surged to an all-time high of $2,955 in the previous session, driven by escalating trade tensions following President Donald Trump’s new tariffs. However, the metal pared gains from its peak and settled near $2,938, ending the session flat. Persistent tariff concerns have fuelled safe-haven demand for bullion, providing underlying support.”
On the MCX also, bullions were trading lower. Gold was trading down by 0.32 per cent at Rs 85,752 in the early trade, whereas silver was trading lower 0.44 per cent to Rs 96,960.
ICICI Securities in its note said, “Spot gold prices moved above the $2950 per ounce for the first time amid persistent trade war fears. Further, weakness in the US dollar and decline in US treasury yields after weaker than expected US economic numbers supported the yellow metal to hit new highs. Gold prices erased most of its gains towards the end of the session after Treasury Secretary Bessent, dampened speculation on devaluation of gold holdings.”
Here’s a detailed breakdown of gold prices across key cities (February 21, 2025):
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 80,300 | Rs 87,550 |
| Mumbai | Rs 80,250 | Rs 87,750 |
| Ahmedabad | Rs 80,300 | Rs 87,600 |
| Hyderabad | Rs 80,250 | Rs 88,100 |
| Jaipur | Rs 80,300 | Rs 87,550 |
| Patna | Rs 80,300 | Rs 87,600 |
| Chennai | Rs 80,250 | Rs 87,550 |
| Kolkata | Rs 80,250 | Rs 87,550 |
Silver Price Today In India (February 21, 2025)
Silver prices remained unchanged at Rs 1,00,400 per kg in the spot market across major Indian cities.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Known for its unmatched purity, 24-carat gold continues to attract buyers seeking premium quality. Meanwhile, 22-carat gold, prized for its durability and timeless charm, remains a favourite among jewellery enthusiasts and investors alike, striking a balance between elegance and practicality.
