Latest Gold and Silver Prices in India: March 24, 2025 Rates Unveiled!

Gold and Silver Prices Update for March 24, 2025

As of March 24, 2025, the prices of gold and silver in India are experiencing a slight downturn. The cost for 24-carat gold is currently ₹8,999.3 per gram, which marks a decrease of ₹10.0. Similarly, 22-carat gold is priced at ₹8,246.3 per gram, also reflecting a fall of ₹10.0. Over the past week, 24-carat gold has seen a decline of 0.73%, while the monthly change stands at -2.7%. Meanwhile, the price of silver has dropped to ₹104,000.0 per kilogram, down by ₹100.0.

Regional Gold Rates in Southern India

In southern cities, gold prices vary slightly, reflecting local market trends. Here’s a snapshot of the current rates:

Chennai: Today’s gold rate is ₹89,791.0 for 10 grams, down from ₹90,231.0 yesterday, and slightly up from ₹89,571.0 last week.
Bangalore: The gold price is ₹89,785.0 per 10 grams, decreased from ₹90,225.0 yesterday and ₹89,565.0 last week.
Hyderabad: Current gold rate stands at ₹89,799.0 for 10 grams, down from ₹90,239.0 yesterday and ₹89,579.0 last week.
Visakhapatnam: Gold is priced at ₹89,807.0 per 10 grams, down from ₹90,247.0 yesterday and ₹89,587.0 last week.
Vijayawada: The gold price is ₹89,805.0 for 10 grams, a decrease from ₹90,245.0 yesterday and ₹89,585.0 last week.

Silver Prices Across South Indian Cities

The silver market is also witnessing fluctuations. Here are the current silver prices in major southern cities:

Chennai: Silver is priced at ₹112,600.0 per kg, down from ₹114,600.0 yesterday.
Bangalore: Today’s price in Bangalore is ₹103,000.0 per kg, down from ₹105,000.0 yesterday.
Hyderabad: The current silver price is ₹113,200.0 per kg, down from ₹115,200.0 yesterday.
Visakhapatnam: Silver today is at ₹111,600.0 per kg, decreased from ₹113,600.0 yesterday.
Vijayawada: The silver price is ₹114,000.0 per kg, down from ₹116,000.0 yesterday.

Key Factors Influencing Precious Metal Prices

Several factors contribute to the constant fluctuation of gold and silver prices, both locally and globally:

Global Demand: Worldwide demand for these precious metals significantly impacts pricing.
Currency Exchange Rates: The strength of currencies, particularly the US dollar, can influence investment attractiveness in gold and silver.
Interest Rates: Increased interest rates may diminish the appeal of gold and silver, as they do not yield interest income.
Government Policies: Regulatory measures concerning gold and silver trading can affect market prices.
Global Events: Economic conditions and geopolitical developments are crucial in shaping demand and prices for these metals.
Expert Insights: Jewelers often provide valuable perspectives on market trends and potential price shifts.