Gold & Silver Rates Today in India: Gold Rally Continues for Second Day, Silver Nears Rs 3 Lakh/kg on 28 Feb

Gold prices in India surged for the second straight day on Friday, February 28, 2026, extending their rally. The price of 24 karat (24K) gold jumped sharply to Rs 16,473 per gram, translating to Rs 1,64,730 per 10 grams. In a single session, 24K gold gained Rs 316 per gram.

Gold, Silver Rates Today on 28 February 2026

Silver rates, which had remained frozen for the last two sessions, also sprang back to life. On Saturday, the final trading day of February 2026, silver price jumped by Rs 10,000 per kilogram to trade at Rs 2,95,000 per kg, breaking its brief consolidation phase and signaling renewed buying interest.

The sharp rise in precious metals mirrors growing nervousness in global markets. As geopolitical tensions threaten to escalate in the Middle East, gold has climbed back above $5,200 an ounce internationally, underlining its role as the ultimate insurance asset.

Latest 22K, 24K & 18K Gold Prices Today in India

24 Karat Gold Rate Today in India

On 28 February 2026, the price of 24 Karat gold rose to Rs 16,473 per gram, up by Rs 316 from yesterday's rate of Rs 16,157. On a larger scale, 8 grams of 24K gold now costs Rs 1,31,784, while 10 grams is priced at Rs 1,64,730, marking a jump of Rs 3,160 in a single day. For bulk buyers, 100 grams of 24K gold surged to Rs 16,47,300, up by Rs 31,600.

22 Karat Gold Rate Today in India

The rally was equally strong in 22 Karat gold on Saturday. The price of 22K gold climbed to Rs 15,100 per gram, gaining Rs 290 compared to yesterday. As a result, 8 grams is now priced at Rs 1,20,800.

Meanwhile 10 grams of 22K today costs Rs 1,51,000, reflecting a daily rise of Rs 2,900. The price of 100 grams of 22-carat gold jumped to Rs 15,10,000, up by Rs 29,000.

18 Karat Gold Rate Today in India

The price of 18 Karat gold rose to Rs 12,355 per gram on 28 February 2026, up Rs 237 from the previous day. 8 grams now costs Rs 98,840, while 10 grams is priced at Rs 1,23,550, gaining Rs 2,370. On a larger scale, 100 grams of 18 Karat gold surged to Rs 12,35,500, marking an increase of Rs 23,700.

Silver Prices Today in India (28 February 2026)

Silver prices in India witnessed a notable increase on 28 February 2026, extending their upward momentum. The price of silver per gram rose to Rs 295, up by Rs 10 from yesterday's rate of Rs 285. For 8 grams, silver now trades at Rs 2,360, compared to Rs 2,280 previously.

The 10 gram rate of silver on Saturday has climbed to Rs 2,950, marking a daily gain of Rs 100. Bulk silver buyers also saw higher prices, with 100 grams priced at Rs 29,500, up Rs 1,000 and 1 kilogram reaching Rs 2,95,000, up by Rs 10,000 from the previous session.

Why Gold & Silver Prices Are Rising?

"Gold and silver are moving higher despite a firm USD because safe-haven demand is currently outweighing the normal relationship. When investors become concerned about geopolitical risk, trade disruptions or slowing global growth, they will prioritise capital preservation over anything else, which can bring strength to both the USD and gold as safe-havens," said Ross Maxwell, Global Strategy Operations Lead, VT Markets.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.

Credit: Goodreturns