Gold and Silver Prices Update for March 10, 2025
On March 10, 2025, gold prices saw a slight dip, capturing the attention of investors and enthusiasts alike. In India, the price of 24-carat gold now stands at ₹8,787.3 per gram, marking a reduction of ₹10. Meanwhile, 22-carat gold is priced at ₹8,056.3 per gram, also down by ₹10. The past week has shown a decrease of 0.62% for 24-carat gold, and a monthly decline of 0.55% continues to shape the market landscape. Silver, on the other hand, is priced at ₹102,100 per kg, reflecting a drop of ₹100.
Gold Prices Across Major South Indian Cities
The gold market varies significantly across southern cities in India. Here’s a quick look at current rates in five major cities:
Chennai
- Current Price: ₹87,721 per 10 grams
- Yesterday’s Price: ₹87,171 per 10 grams
- Last Week’s Price: ₹86,631 per 10 grams
Bangalore
- Current Price: ₹87,715 per 10 grams
- Yesterday’s Price: ₹87,165 per 10 grams
- Last Week’s Price: ₹86,625 per 10 grams
Hyderabad
- Current Price: ₹87,729 per 10 grams
- Yesterday’s Price: ₹87,179 per 10 grams
- Last Week’s Price: ₹86,639 per 10 grams
Visakhapatnam
- Current Price: ₹87,737 per 10 grams
- Yesterday’s Price: ₹87,187 per 10 grams
- Last Week’s Price: ₹86,647 per 10 grams
Vijayawada
- Current Price: ₹87,735 per 10 grams
- Yesterday’s Price: ₹87,185 per 10 grams
- Last Week’s Price: ₹86,645 per 10 grams
Silver Prices in Southern Cities
Silver prices, too, have witnessed fluctuations in these regions:
Chennai
- Current Price: ₹110,700 per kg
- Yesterday’s Price: ₹110,900 per kg
- Last Week’s Price: ₹107,600 per kg
Bangalore
- Current Price: ₹101,100 per kg
- Yesterday’s Price: ₹101,300 per kg
- Last Week’s Price: ₹99,000 per kg
Hyderabad
- Current Price: ₹111,300 per kg
- Yesterday’s Price: ₹111,500 per kg
- Last Week’s Price: ₹108,200 per kg
Visakhapatnam
- Current Price: ₹109,700 per kg
- Yesterday’s Price: ₹109,900 per kg
- Last Week’s Price: ₹106,600 per kg
Vijayawada
- Current Price: ₹112,100 per kg
- Yesterday’s Price: ₹112,300 per kg
- Last Week’s Price: ₹109,000 per kg
Factors Influencing Gold and Silver Prices
The fluctuations in gold and silver prices can be attributed to multiple factors that operate on both domestic and international levels. Here are some key influences:
- Global Demand: The worldwide appetite for gold and silver significantly impacts pricing.
- Currency Strength: Variations in currency values, particularly the US dollar, can affect the investment appeal of these metals.
- Interest Rates: Higher interest rates typically make gold and silver less attractive since they do not yield interest.
- Government Policies: Regulations surrounding the trade of precious metals can also sway market prices.
- Global Events: Economic shifts and geopolitical happenings can alter demand and pricing for gold and silver.
Insights from Experts
Industry experts, particularly jewelers, offer valuable perspectives on market trends and future price movements, helping investors make informed decisions.
For those looking to stay updated on gold prices across major northern cities, click here.
This comprehensive overview encapsulates the current state of gold and silver prices, providing essential insights for investors and consumers alike.
