The price of gold witnessed a minor drop today, March 4, 2025. On Tuesday, the market value of 24-carat gold in major cities across India hovered around Rs 86,600, while 22-carat gold was priced above Rs 79,300.
The prices of gold and silver remained relatively stable, with only a slight decline recorded due to the strengthening of the US dollar. Financial expert Rahul Kalantri from Mehta Equities pointed out that the rise in the dollar’s value was influenced by newly imposed tariffs on Mexico and Canada by the US President. Additionally, speculation regarding the Federal Reserve's delay in reducing interest rates has created downward pressure on the gold market. Economic uncertainty and cautious investor sentiment have also contributed to the price stagnation.
The rates of 22-carat gold in Delhi stood at Rs 79,540 per 10 grams, while 24-carat gold was priced at Rs 86,760 per 10 grams. In Mumbai, 22-carat gold was valued at Rs 79,390, whereas 24-carat gold traded at Rs 86,610 per 10 grams. Below is the latest city-wise gold pricing as of March 4, 2025:
| City | 22-Carat Gold Price | 24-Carat Gold Price |
|---|---|---|
| Delhi | Rs 79,540 | Rs 86,760 |
| Chennai | Rs 79,390 | Rs 86,610 |
| Mumbai | Rs 79,390 | Rs 86,610 |
| Kolkata | Rs 79,390 | Rs 86,610 |
As of March 4, 2025, the silver price is Rs 96,900 per kilogram, with no recorded fluctuations.
Gold prices in India are influenced by multiple factors, including international market trends, government-imposed taxes, and fluctuations in the rupee’s value. Apart from being a popular investment choice, gold plays a vital role in Indian traditions and festivities. The demand for gold usually surges during wedding seasons and festival celebrations.
