Gold Rate in India Jumps Rs 70,500 In Week! Silver Shines| Will Prices Rise Ahead of US Data? 26 Feb Outlook

Gold Rate in India: Gold prices extended their rally for the seventh straight session on Wednesday, February 25, while silver rates remained largely flat. In the international market, both gold and silver continued to trade higher amid escalating geopolitical tensions and fresh US trade concerns. As investors head into the Thursday, February 26 session, bullion traders will closely monitor developments like US-Iran nuclear talks and the release of US jobless claims data for further cues.

Gold Rate in India

The price of 24 karat gold in India jumped around Rs 11 per gram to Rs 16,189 per gram on Wednesdya, as per Goodreturns data at 10:30 am on Feb 25. The price of 24-karat gold has risen by around Rs 705 per gram over the past seven days, translating into an increase of approximately Rs 70,500 per 100 grams during the same period. The price of 22 karat gold in India surged by Rs 10 per gram to Rs 14,840 per gram. The rate of 18 karat gold in India increased by Rs 8 per gram to Rs 12,142 per gram.

Silver Rate in India

Silver price in India remained stable on Wednesday. Silver rate in India stood at Rs 285 per gram and to Rs 2,85,000 per kilogram.

Gold, Silver MCX

MCX gold rate on Wednesday for April contracts expiry were nearly 0.86% higher at Rs 1,61,345 per 10 grams on Wednesday at 10:24 pm. MCX silver rate for March contracts expiry were 2.71% higher at Rs 2,67,800 per kilogram on Wednesday. The international gold rate on Wednesday surged to around $5,180 per ounce on Wednesday, as per Trading Economics.

Gold, Silver Price Outlook

Gold and silver prices are likely to remain volatile in Thursday's trading session, with global cues driving near-term sentiment. Key triggers such as developments around the US-Iran nuclear talks, the release of US weekly jobless claims data, and corporate earnings announcements including results from NVIDIA could prompt sharp moves in bullion prices.

"A stronger USD and near-term profit taking can cap short-term upside. However, structural drivers remain supportive. Central bank accumulation, geopolitical tensions, and sticky global inflation expectations continue to limit downside. If US yields stabilise rather than surge, gold can regain momentum and comfortably regain above $5,200 again, particularly if there are any other events which create risk-off sentiment. The most recent dip looks more like consolidation than a trend reversal," explained Ross Maxwell, Global Strategy Operations Lead, VT Markets.

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