Last week witnessed a significant surge in gold prices. Gold reached a lifetime high on the MCX, while prices of 24-carat gold also increased in the domestic market.
Gold Rate Weekly Update: Gold prices have been steadily rising, reaching new record highs every trading day. Last week also saw a substantial surge in gold prices. Both the Multi Commodity Exchange (MCX) and the domestic market saw gold prices reach new heights. In just four trading days, the price of 10 grams of gold increased by over ₹2000. Let's understand the latest gold prices this week and the reasons behind them.
Gold Reaches Lifetime High on MCX
The Multi Commodity Exchange (MCX) witnessed a tremendous surge in gold futures prices. On March 7, 2025, the futures price of gold expiring on April 4, 2025, was ₹85,877 per 10 grams, which reached ₹87,963 per 10 grams on March 13. During trading, gold even touched its lifetime high of ₹88,310 per 10 grams. This means that in just four trading days, the price of gold increased by ₹2086 per 10 grams.
Domestic Market Also Sees a Rise
The domestic market also saw an increase in gold prices. According to the Indian Bullion Jewellers Association (IBJA), the price of 24-carat gold was ₹86,059 per 10 grams on March 7, which increased to ₹86,840 per 10 grams by March 13. This represents a surge of ₹781 per 10 grams. The latest prices for other carats were as follows:
Carat Price (₹ per 10 grams)
24 Carat 86,840
22 Carat 84,760
20 Carat 77,290
18 Carat 70,340
14 Carat 56,010
Making Charges and GST Affect the Price
These rates released by IBJA exclude taxes and making charges. GST and making charges are added separately when purchasing jewelry, which further increases the final price.
Easy Way to Know Gold Prices
If you want to know the latest gold and silver prices, you can also get this information by giving a missed call. To do this, make a missed call to 8955664433, and you will receive the latest prices via SMS shortly. You can also check the rates on the IBJA's official website, ibjarates.com.
How to Check Gold Purity
Gold purity is identified by its hallmark. 24-carat gold jewelry is marked 999, 22-carat with 916, 21-carat with 875, 18-carat with 750, and 14-carat with 585. When buying gold, it is essential to look for the BIS hallmark to ensure you are purchasing genuine and pure gold.
What Will Be the Future Trend?
According to experts, economic instability in the global market and increasing investor interest could lead to further increases in gold prices. If you are planning to invest in gold, keep an eye on market trends and invest at the right time.
