Gold and Silver Prices on March 8, 2025: Recent Trends and Insights
On March 8, 2025, gold prices showed a slight decline in India, impacting both investors and consumers. The rate for 24-carat gold is now ₹8732.3 per gram, reflecting a decrease of ₹330.0. Similarly, 22-carat gold is priced at ₹8006.3 per gram, down by ₹300.0. This fluctuation highlights a recent trend, with a 1.55% drop over the past week and a 1.67% decrease over the last month.
Current Silver Rates and Trends
In contrast to gold, silver has shown some positive movement. The current rate for silver in India stands at ₹102300.0 per kg, marking an increase of ₹100.0 from previous prices.
Gold Prices Across Major Cities in Northern India
Here’s a quick look at gold prices in key northern cities:
- Delhi: ₹87323.0 for 10 grams (previous day: ₹88163.0)
- Jaipur: ₹87316.0 for 10 grams (previous day: ₹88156.0)
- Lucknow: ₹87339.0 for 10 grams (previous day: ₹88179.0)
- Chandigarh: ₹87332.0 for 10 grams (previous day: ₹88172.0)
- Amritsar: ₹87350.0 for 10 grams (previous day: ₹88190.0)
Silver Rates in Key Northern Cities
The silver market is also worth noting, with the following rates reported:
- Delhi: ₹102300.0 per kg (previous day: ₹101000.0)
- Jaipur: ₹102700.0 per kg (previous day: ₹101400.0)
- Lucknow: ₹103200.0 per kg (previous day: ₹101900.0)
- Chandigarh: ₹101700.0 per kg (previous day: ₹100400.0)
- Patna: ₹102400.0 per kg (previous day: ₹101100.0)
Understanding the Factors Influencing Gold and Silver Prices
The fluctuations in gold and silver rates can be attributed to a variety of factors. Key influences include:
- Global Demand: Shifts in consumer interest and investment trends worldwide.
- Currency Exchange Rates: Variations in currency values can affect pricing.
- Interest Rates: Changes in interest rates influence investment in precious metals.
- Government Policies and Economic Events: Local and international policies can create volatility in the market.
For those interested in the latest updates on gold rates in major southern cities, you can find additional information here.
In summary, while gold has seen a modest decrease, silver prices are on the rise. Keeping an eye on these trends can provide valuable insights for both buyers and investors in the precious metals market.
