Gold Prices Recover Marginally After Consecutive Declines
Market Update – March 26, 2025
Gold prices experienced a slight recovery on Wednesday following a five-day decline, as easing pressures in the US dollar and uncertainties surrounding US import tariffs helped bolster demand for the precious metal.
Gold Prices on the Rise
In major Indian cities, the price of 24K gold increased by ₹11 to ₹89,400 per 10 grams, while 22K gold was priced at ₹81,950 per 10 grams. This small uptick comes on the heels of a notable drop of ₹330 per 10 grams on Tuesday and a decline of ₹1,380 per 10 grams since last Friday.
In early Asian trading on Wednesday, spot gold advanced by 0.21%, reaching $3,030 an ounce, further suggesting a rebound in investor hopes for the yellow metal.
Gold Prices in Major Indian Cities
Following are the current gold prices in key Indian urban markets as of March 26:
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | ₹82,100 | ₹89,550 |
| Mumbai | ₹81,950 | ₹89,400 |
| Chennai | ₹81,950 | ₹89,400 |
| Kolkata | ₹81,950 | ₹89,400 |
Silver Prices See Rise
In addition to gold, silver prices also saw an increase, rising by ₹1000 to ₹1,02,000 per kg in early trade on Wednesday. This increase in silver prices was attributed to a boost in local demand, although gains from the overnight market provided a cushion against larger corrections. In contrast, spot silver remained steady at $33.74 an ounce during early Asian trading.
Current Silver Prices in India
Here’s a look at the silver prices across major Indian cities:
| City | Silver Price (per kg) |
|---|---|
| Delhi | ₹1,02,000 |
| Mumbai | ₹1,02,000 |
| Chennai | ₹1,11,000 |
| Kolkata | ₹1,02,000 |
Week in Review: Gold and Silver Prices
Gold prices have recently seen corrections after reaching lifetime highs due to diminishing geopolitical fears and a growing appetite for riskier assets. A stronger Indian rupee also played a role in restraining gold prices. Meanwhile, silver has struggled with flat trading due to weak local demand and a recovery in the US dollar.
To provide a clearer perspective on the fluctuations this week, here is a comparison of gold and silver prices over recent days:
| Date | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver Price (per kg) |
|---|---|---|---|
| Mar 26 | ₹81,840 | ₹89,280 | ₹1,00,900 |
| Mar 25 | ₹81,850 | ₹89,290 | ₹1,01,000 |
| Mar 24 | ₹82,150 | ₹89,620 | ₹1,01,000 |
| Mar 22 | ₹82,300 | ₹89,780 | ₹1,01,000 |
| Mar 21 | ₹82,700 | ₹90,220 | ₹1,03,000 |
| Mar 20 | ₹83,100 | ₹90,660 | ₹1,05,100 |
| Mar 19 | ₹82,510 | ₹90,010 | ₹1,04,100 |
Conclusion
As gold prices show a slight uptick after multiple days of declines, traders and investors closely monitor global economic indicators and local market demands to navigate these fluctuating markets. The interplay between the US dollar’s strength and local demand will likely continue to influence both gold and silver pricing in the near future.
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