Gold and Silver Prices Fluctuate on March 17, 2025. While 22-karat gold has a purity of 91.6%, always check for hallmarking to avoid adulteration.
Gold-Silver Price: Gold and silver prices continue to fluctuate. On Monday, March 17, 2025, the price of 24-karat gold increased by ₹1448, reaching ₹87,891 per 10 grams. Simultaneously, the price of silver also rose by ₹1,363, reaching ₹99,685 per kilogram. This price surge follows a similar strengthening trend observed last week, boosting interest among investors and jewelry traders.
Latest Gold and Silver Prices in Major Indian Cities
Variations in gold and silver prices were observed across different cities in India. Major cities including Delhi, Mumbai, Chennai, Kolkata, Jaipur, Lucknow, Ahmedabad, and Chandigarh witnessed an increase in both 22-karat and 24-karat gold prices. 22-karat gold, typically used in jewelry making, maintains a purity of 91.6%. Similarly, prices of 18-karat gold also increased, offering buyers a range of options based on their budgets.
Why is Gold Hallmarking Important?
Verifying the purity of gold before purchasing is crucial. Adulteration is a concern; sometimes, gold with 89% or 90% purity is falsely marketed as 22-karat. Hallmarking guarantees the gold's purity. 24-karat gold is marked 999, 22-karat is marked 916, 18-karat is marked 750, and 14-karat is marked 585. The absence of these markings should raise concerns about the purity of the gold.
How to Check Gold Purity
When buying gold, always check for the hallmark. Hallmarking signifies government-certified quality. For instance, 916 indicates 91.6% pure gold, while 750 denotes 75% purity. This helps buyers avoid fraudulent practices and ensures transparency in investment.
Will Gold Prices Rise Further?
Considering current global market conditions, the strengthening dollar, fluctuating interest rates, and increasing investor interest, experts predict further price increases for gold and silver in the coming days. Investors are prioritizing gold as a safe haven investment, driving its price upward.
If you plan to buy gold or silver, monitor the latest market prices and always verify its purity before purchasing.
