Sat. 05 Apr 2025 ☁️ 12°C in Dublin
🎮 Games

Gold and Silver Prices in India on March 29, 2025: Latest Rates and Market Insights

Date: 29-mar-2025

Gold and Silver Prices in India on March 29, 2025: Latest Rates and Market Insights

As of March 29, 2025, the precious metals market in India reflects the following rates:

  • Gold (24-carat): ₹90,990 per 10 grams
  • Gold (22-carat): ₹83,410 per 10 grams
  • Silver: ₹1,05,100 per kilogram

These figures indicate a slight increase from previous rates, with 24-carat gold rising by ₹10 and silver by ₹100. Source: Business Standard

City-wise Gold Prices

Gold prices can vary across different cities due to factors like local demand, taxes, and transportation costs. Here are the rates for some major Indian cities:

  • Mumbai: ₹90,990 per 10 grams (24-carat)
  • Delhi: ₹91,140 per 10 grams (24-carat)
  • Kolkata: ₹90,990 per 10 grams (24-carat)
  • Chennai: ₹90,990 per 10 grams (24-carat)

Source: Business Standard

Silver Price Trends

Silver prices have shown a consistent upward trend over the past month. For instance, on March 1, 2025, silver was priced at ₹97,000 per kilogram, escalating to ₹1,05,100 by March 29, marking an 8.35% increase. Source: GoodReturns

Market Factors Influencing Precious Metal Prices

Several factors contribute to the fluctuation of gold and silver prices in India:

  • Global Economic Indicators: International market trends and economic policies significantly impact precious metal rates.
  • Currency Exchange Rates: The value of the Indian rupee against the US dollar influences import costs of gold and silver.
  • Inflation Rates: Higher inflation often leads investors to seek refuge in precious metals, driving up demand and prices.
  • Geopolitical Events: Uncertainties and tensions globally can lead to increased investment in safe-haven assets like gold and silver.

Expert Forecasts

Analysts anticipate that gold prices will continue their upward trajectory. Bank of America has revised its gold price forecast for 2025 to $3,063 per ounce, citing ongoing economic uncertainties. Source: Reuters

Similarly, silver is expected to see substantial gains. Experts predict that silver prices in India could reach ₹1,17,000 per kilogram within the next year, driven by factors such as declining US interest rates and increased industrial demand. Source: LiveMint

Investment Considerations

Investing in precious metals remains a popular strategy for portfolio diversification and hedging against inflation. Potential investors should consider the following:

  • Market Volatility: Precious metal prices can be volatile; thorough research and market analysis are essential.
  • Long-Term Perspective: Holding investments over the long term can help mitigate short-term market fluctuations.
  • Consultation with Financial Advisors: Professional guidance can assist in aligning investments with individual financial goals and risk tolerance.

Staying informed about market trends and global economic developments is crucial for making informed investment decisions in the precious metals market.

Disclaimer: This article is based on publicly available information from various online sources. We do not claim absolute accuracy or completeness. Readers are advised to cross-check facts independently before forming conclusions.

🔄 Read More

📌 Latest Trending

US media: Elon Musk to soon leave US administration 🎥

04 Apr 2025