Gold and Silver Prices Report for March 18, 2025: Trends and Insights
On March 18, 2025, gold prices took a slight dip, causing shifts in the market landscape. 24 carat gold is currently priced at ₹8972.3 per gram in India, marking a decrease of ₹110.0. The 22 carat gold price also fell, now at ₹8226.3 per gram, down by ₹100.0. Over the past week, 24 carat gold witnessed a decline of 2.44%, while the monthly change stands at 4.02%. Meanwhile, the price of silver in India is ₹105900.0 per kg, reflecting a drop of ₹100.0.
Regional Gold Prices in Southern Cities
The gold rates vary significantly across southern cities in India. Here’s a quick look at the latest gold prices:
- Chennai: ₹89571.0 for 10 grams (down from ₹89691.0 yesterday)
- Bangalore: ₹89565.0 for 10 grams (yesterday’s rate was ₹89685.0)
- Hyderabad: ₹89579.0 for 10 grams (yesterday’s price was ₹89699.0)
- Visakhapatnam: ₹89587.0 for 10 grams (down from ₹89707.0)
- Vijayawada: ₹89585.0 for 10 grams (yesterday’s price was ₹89705.0)
Silver Prices in Southern Cities
Similarly, silver prices also show notable variations:
- Chennai: ₹114500.0 per kg (down from ₹114700.0 yesterday)
- Bangalore: ₹104900.0 per kg (previously ₹105100.0)
- Hyderabad: ₹115100.0 per kg (down from ₹115300.0)
- Visakhapatnam: ₹113500.0 per kg (previously ₹113700.0)
- Vijayawada: ₹115900.0 per kg (down from ₹116100.0)
Key Factors Influencing Gold and Silver Prices
Understanding the dynamics of gold and silver prices involves looking at various influencing factors:
- Global Demand: The worldwide appetite for these precious metals plays a crucial role in price fluctuations.
- Currency Values: Changes in the value of the US dollar against other currencies can make gold and silver more or less attractive to investors.
- Interest Rates: When interest rates rise, investments in gold and silver may become less appealing as they do not yield interest.
- Government Policies: Regulations affecting the gold and silver trade can sway prices significantly.
- Geopolitical Events: Economic conditions and global events influence market demand for these metals.
Insights from Industry Experts
Jewelers and market analysts often provide valuable insights regarding trends in precious metals. Their expertise can help navigate potential price movements and market dynamics.
If you’re interested in checking gold prices in major northern cities, click here.
Stay tuned for more updates on gold and silver rates as they continue to evolve in response to market demands and global events!
