As of March 17, 2025, gold prices have seen a slight dip in the Indian market. Currently, 24-carat gold is priced at ₹8983.3 per gram, down by ₹10.0 from the previous day. Meanwhile, 22-carat gold is available at ₹8236.3 per gram, also reflecting a decrease of ₹10.0. Over the past week, the price of 24-carat gold has dropped by 2.18%, while the monthly change stands at 4.14%. Silver, on the other hand, is priced at ₹106000.0 per kg, experiencing a decline of ₹100.0.

Gold Prices in Major Southern Cities

Let’s take a closer look at the gold rates in some of the prominent cities in South India:

• Chennai: Today, gold is priced at ₹89681.0 per 10 grams. This is a drop from ₹89811.0 yesterday and down from ₹87851.0 last week.

• Bangalore: In Bangalore, the gold rate today is ₹89675.0 per 10 grams, slightly down from ₹89805.0 yesterday and ₹87845.0 last week.

• Hyderabad: The price in Hyderabad stands at ₹89689.0 per 10 grams, a decrease from ₹89819.0 yesterday and ₹87859.0 last week.

• Visakhapatnam: Gold can be purchased at ₹89697.0 per 10 grams, down from ₹89827.0 yesterday and ₹87867.0 last week.

• Vijayawada: In Vijayawada, today’s gold price is ₹89695.0 per 10 grams, a fall from ₹89825.0 yesterday and ₹87865.0 last week.

Current Silver Prices in Southern Cities

Silver prices are also fluctuating across major southern cities:

• Chennai: Today, silver is priced at ₹114600.0 per kg, down from ₹114800.0 yesterday and ₹110600.0 last week.

• Bangalore: In Bangalore, the silver price is ₹105000.0 per kg, down from ₹105200.0 yesterday and ₹101000.0 last week.

• Hyderabad: Silver is available for ₹115200.0 per kg, a decrease from ₹115400.0 yesterday and ₹111200.0 last week.

• Visakhapatnam: The price here is ₹113600.0 per kg, down from ₹113800.0 yesterday and ₹109600.0 last week.

• Vijayawada: In Vijayawada, silver is priced at ₹116000.0 per kg, down from ₹116200.0 yesterday and ₹112000.0 last week.

Factors Influencing Gold and Silver Prices

The fluctuation in gold and silver prices can be attributed to several key factors:

• Global Demand: The worldwide appetite for these precious metals significantly influences their pricing.

• Currency Fluctuations: Variations in currency values, particularly the US dollar, can impact investment attractiveness.

• Interest Rates: Rising interest rates often diminish the appeal of gold and silver, as they yield no interest income.

• Government Regulations: Policies regarding gold and silver trading can directly affect market prices.

• World Events: Economic fluctuations, geopolitical tensions, and other global occurrences can sway the demand and pricing of precious metals.

Expert Insights

Jewelry professionals can offer valuable perspectives on market trends and potential price shifts, making their insights essential for anyone interested in investing in gold and silver.

For the latest updates on gold prices in major northern cities, be sure to check reliable financial news sources.