On March 5, 2025, gold prices in India saw a modest uptick, bringing both excitement and intrigue to investors and jewelry enthusiasts alike. The current rate for 24-carat gold stands at ₹8756.3 per gram, marking an increase of ₹780.0. Meanwhile, 22-carat gold is priced at ₹8028.3 per gram, reflecting a rise of ₹720.0. These changes are noteworthy, especially when considering a 1.38% price fluctuation for 24-carat gold over the past week, despite a slight decline of 2.96% over the last month.

Current Silver Prices in India

In addition to gold rates, silver has also seen a positive shift. The price of silver currently sits at ₹101200.0 per kg, which is an increase of ₹1200.0. This rise in both precious metals reflects ongoing trends in the market and is crucial for investors to monitor.

Gold Rates in Major South Indian Cities

Here’s a look at the gold prices in key southern cities:

• Chennai: Today’s rate is ₹87411.0 per 10 grams, up from ₹86631.0 yesterday and ₹87831.0 last week.
• Bangalore: The gold rate is ₹87405.0 per 10 grams, a rise from ₹86625.0 yesterday and ₹87825.0 last week.
• Hyderabad: Currently priced at ₹87419.0 per 10 grams, this reflects a rise from ₹86639.0 yesterday and ₹87839.0 last week.
• Visakhapatnam: Gold today costs ₹87427.0 per 10 grams, increased from ₹86647.0 yesterday and ₹87847.0 last week.
• Vijayawada: The current rate is ₹87425.0 per 10 grams, up from ₹86645.0 yesterday and ₹87845.0 last week.

Silver Prices in Major South Indian Cities

Here’s how silver prices are faring in southern India:

• Chennai: Silver is priced at ₹109800.0 per kg, up from ₹107600.0 yesterday and ₹108600.0 last week.
• Bangalore: The current silver price is ₹100200.0 per kg, increased from ₹99000.0 yesterday and ₹100000.0 last week.
• Hyderabad: Pricing today stands at ₹110400.0 per kg, rising from ₹108200.0 yesterday and ₹109200.0 last week.
• Visakhapatnam: Silver is currently ₹108800.0 per kg, up from ₹106600.0 yesterday and ₹107600.0 last week.
• Vijayawada: The price is ₹111200.0 per kg, increased from ₹109000.0 yesterday and ₹110000.0 last week.

Factors Influencing Precious Metal Prices

The dynamics of gold and silver prices are influenced by numerous factors, both locally and globally. Key elements include:

• Global Demand: The worldwide appetite for gold and silver significantly impacts price trends.
• Currency Fluctuations: Changes in the value of currencies, particularly the US dollar, can affect investment attractiveness.
• Interest Rates: Higher interest rates may diminish the allure of gold and silver, as they do not yield interest income.
• Government Policies: Regulations surrounding the trade of precious metals can sway market prices.
• Global Events: Economic shifts and geopolitical developments can also drive demand and pricing for these metals.

Insights from Industry Experts

Jewelry professionals offer invaluable perspectives on market trends and can help anticipate future price movements. Keeping an eye on these insights can be beneficial for anyone looking to invest in gold or silver.

For the latest updates on gold prices in major northern cities, please check the relevant financial sources.

Whether you’re a seasoned investor or a casual buyer, staying informed about gold and silver prices is essential in today’s dynamic market.