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Today’s Gold and Silver Prices in India (March 16, 2025): Essential Market Insights for Investors

March 16, 2025
Smart Money

Gold and Silver Prices Update – March 16, 2025

Overview of Current Prices

As of March 16, 2025, gold and silver prices have experienced slight fluctuations across India. The price of 24-carat gold is currently recorded at ₹89,843 per 10 grams in Delhi, experiencing a modest decrease of ₹120 from the previous day. Similarly, 22-carat gold is priced at ₹82,373 per gram, which is down ₹110 from the previous trading session. In the silver market, the price remains at ₹106,100 per kilogram, reflecting a reduction of ₹100. ### Price Trends

The recent trends show that the price of 24-carat gold has undergone a decrease of 1.0% over the past week and 1.6% over the last month. These shifts indicate a relatively stable yet slightly bearish sentiment in the gold market, influenced by various economic factors at play.

Gold and Silver Prices in Major Southern Cities

The following are the latest gold rates recorded in prominent southern cities:

  • Chennai: Gold is priced at ₹89,691 per 10 grams, a notable increase from ₹88,611 the previous day.

  • Bangalore: Currently, the price is ₹89,685, slightly up from ₹88,605.

  • Hyderabad: The gold rate is ₹89,699, up from ₹88,619 yesterday.

  • Visakhapatnam: Prices stand at ₹89,707, increasing from ₹88,627.

  • Vijayawada: Gold is priced at ₹89,705, up from ₹88,625. On the silver front, rates are as follows:

  • Chennai: Silver is priced at ₹114,700 per kg, an increase from ₹112,800.

  • Bangalore: Prices stand at ₹105,100, up from ₹103,200.

  • Hyderabad: Current silver prices are ₹115,300, up from ₹113,400.

  • Visakhapatnam: Silver is priced at ₹113,700, an increase from ₹111,800.

  • Vijayawada: The current price is ₹116,100, up from ₹114,200. ## Factors Influencing Price Changes

The prices of gold and silver are subject to numerous variables, both domestic and international, that contribute to their fluctuations:

  • Global Demand: Overall global demand for these precious metals heavily dictates price movements.
  • Currency Fluctuations: Changes in currency values, particularly the strength of the US dollar against other currencies, can significantly impact gold and silver appeal as investments.
  • Interest Rates: Rising interest rates may deter investment in gold and silver since these metals do not yield interest income.
  • Government Policies: Any regulations or changes in government policy regarding gold and silver trading can lead to price alterations.
  • World Events: Economic trends, geopolitical tensions, and other global happenings consistently affect demand for and pricing of precious metals.

Industry experts and jewelers often provide crucial insights into market trends and expectations, helping investors navigate this volatile market.

For detailed gold pricing updates in major northern cities, please follow the respective links.

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This article is a timely update on the current gold and silver prices and is generated from verified market data.