Under the heavy influence of valuable changes in the price of gold, one will surely reflect on Thursday, March 6, 2025. The price of some 10 grams of gold has risen by ₹600, which is significant in terms of rising price trends.
In the meantime, the most important cities in the country now report that 24-carat gold is priced around ₹87,900, and 22-carats have crossed the mark of ₹80,600. The price of silver also rose as it is now sold at ₹97,900 per kilogram.
However, this rise in the price of gold will bring the query to many minds as to why gold prices are on this rise. Go through this article to understand more about the factors contributing to this fluidity and find out the latest rates of gold and silver at some prime locations across India.
Why Are Gold Prices Rising?
Gold prices had a sudden spike recently because of external and internal factors as follows:
- Global Economic Uncertainty:
Current trade tensions and geopolitical events have made things indefinite in the marketplace. Recently, former US President Donald Trump imposed new tariffs on countries such as Canada, Mexico, and China, which raised the volatility in the market. Investors typically resort to gold during this time, thereby increasing its demand and driving its prices upward. - Possible Rate Cuts by the US Federal Reserve Honchos:
Based on weak economic data, a rise in unemployment, and a dip in spending, all these have led to greater odds that the Federal Reserve would cut interest rates. Reducing the rates typically makes the dollar weaker and makes gold investment into a more attractive one. All these contribute to the price uptrend in gold. - Central Bank Purchase:
Most central banks around the world are found shopping for gold nowadays for diversifying reserves. Thus, institutional buyers have increased the demand for gold and drive up the prices even more. - Fear of Global Recession:
Last, but certainly not least, is the fear of global recession, which also contributes richly to the increase in gold prices. This has caused investors to flock toward gold as a better way to hedge against all forms of economic instability.
Gold Rates in Major Indian Cities – March 6, 2025
Here’s a quick look at the latest gold rates in four major Indian cities:
| City | 22-Carat Gold (per 10 grams) | 24-Carat Gold (per 10 grams) |
|---|---|---|
| Delhi | ₹80,810 | ₹88,140 |
| Mumbai | ₹80,660 | ₹87,990 |
| Chennai | ₹80,660 | ₹87,990 |
| Kolkata | ₹80,660 | ₹87,990 |