Gold Price In India Today, 15th Feb: 22K & 24K/100 Grams Of Gold Falls Over Rs 10,000; 1 Kg Silver Stable

Today, February 15, gold prices fell precipitously due to central bank purchases, inflationary pressures, and international demand, which is not surprising given the current economic and geopolitical uncertainty. decline in the value of the Indian rupee in relation to the US dollar. Gold prices have remained unstable as a result of the Trump administration's recent tariff initiatives, which have also increased economic uncertainty worldwide.

Gold Price In India Today

In India, the current price of gold is Rs 8,607 per gramme for 24-carat gold and Rs 7,890 per gramme for 22-carat gold. The price of 22k of 10 grams of gold in India dropped by Rs 1,000 to Rs 78,900 on Saturday from Rs 79,900 on Friday, while the price of 22k of 100 grams of yellow metal dropped by Rs 10,000 to Rs 7,89,000 today from Rs 7,99,000 yesterday.

In India, the price of 24k of 10 grams of gold dropped by Rs 1,090 from Rs 87,160 on Friday to Rs 86,070 on Saturday. Meanwhile, the price of 24k of 100 grams of gold dropped by Rs 10,900 to Rs 8,60,700 today from Rs 8,71,600 yesterday.

While 18k of 100 grammes of yellow metal would cost Rs 6,45,600 in India today compared to Rs 6,53,800 yesterday, marking a price cut of Rs 8,200, 18k of 10 grammes of gold prices in India on Saturday hit Rs 64,560 compared to Rs 65,380 on Friday, showing a price drop of Rs 820.

Silver Rates In India Today

Silver prices were unchanged on Saturday as a result of the Trump administration's latest tariff initiatives, which have further increased economic uncertainty worldwide. In India, silver now costs Rs 1,00,500 per kilogramme and Rs 100.50 per gramme.

Gold Price Outlook

"Gold has always been a reliable safe-haven asset, and given the prevailing economic and geopolitical uncertainties, its upward momentum is not surprising. Currently, we are witnessing gold prices around ₹84,399 per 10 grams, and with global demand, central bank purchases, and inflationary pressures, reaching the ₹1 lakh mark is a distinct possibility," said Aksha Kamboj, Executive Chairman of Aspect Global Ventures Pvt. Ltd. And Vice president of the India Bullion and Jewellers Association (IBJA).

"Several factors are driving this surge, including increased gold reserves held by central banks, inflation concerns, and the depreciation of the Indian rupee against the US dollar. Additionally, the recent tariff policies imposed by the Trump administration have further contributed to global economic uncertainty, prompting investors to turn to gold as a hedge. However, ongoing peace talks between Russia and Ukraine, with Trump reportedly trying to intervene and ease geopolitical tensions, could lead to a major reversal in gold prices. Any de-escalation of global conflicts may reduce safe-haven demand and impact gold's bullish trend," the analyst added.

"That said, short-term fluctuations are natural, and while the broader trend remains bullish, investors should stay informed and make decisions based on solid market analysis. Higher gold prices enhance investment value for retail buyers and jewellers, but they also pose affordability challenges. It's a double-edged sword, but long-term investors are likely to benefit from the steady appreciation of gold," Aksha Kamboj further commented.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.