On March 8, 2025, gold prices have witnessed a slight dip, reflecting current market trends. The price for 24-carat gold in India now stands at ₹8732.3 per gram, marking a decrease of ₹330.0. Meanwhile, 22-carat gold is priced at ₹8006.3 per gram, showing a decline of ₹300.0. Over the past week, the fluctuations in the price of 24-carat gold have shown a decrease of 1.55%, while monthly changes reflect a drop of 1.67%. In contrast, silver has seen an uptick, with the current price at ₹102300.0 per kg, which is an increase of ₹100.0.
Current Gold Prices in Major Southern Cities
Chennai
- Gold Price: ₹87171.0 for 10 grams
- Previous Day’s Price: ₹88011.0
- Last Week’s Price: ₹86641.0
Bangalore
- Gold Price: ₹87165.0 for 10 grams
- Previous Day’s Price: ₹88005.0
- Last Week’s Price: ₹86635.0
Hyderabad
- Gold Price: ₹87179.0 for 10 grams
- Previous Day’s Price: ₹88019.0
- Last Week’s Price: ₹86649.0
Visakhapatnam
- Gold Price: ₹87187.0 for 10 grams
- Previous Day’s Price: ₹88027.0
- Last Week’s Price: ₹86657.0
Vijayawada
- Gold Price: ₹87185.0 for 10 grams
- Previous Day’s Price: ₹88025.0
- Last Week’s Price: ₹86655.0
Silver Prices in Major Southern Cities
Chennai
- Silver Price: ₹110900.0 per kg
- Previous Day’s Price: ₹109600.0
- Last Week’s Price: ₹107700.0
Bangalore
- Silver Price: ₹101300.0 per kg
- Previous Day’s Price: ₹100000.0
- Last Week’s Price: ₹99100.0
Hyderabad
- Silver Price: ₹111500.0 per kg
- Previous Day’s Price: ₹110200.0
- Last Week’s Price: ₹108300.0
Visakhapatnam
- Silver Price: ₹109900.0 per kg
- Previous Day’s Price: ₹108600.0
- Last Week’s Price: ₹106700.0
Vijayawada
- Silver Price: ₹112300.0 per kg
- Previous Day’s Price: ₹111000.0
- Last Week’s Price: ₹109100.0
Influencing Factors on Gold and Silver Prices
The fluctuations in gold and silver prices are influenced by a multitude of factors, both locally and globally. Here are some key aspects to consider:
- Global Demand: The worldwide appetite for gold and silver significantly impacts their market prices.
- Currency Fluctuations: Variations in currency values, especially the US dollar, can alter the desirability of these precious metals as investment options.
- Interest Rates: Elevated interest rates may diminish the appeal of gold and silver, as they yield no interest income.
- Government Regulations: Policies governing the trade of gold and silver can also sway market prices.
- World Events: Economic shifts, geopolitical tensions, and other global dynamics can affect the demand and pricing for these metals.
Expert Insights
Jewelry professionals often provide valuable perspectives on market trends and projections for future price movements in the precious metals market. Their insights can be crucial for investors looking to navigate this ever-changing landscape.
For the latest updates on gold prices in major northern cities, feel free to explore additional resources.
