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The gold and silver markets in India experienced slight fluctuations on March 10, 2025. According to the report, the price of 24-carat gold stood at Rs. 8787.3 per gram, marking a decrease of ₹10.0. Similarly, 22-carat gold was priced at Rs. 8056.3 per gram, also reflecting a drop of ₹10.0. The silver market saw a decline as well, with silver priced at Rs. 102100.0 per kg, a decrease of ₹100.0 per kg. These figures represent a snapshot of the market at a specific point in time and are subject to change based on a variety of factors. A deeper dive into the week-over-week and month-over-month data reveals a pattern of slight volatility in gold prices. The price fluctuation of 24-carat gold over the past week is recorded at -0.62%, while over the last month, the change stands at -0.55%. This suggests that while there have been some short-term dips and rises, the overall trend has been relatively stable in the recent past. This kind of information is crucial for investors and consumers alike, enabling them to make informed decisions about buying and selling precious metals. Moreover, the report highlights regional variations in gold and silver rates across South Indian cities. Specifically, Chennai, Bangalore, Hyderabad, Visakhapatnam, and Vijayawada are examined, offering a comparative analysis of price differences in these key urban centers. For example, the gold rate in Chennai is reported as ₹87721.0/10 grams, while Bangalore sees a slightly lower rate of ₹87715.0/10 grams. Hyderabad has a rate of ₹87729.0/10 grams, Visakhapatnam shows ₹87737.0/10 grams and Vijayawada has ₹87735.0/10 grams. These subtle differences can be attributed to local market dynamics, demand and supply factors, and regional economic conditions. Historical data further contextualizes these current rates. The report provides a comparison of gold rates from the previous day (March 9, 2025) and the previous week (March 4, 2025), offering a short-term historical perspective. This allows for the identification of trends and potential patterns in price movements. For instance, the gold rate in Chennai on March 9, 2025, was ₹87171.0/10 grams, and on March 4, 2025, it was ₹86631.0/10 grams, indicating a steady upward trend over the week. Similarly, the silver prices in Chennai are reported as ₹110700.0/Kg today, ₹110900.0/Kg yesterday and ₹107600.0/Kg last week. The report also acknowledges the various factors that influence gold and silver prices, both domestically and internationally. These factors include global demand, currency fluctuations, interest rates, government regulations, and world events. Global demand plays a pivotal role, as increased demand for gold and silver typically leads to higher prices, while decreased demand can drive prices down. Currency fluctuations, particularly the value of the US dollar, also impact the precious metals market, as gold and silver are often seen as safe-haven assets during times of currency volatility. Interest rates can affect the attractiveness of gold and silver as investments, with higher interest rates potentially reducing demand for these non-yielding assets. Government regulations and policies related to the gold and silver trade can also influence prices, as can broader economic conditions and geopolitical events. The insights from Jewelers could be valuable to the end consumers and investors.
Source: Gold Rate And Silver Price Today on March 10, 2025: Check latest Rates in India