Gold and Silver Prices Surge! 24K Gold Crosses ₹89,900, Silver at ₹1,03,000 per Kg. Weakening Dollar and Global Uncertainty Fuel Price Rise. Check Today's Latest Rates and the Right Time to Invest.
Gold-Silver Price: A significant surge in gold and silver prices was observed in the Indian bullion market after Holi. On March 15, 2025, the price of 10 grams of gold increased by ₹1000. In major cities across the country, 24-carat gold is trading above ₹89,900, and 22-carat gold above ₹82,400. Simultaneously, silver prices have also risen to ₹1,03,000 per kilogram.
Latest Gold Prices in Major Cities (March 15, 2025)
Gold prices in major Indian cities are as follows:
Delhi: 22-carat gold – ₹82,640, 24-carat gold – ₹89,940
Chennai: 22-carat gold – ₹82,310, 24-carat gold – ₹89,790
Mumbai: 22-carat gold – ₹82,310, 24-carat gold – ₹87,990
Kolkata: 22-carat gold – ₹82,310, 24-carat gold – ₹87,990
Silver Prices Also Rise
On March 15, the price of silver was recorded at ₹1,03,100 per kilogram. Silver prices continue to rise, keeping investors and traders closely watching the market.
Reasons Behind the Rise in Gold and Silver Prices
Increasing International Demand
The recent surge in gold prices is primarily driven by increasing international demand. With inflation softening in the US, investors are increasingly turning towards gold.
A decline in the dollar index is also contributing to the rise in gold prices. A weaker dollar typically leads to increased investment in gold, pushing prices upward.
Potential Interest Rate Cuts
The possibility of interest rate cuts by the Federal Reserve has also strengthened gold prices. Lower interest rates encourage investors to increase their gold investments as a safe haven asset, thereby driving up prices.
US unemployment figures and the Producer Price Index (PPI) report are also influencing gold prices. Global economic uncertainty is further contributing to the continuous rise in gold prices.
How are Gold Prices Determined in India?
Gold prices in India depend on several factors:
International gold prices
The value of the Indian Rupee against the US dollar
Import duties and taxes levied by the government
Increased demand during wedding and festival seasons
How to Identify Gold Purity?
Hallmarking is implemented to identify gold purity. Hallmarking involves assigning specific marks to gold jewelry:
999 – 24-carat gold
958 – 23-carat gold
916 – 22-carat gold
875 – 21-carat gold
750 – 18-carat gold
What is the Difference Between 22 and 24 Carat Gold?
24-carat gold is 99.9% pure but is not suitable for jewelry making.
22-carat gold is 91% pure, with 9% other metals (copper, silver, zinc) added to allow for jewelry manufacturing.
How to Know Today's Gold Rate?
To check the latest rates for 22-carat and 18-carat gold, give a missed call to 8955664433. You will receive the updated rates via SMS.
Pay Attention to Hallmarking When Buying Gold
Always look for the BIS hallmark when buying gold. It provides a government guarantee ensuring gold purity. The hallmarking scheme is operated by the Bureau of Indian Standards (BIS).
