On March 12, 2025, gold prices took a slight dip, presenting a new opportunity for investors and buyers in India. The value of 24-carat gold has settled at ₹8,765.3 per gram, down by ₹350.0 from the previous day. Meanwhile, 22-carat gold is now priced at ₹8,036.3 per gram, reflecting a decrease of ₹320.0. This shift in gold prices marks a 0.33% fluctuation over the past week and a 0.72% drop in the last month.
Current Silver Prices in India
Alongside gold, silver is also seeing changes in its market value. Currently, the price of silver in India has dropped to ₹101,000.0 per kg, which is a ₹1,000.0 decrease.
Gold Rates Across Major Southern Cities
Chennai
- Current Rate: ₹87,501.0 per 10 grams
- Yesterday’s Rate (March 11, 2025): ₹87,721.0
- Last Week’s Rate (March 6, 2025): ₹88,011.0
Bangalore
- Current Rate: ₹87,495.0 per 10 grams
- Yesterday’s Rate (March 11, 2025): ₹87,715.0
- Last Week’s Rate (March 6, 2025): ₹88,005.0
Hyderabad
- Current Rate: ₹87,509.0 per 10 grams
- Yesterday’s Rate (March 11, 2025): ₹87,729.0
- Last Week’s Rate (March 6, 2025): ₹88,019.0
Visakhapatnam
- Current Rate: ₹87,517.0 per 10 grams
- Yesterday’s Rate (March 11, 2025): ₹87,737.0
- Last Week’s Rate (March 6, 2025): ₹88,027.0
Vijayawada
- Current Rate: ₹87,515.0 per 10 grams
- Yesterday’s Rate (March 11, 2025): ₹87,735.0
- Last Week’s Rate (March 6, 2025): ₹88,025.0
Silver Prices in Southern Cities
Chennai
- Current Price: ₹109,600.0 per kg
- Yesterday’s Price (March 11, 2025): ₹110,700.0
- Last Week’s Price (March 6, 2025): ₹109,600.0
Bangalore
- Current Price: ₹100,000.0 per kg
- Yesterday’s Price (March 11, 2025): ₹101,100.0
- Last Week’s Price (March 6, 2025): ₹100,000.0
Hyderabad
- Current Price: ₹110,200.0 per kg
- Yesterday’s Price (March 11, 2025): ₹111,300.0
- Last Week’s Price (March 6, 2025): ₹110,200.0
Visakhapatnam
- Current Price: ₹108,600.0 per kg
- Yesterday’s Price (March 11, 2025): ₹109,700.0
- Last Week’s Price (March 6, 2025): ₹108,600.0
Vijayawada
- Current Price: ₹111,000.0 per kg
- Yesterday’s Price (March 11, 2025): ₹112,100.0
- Last Week’s Price (March 6, 2025): ₹111,000.0
Understanding Price Fluctuations
The ever-changing landscape of gold and silver prices is influenced by several factors:
- Global Demand: The worldwide appetite for these precious metals significantly impacts price dynamics.
- Currency Strength: Variations in currency values, especially the US dollar, can alter the investment attractiveness of gold and silver.
- Interest Rates: Higher interest rates typically diminish the allure of gold and silver since they do not yield interest income.
- Government Policies: Regulations surrounding the trade of these metals can sway market prices.
- Global Events: Economic shifts, geopolitical tensions, and other worldwide occurrences can create demand fluctuations.
Insights from Industry Experts
Jewelry professionals play an essential role in deciphering market trends and predicting future price movements. Their expertise can offer valuable perspectives for both buyers and investors navigating the precious metals market.
For more insights on gold prices in different cities, click here.
