Gold and silver prices hit an all-time high on March 17, 2025, as market trends continue to climb. According to the India Bullion and Jewelers’ Association (IBJA), the price of 10 grams of 24-carat gold surged by ₹1,258, reaching a new peak of ₹88,101. Just days earlier, on March 13, the price had reached ₹86,843. Meanwhile, silver also saw a significant rise, with a kilogram of silver now priced at ₹99,767, marking an increase of ₹1,445 from the previous day.
In the last week, silver prices had stood at ₹98,322 per kilogram. The last high point for silver was recorded on October 23, 2024, when it touched ₹99,151 per kilogram.
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Gold Price Breakdown by Carat and Region
Gold Prices by Carat:
- 24 Carat Gold: ₹88,101 per 10 grams
- 22 Carat Gold: ₹80,701 per 10 grams
- 18 Carat Gold: ₹66,076 per 10 grams
Gold Prices in Major Cities:
- Delhi: ₹89,710 for 10 grams of 24-carat gold, ₹82,250 for 10 grams of 22-carat gold.
- Mumbai: ₹89,560 for 10 grams of 24-carat gold, ₹82,100 for 10 grams of 22-carat gold.
- Kolkata: ₹89,560 for 10 grams of 24-carat gold, ₹82,100 for 10 grams of 22-carat gold.
- Chennai: ₹89,560 for 10 grams of 24-carat gold, ₹82,100 for 10 grams of 22-carat gold.
Three Key Factors Behind the Gold Price Surge
- Geopolitical Tensions Post-Trump’s Presidency
The geopolitical tensions that escalated following Donald Trump’s presidency have significantly influenced global commodity prices, including gold. These tensions often drive investors towards gold as a safer asset. - Weakening of the Indian Rupee Against the US Dollar
The depreciation of the Indian rupee in comparison to the US dollar has been a key factor in increasing gold prices. As the rupee weakens, the cost of importing gold rises, pushing prices higher in the domestic market. - Stock Market Volatility and Increased Gold Investment
A dip in the stock markets has led to greater interest in gold as a stable investment option. As investors seek refuge from market instability, the demand for gold has surged, contributing to the price hike.
Gold Prices Rise by ₹11,939 Since January 1, 2025
The price of gold has experienced a substantial increase since the beginning of 2025. As of March 17, 2025, in just 76 days, the price of 10 grams of 24-carat gold has risen by ₹11,939, moving from ₹76,162 to ₹88,101. This marks a notable uptick in gold prices for the year. Silver, too, has followed a similar upward trajectory, rising from ₹86,017 per kilogram on January 1 to ₹99,767 per kilogram, an increase of ₹13,750.
Interestingly, the price of gold in 2024 saw a similar trend, with the yellow metal gaining ₹12,810 during that year. This consistent rise indicates that the demand for gold continues to grow, driven by both market and economic factors.
What’s Next for Gold Prices?
The surge in gold prices shows no signs of slowing down. With geopolitical uncertainties, a weaker rupee, and stock market fluctuations, the demand for gold is likely to remain strong. Investors and consumers alike should stay informed about the market trends, as these factors continue to influence the prices of precious metals in the coming months. Whether you’re looking to invest in gold or simply tracking the market, it’s clear that gold remains a crucial asset for wealth preservation in these unpredictable times.
