Gold and silver prices rose on February 27. According to the India Bullion and Jewelers Association (IBJA), 10 grams of 24-carat gold increased by Rs 1,065 to reach Rs 1.59 lakh. Meanwhile, one kilogram of silver increased by Rs 7,233 to reach Rs 2.61 lakh. This year, gold and silver prices have been continuously fluctuating. Gold has become more expensive by Rs 25,892 and silver by Rs 37,480 so far in 2026. During this period, on January 29, gold reached an all-time high of Rs 1.76 lakh and silver reached Rs 3.86 lakh. 4 reasons why gold prices differ in different cities 4 Main Reasons for Increase in Gold-Silver Prices Gold could reach Rs 1.80 lakh According to investment banking company UBS, gold demand remains strong. In 2025, central banks worldwide purchased 863 tons of gold. Now it is estimated that this buying could increase to 950 tons in 2026. Additionally, investment in gold ETFs is also expected to increase to 825 tons. UBS is fully confident that gold prices will rise further in 2026. According to the report, gold could touch a high level of $6,200 per ounce by mid-year. In terms of rupees, the price of gold could go up to Rs 1.80 lakh per 10 grams. Keep these 2 things in mind while buying gold 1. Buy only certified gold: Always buy certified gold with Bureau of Indian Standards (BIS) hallmark. This number can be alphanumeric like AZ4524. Hallmarking indicates how many carats the gold is. 2. Cross Check Prices: Cross check the correct weight of gold and its price on the day of purchase from multiple sources (like India Bullion and Jewellers Association website). Gold prices vary based on 24 carat, 22 carat and 18 carat. 4 Ways to Identify Real Silver Post navigation Tracking weak global cues, Sensex Nifty open under pressure:Rising geo-political tensions weigh on investors
