Gold prices in India saw a notable increase on March 11, 2025, reflecting a positive trend amid fluctuating market conditions. The cost of 24-carat gold rose to ₹8,800.30 per gram, while 22-carat gold reached ₹8,068.30 per gram. This rise is attributed to various global economic factors, including changes in U.S. Treasury yields and ongoing demand from central banks.
Key Takeaways
- 24-Carat Gold Price: ₹8,800.30 per gram
- 22-Carat Gold Price: ₹8,068.30 per gram
- Silver Price: ₹102,000.00 per kg
- Market Influences: U.S. Treasury yields, global demand, and currency fluctuations
Current Gold Prices Across Major Indian Cities
| City | 22K Gold (per 10 gm) | 24K Gold (per 10 gm) |
|---|---|---|
| Delhi | ₹80,660 | ₹87,980 |
| Mumbai | ₹80,510 | ₹87,830 |
| Chennai | ₹80,510 | ₹87,830 |
| Bengaluru | ₹80,510 | ₹87,830 |
| Kolkata | ₹80,510 | ₹87,830 |
| Jaipur | ₹80,660 | ₹87,980 |
| Hyderabad | ₹80,510 | ₹87,830 |
| Ahmedabad | ₹80,560 | ₹87,880 |
| Patna | ₹80,560 | ₹87,880 |
Factors Influencing Gold Prices
Gold prices are influenced by a myriad of factors, both domestic and international. Here are some key elements that affect the pricing:
- Global Demand: The overall demand for gold and silver worldwide plays a significant role in price changes.
- Currency Fluctuations: Changes in the value of currencies, particularly the U.S. dollar, can affect the attractiveness of gold and silver as investments.
- Interest Rates: Higher interest rates can make gold and silver less attractive as investments since they do not yield interest income.
- Government Regulations: Policies and regulations related to the gold and silver trade can impact prices.
- World Events: Economic conditions, geopolitical events, and other global factors can influence the demand for and price of precious metals.
Market Outlook
The recent increase in gold prices comes amid a backdrop of fluctuating U.S. Treasury yields, which have seen a decline, making gold a more attractive investment. The U.S. Federal Reserve’s stance on interest rates also plays a crucial role, as any hints of easing could further bolster gold prices.
Additionally, central banks, particularly in emerging economies, continue to increase their gold reserves, which supports the overall demand for the yellow metal. The People’s Bank of China, for instance, has been actively purchasing gold, contributing to the upward pressure on prices.
Conclusion
As gold prices rise, investors are advised to stay informed about market trends and economic indicators that could influence future price movements. With gold being a traditional safe-haven asset, its appeal remains strong, especially during times of economic uncertainty. Monitoring these factors will be essential for anyone looking to invest in gold or silver in the coming weeks.
Sources
- Gold price in India: Rates on March 11, FXStreet.
- Gold Rate And Silver Price Today on March 11, 2025: Check latest Rates in India, Mint.
- Gold Price And Silver Rate Today on March 11, 2025: Check latest Rates in India, Mint.
- Gold Price Today In India: Yellow Metal Steady Amid Market Volatility; Check City-Wise Rates On March 11, News18.
