• Source:JND
Add as a preferred

Gold Rate Today: March saw a sharp increase in the price of gold and silver, which continued their record-breaking February performance. Both metals caused a stir in the market, hitting all-time highs by the end of the month, just as the wedding season approaches. Silver prices increased even more sharply, rising by Rs 7,454 per kilogram, while gold prices increased by Rs 4,250 per 10 grams. On March 28, silver hit a record high of Rs 1,00,934 per kg, while gold hit a new high of Rs 89,306 per 10 grams.

The Multi Commodity Exchange (MCX) remained closed on March 31 due to the Eid holiday, and the Indian Bullion and Jewellers Association (IBJA) did not release gold and silver rates. Though gold prices have increased by Rs 13,566 and silver prices by Rs 14,917 since the year began, the overall trend for 2025 has been remarkably bullish thus far.

Important Elements of the Price Increase

Three main factors, according to experts, are responsible for the sharp increase in gold prices: persistent geopolitical tensions, the prospect of a rate cut by the US Federal Reserve, and aggressive central bank gold purchases. Investors have turned to safe-haven assets like gold due to global uncertainty, which includes wars like the one in Ukraine and tensions between the United States and China. In the meantime, the demand has been further stimulated by market speculation regarding a possible rate cut by the Fed. Notably, by buying 32 tonnes of gold in FY25 alone, the Reserve Bank of India (RBI) also contributed.

Also Read: New Income Tax Slabs, UPI, GST And Pension: Key Financial Changes In India From April 1

According to market analysts, gold prices could soon reach $3,100 per ounce globally, while if the rupee continues to decline, prices in India could reach Rs 91,000 per 10 grams. According to MK Global's Riya Singh, gold could move between $2,975 and $3,035 shortly, but it could reach $3,150 per ounce if trade wars intensify.

The Record-Breaking March for Gold and Silver

Gold hit several record highs in March, according to the Indian Bullion And Jewellers Association (IBJA). The metal reached new all-time highs on several occasions:

March 28: Rs 1,00,934 per kg (silver), Rs 89,306 per 10 grams (gold)

March 20: 10 grams for Rs 88,761

March 19: 10 grams for Rs 88,680

March 18: 10 grams for Rs 88,354

March 13: Rs 86,843 per 10 grams, breaking the record set on February 19.

On March 17, silver reached Rs 1,00,400 per kilogram, while 10 grams cost Rs 88,101.

Gold Prices in Major Indian Cities

According to liveMint, Gold rates today in various Indian cities are:

New Delhi: Rs 89,010 for 10 grams

Mumbai: 89,160 rupees for 10 grams

Chennai: 89,420 rupees for 10 grams

Hyderabad: 89,310 rupees for 10 grams

Kolkata: 89,050 rupees for 10 grams

Bengaluru: 89,230 rupees for 10 grams

Also Read: Government To Convert Vodafone-idea Rs 36,950 Dues In Equity; Stake To Rise To 49%