Gold Rate in India Rises For 5th Day! Silver Crashes; Will Prices Fall Ahead Of US-Iran Talks? Feb 25 Outlook

Gold Rate in India: Domestic prices of gold continued to surge for the fifth consecutive session on Tuesday, February 24, while the silver rate in India saw a sharp decline during the session. Meanwhile, international prices of the commodities reversed their gains after surging for the past two to three days. As investors prepare for Wednesday's trading session, investors will closely track gold and silver price movement on February 25 ahead of Iran-US nuclear talks in Geneva.

Iran and US are set to restart their nuclear talks in Geneva from Thursday amid rising tensions between both the nations. Back in India, gold and silver prices are likely to remain volatile amid heightened geopolitical tensions and tariff uncertainty.

Gold Rate in India

The price of 24 karat gold in India jumped to Rs 16,178 per gram on Tuesday, February 24. The rate of 22 karat gold in India surged to Rs 14,830 per gram, and the rate of 18 karat gold n India increased by Rs 33 per gram to Rs 12,134 per gram, as per Goodreturns data at 9 pm on Tuesday.

Silver Rate in India

Silver rate in India on Tuesday saw a sharp decline. Silver price in India declined to Rs 285 per gram and to Rs 2,85,000 per kilogram. Silver remained highly volatile during in the last two months.

MCX Silver, Gold Rate

While domestic gold prices surged on Tuesday, gold rate on multi commodity exchange (MCX) saw a sharp decline in February 24 session. MCX gold rate on Tuesday for April contracts expiry was down 1.37% at Rs 1,59,390 per 10 gram at 8:50 pm. Whereas, MCX silver rate on Tuesday for March contracts expiry was down 2.58% at 2,58,497 per kilogram.

International gold rate on Tuesday declined nearly 1% to $5,170 per ounce after four straight sessions of gains, according to Trading Economics.

"Gold saw mild profit-booking at higher levels, while silver traded sideways, reflecting uncertainty in global cues. Ongoing concerns around global trade, tariffs, and the direction of US interest rates kept sentiment mixed across bullion markets. A firmer US dollar also limited upside, even as safe-haven demand stayed intact in pockets," explained Gaurav Garg, Research Analyst at Lemonn Markets Desk.

Gold, Silver Price Outlook

The domestic gold and silver prices may see some downward moment tracking the decline in global commodity prices. However, the precious metals are likely to move upwards amid rising geopolitical tensions and tariff concerns.

" Domestic prices continue to consolidate near recent highs, suggesting the market is taking a breather rather than reversing trend. Overall, precious metals appear to be in a pause-and-watch phase, with volatility likely to persist in the near term," added Garg.