As of February 27, 2025
Gold Price INDIA Today’s Update and Market Outlook
Current Gold Prices:
- 24-carat gold in Mumbai is priced at ₹8,738 per gram.
- 22-carat gold is priced at ₹8,010 per gram.
These figures reflect a slight decline from previous highs - 18 carat gold price : By applying the purity factor:
₹8,738 × 0.75 ≈ ₹6,554 per gram.
This provides an estimated price for 18 karat gold based solely on its gold content -
3D rendering Indian Rupee sign, indian rupee sign and golden coin with arrow pointing upwards background, Financial and banking about house concept, Investment and financial success concept background. - Recent Market Movement:
- Last week, domestic gold prices in india reached record highs of ₹86,592 per 10 grams.
- The surge in gold prices has now led to a notable drop in demand, with India’s gold imports projected to fall by 85% in February compared to the previous year—a two-decade low.
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Long-Term Outlook:
- Despite the short-term dip, the long-term sentiment remains bullish.
- Goldman Sachs has revised its year-end forecast for gold prices to $3,100 per ounce, up from $2,890, anticipating continued central bank demand and potential monetary policy shifts.
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Local Market Impact:
- Major jewellers such as Titan are adjusting their strategies amid these fluctuations.
- Titan is expecting up to 20% growth in its jewellery business for fiscal 2026, driven by affluent customer demand. However, they also acknowledge that sustained high gold prices may pressure profit margins if the trend persists.