On March 16, 2025, the gold and silver markets in India witnessed slight declines, reflecting ongoing fluctuations in precious metal prices. The price for 24-carat gold has fallen to ₹8984.3 per gram, marking a decrease of ₹120.0. Meanwhile, 22-carat gold is currently priced at ₹8237.3 per gram, down by ₹110.0. These shifts underscore the volatile nature of gold rates, particularly over the past month, where 24-carat gold has seen a drop of 1.6%.
Current Gold and Silver Rates
Latest Prices for Gold and Silver in India:
- 24-carat Gold: ₹8984.3/gm (decrease of ₹120.0)
- 22-carat Gold: ₹8237.3/gm (decrease of ₹110.0)
- Silver: ₹106100.0/kg (decrease of ₹100.0)
Gold Rates in Major South Indian Cities
Chennai
The gold price in Chennai is currently ₹89691.0 per 10 grams, a rise from ₹88611.0 the previous day and a significant increase from ₹87721.0 last week.
Bangalore
Bangalore’s gold rate stands at ₹89685.0 per 10 grams, up from ₹88605.0 yesterday and ₹87715.0 a week ago.
Hyderabad
In Hyderabad, gold is priced at ₹89699.0 per 10 grams, an increase from ₹88619.0 the day before and ₹87729.0 last week.
Visakhapatnam
The gold cost in Visakhapatnam is ₹89707.0 per 10 grams, rising from ₹88627.0 yesterday and ₹87737.0 last week.
Vijayawada
Vijayawada has a current gold rate of ₹89705.0 per 10 grams, up from ₹88625.0 yesterday and ₹87735.0 last week.
Silver Prices in Major South Indian Cities
Chennai
Silver in Chennai is priced at ₹114700.0 per kg, an increase from ₹112800.0 yesterday.
Bangalore
In Bangalore, silver costs ₹105100.0 per kg, up from ₹103200.0 the previous day.
Hyderabad
Hyderabad’s silver price is ₹115300.0 per kg, increasing from ₹113400.0 yesterday.
Visakhapatnam
The current silver price in Visakhapatnam is ₹113700.0 per kg, a rise from ₹111800.0 the day before.
Vijayawada
Vijayawada sees silver priced at ₹116100.0 per kg, up from ₹114200.0 just yesterday.
Factors Influencing Gold and Silver Prices
The valuation of gold and silver is influenced by several key factors, including:
- Global Demand: A rise or fall in worldwide demand for these metals can significantly affect their prices.
- Currency Fluctuations: Changes in currency values, notably the US dollar, impact investment attractiveness in gold and silver.
- Interest Rates: Higher interest rates generally make these metals less appealing since they do not yield interest income.
- Government Regulations: Policies regarding gold and silver trading can sway market prices.
- World Events: Geopolitical and economic developments play a crucial role in shaping demand and prices for these precious metals.
Insights from Market Experts
Industry professionals, particularly jewelers, often have valuable insights into market trends that can help investors make informed decisions regarding gold and silver investments.
For those looking for gold prices in northern cities, click here.
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