On March 6, 2025, the prices of gold and silver in India showed distinct movements, capturing the attention of investors and precious metal enthusiasts alike. Gold experienced a modest uptick, while silver saw a slight decline. With 24-carat gold now priced at ₹8816.3 per gram, this marks an increase of ₹600.0 from previous rates. Meanwhile, 22-carat gold is valued at ₹8083.3 per gram, reflecting an increase of ₹550.0.
Current Gold and Silver Prices in India
- Gold Prices:
- 24-Carat Gold: ₹8816.3/g (up by ₹600.0)
- 22-Carat Gold: ₹8083.3/g (up by ₹550.0)
- Silver Prices:
- Current Rate: ₹101000.0/kg (down by ₹200.0)
Weekly and Monthly Trends
The price of 24-carat gold has fluctuated slightly, with a 0.88% increase over the past week, but showing a 1.61% decrease over the last month.
Gold Rates in Major South Indian Cities
Here’s a snapshot of today’s gold rates for some of the major cities in South India:
- Chennai: ₹88011.0 per 10 grams (previous day: ₹86631.0)
- Bangalore: ₹88005.0 per 10 grams (previous day: ₹86625.0)
- Hyderabad: ₹88019.0 per 10 grams (previous day: ₹86639.0)
- Visakhapatnam: ₹88027.0 per 10 grams (previous day: ₹86647.0)
- Vijayawada: ₹88025.0 per 10 grams (previous day: ₹86645.0)
Silver Prices in South Indian Cities
Silver rates have also been updated across the southern cities:
- Chennai: ₹109600.0/kg (previous day: ₹107600.0)
- Bangalore: ₹100000.0/kg (previous day: ₹99000.0)
- Hyderabad: ₹110200.0/kg (previous day: ₹108200.0)
- Visakhapatnam: ₹108600.0/kg (previous day: ₹106600.0)
- Vijayawada: ₹111000.0/kg (previous day: ₹109000.0)
Factors Influencing Gold and Silver Prices
The fluctuations in gold and silver prices can be attributed to several factors:
- Global Demand: The worldwide appetite for gold and silver significantly affects pricing.
- Currency Fluctuations: The strength of the US dollar against other currencies can influence these precious metals’ appeal as investments.
- Interest Rates: Higher interest rates can reduce the attractiveness of gold and silver since they do not generate interest income.
- Government Policies: Regulations surrounding gold and silver trading can impact market prices.
- World Events: Economic conditions, geopolitical tensions, and other global occurrences can shift demand and pricing for precious metals.
Jewelers’ Insights
Jewelers often provide critical insights into market trends and price movements, helping consumers make informed decisions. For those looking to stay updated on gold prices in major northern cities, additional resources are available.
Understanding the dynamics of gold and silver prices can empower investors and buyers alike to navigate the market effectively.
