Columbus

Gold and Silver Prices Fluctuate Amidst US-China Trade War

🎧 Listen in Audio
0:00

Gold and Silver Prices Continue to Fluctuate. Find the Latest Updates and Prices in Your City. Always Verify the Hallmark of 22 Carat Gold Before Purchasing.

Today's Gold and Silver Prices: On March 10th, 2025, gold and silver prices experienced fluctuations. The ongoing trade war between the United States and China is creating instability in the global market, directly impacting the Indian gold market. While gold and silver prices had been steadily increasing for the past few days, a slight decrease is now observed. On Friday, the price of 24-carat gold reached ₹86,059 per 10 grams, while silver was ₹96,724 per kilogram.

Prices Across the Country

Slight variations in gold prices are observed across different cities in India. Prices for 22-carat and 24-carat gold may differ by a few rupees in cities including Chennai, Mumbai, Delhi, Kolkata, Jaipur, Lucknow, Patna, and Ahmedabad. In Delhi and Jaipur, the price of 22-carat gold is ₹80,260 per 10 grams, and 24-carat gold is ₹87,540. In Mumbai and Kolkata, 22-carat gold is priced at ₹80,110, and 24-carat gold at ₹87,390. Meanwhile, 18-carat gold is available between ₹65,550 and ₹66,010.

Buy Only Hallmarked Gold

Always verify the hallmarking when purchasing gold jewelry or bullion. Hallmark verifies the purity of gold and protects consumers from fraud. 24-carat gold carries a 999 hallmark, indicating 99.9% purity. 22-carat gold has a 916 hallmark, signifying 91.6% purity. Similarly, 18-carat gold has a 750 hallmark, meaning it is 75% pure gold. Jewelers sometimes sell gold with 89% or 90% purity as 22-carat, so always check the hallmark.

How to Calculate Gold Purity?

If you have 22-carat gold jewelry and want to verify its purity, a simple formula can be used. Dividing 22 by 24 and multiplying by 100 gives 91.6% purity. Similarly, the purity of 18-carat gold is 75%, and 14-carat gold is 58.5%.

Fluctuations May Continue

Gold and silver prices depend on numerous domestic and international factors. The US-China conflict, the dollar index, crude oil prices, and the Indian rupee's value all influence price changes. To safely purchase gold, investors are advised to check the latest prices and always buy hallmarked gold.

Leave a comment