Date: 29-mar-2025 | By: Nuztrend Team
As of March 29, 2025, the precious metals market in India reflects the following rates:
These figures indicate a slight increase from previous rates, with 24-carat gold rising by ₹10 and silver by ₹100. Source: Business Standard
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:
Source: Business Standard
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
Several factors contribute to the fluctuation of gold and silver prices in India:
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
Investing in precious metals remains a popular strategy for portfolio diversification and hedging against inflation. Potential investors should consider the following:
Staying informed about market trends and global economic developments is crucial for making informed investment decisions in the precious metals market.
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