India bullion market
Gold and silver prices in India continued to fluctuate as market trends influenced bullion rates. On March 3, 2025, gold futures dropped below ₹84,700 per 10 grams, while silver surged to ₹94,507 per kg. Investors and traders are closely watching global economic factors that are impacting the movement of precious metals.
Gold and Silver Price Trends
Gold and silver prices have been experiencing volatility due to multiple factors, including global demand, inflation trends, and interest rate policies. The drop in gold prices comes amid fluctuating international rates, while silver prices have remained relatively steady.
- Gold Futures Price:
- MCX gold futures were trading below ₹84,700 per 10 grams, reflecting a slight dip.
- Spot gold prices in major cities showed minor variations.
- Silver Futures Price:
- Silver prices climbed to ₹94,507 per kg.
- Rising industrial demand has supported silver’s upward movement.
City-Wise Gold and Silver Rates (March 3, 2025)
Here are the latest gold and silver rates in major Indian cities:
| City | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver (per kg) |
|---|---|---|---|
| Delhi | ₹83,900 | ₹84,900 | ₹94,500 |
| Mumbai | ₹84,000 | ₹84,950 | ₹94,507 |
| Chennai | ₹84,150 | ₹85,200 | ₹94,600 |
| Kolkata | ₹83,950 | ₹84,950 | ₹94,550 |
| Bangalore | ₹84,050 | ₹85,000 | ₹94,480 |
Why Are Gold Prices Falling?
Several factors are contributing to the decline in gold prices:
- Global Market Trends – A strong US dollar and changing economic policies have impacted gold demand.
- Interest Rate Expectations – Investors are reacting to potential interest rate hikes by global central banks.
- Reduced Demand in India – Wedding season demand is tapering off, leading to lower domestic consumption.
Silver Prices Holding Strong
Unlike gold, silver prices have shown resilience due to growing industrial demand and investor interest. Silver is widely used in electronics and solar industries, contributing to its price stability.
Investment Outlook: What Should Buyers Do?
- For Gold Investors: This dip presents a potential buying opportunity for long-term investors looking to accumulate gold.
- For Silver Investors: With silver holding strong, investors may consider adding it to their portfolio for diversification.
- Market Watch: Experts suggest monitoring global economic trends before making significant investments.
Final Thoughts
As gold dips below ₹84,700 and silver hovers around ₹94,507, investors should stay updated on market trends. Whether you are a trader or a buyer looking for the right time to invest, keeping an eye on daily price movements can help make informed decisions.
For the latest updates on bullion rates, stay tuned to TechNewsHubs!
