On March 23, 2025, the gold and silver markets in India witnessed a notable dip in prices. The cost of 24-carat gold is now ₹9000.3 per gram, down by ₹380, while 22-carat gold has fallen to ₹8247.3 per gram, a decrease of ₹390. Over the past week, the price of 24-carat gold has decreased by 1.11%, and it has seen a more significant drop of 3.61% over the last month. In parallel, the silver rate has also dropped, currently standing at ₹104100.0 per kg, reflecting a decline of ₹1900.0.
Insights on Gold Rates in Major South Indian Cities
Gold Prices in Chennai
In Chennai, the current gold rate is ₹89801.0 per 10 grams. This represents a drop from ₹90691.0 just yesterday and a slight increase from last week’s price of ₹89681.0.
Gold Prices in Bangalore
Moving to Bangalore, gold is priced at ₹89795.0 per 10 grams today, down from ₹90685.0 yesterday and showing a slight rise from ₹89675.0 last week.
Gold Prices in Hyderabad
In Hyderabad, gold rates are at ₹89809.0 per 10 grams, also experiencing a decline from ₹90699.0 yesterday, but a modest increase from last week’s ₹89689.0.
Gold Prices in Visakhapatnam
Visakhapatnam records gold rates at ₹89817.0 per 10 grams, down from ₹90707.0 yesterday, yet showing growth from the previous week’s ₹89697.0.
Gold Prices in Vijayawada
Finally, in Vijayawada, the gold rate stands at ₹89815.0 per 10 grams, reflecting a decrease from ₹90705.0 yesterday but an increase from ₹89695.0 last week.
Current Silver Prices in South Indian Cities
Silver Prices in Chennai
In Chennai, the silver price today is ₹112700.0 per kg, down from ₹116900.0 yesterday and ₹114600.0 last week.
Silver Prices in Bangalore
Bangalore sees silver priced at ₹103100.0 per kg, a drop from ₹107300.0 yesterday and ₹105000.0 last week.
Silver Prices in Hyderabad
In Hyderabad, silver is currently ₹113300.0 per kg, down from ₹117500.0 yesterday and ₹115200.0 last week.
Silver Prices in Visakhapatnam
Visakhapatnam reports silver at ₹111700.0 per kg, decreased from ₹115900.0 yesterday and ₹113600.0 last week.
Silver Prices in Vijayawada
Lastly, in Vijayawada, the silver rate today is ₹114100.0 per kg, down from ₹118300.0 yesterday and ₹116000.0 last week.
Factors Influencing Gold and Silver Prices
The volatility in gold and silver prices is influenced by a range of factors:
- Global Demand: Increased demand worldwide can drive prices up.
- Currency Valuations: Fluctuations in currency values, especially the US dollar, can impact investment attractiveness.
- Interest Rates: Higher interest rates often reduce the allure of gold and silver since they don’t yield interest.
- Regulatory Policies: Government regulations surrounding precious metals can significantly sway market prices.
- Global Events: Economic shifts and geopolitical tensions can alter demand dynamics in the precious metals market.
For detailed insights on gold prices in northern major cities, click here.
