Gold prices in India have witnessed a sharp rise over the past week, making 24-carat gold costlier by ₹1,370 per 10 grams. This surge in prices has been observed across major cities, including Delhi, Mumbai, Chennai, and Kolkata.
Gold Prices Across Major Indian Cities (March 30, 2025):
- Delhi: 24-carat gold is priced at ₹91,350 per 10 grams, while 22-carat gold stands at ₹83,750 per 10 grams.
- Mumbai, Chennai, and Kolkata: 22-carat gold is available at ₹83,600 per 10 grams, and 24-carat gold is priced at ₹91,200 per 10 grams.
Reasons Behind the Price Hike
The recent surge in gold prices can be attributed to multiple factors:
- Global Economic Uncertainty: With ongoing geopolitical tensions and inflationary pressures, investors are turning to gold as a safe-haven asset.
- Fluctuations in Currency Exchange Rates: A weakening rupee against the US dollar has contributed to the increase in gold prices.
- Wedding Season Demand: With the peak wedding season in full swing, demand for gold jewelry has surged, further driving up prices.
What This Means for Investors and Consumers
For gold investors, the price hike could be an opportunity for portfolio diversification. However, for consumers planning to buy gold jewelry, this surge might make purchases costlier. Experts recommend staying updated on daily gold rates before making any buying or investment decisions.
Stay Updated
With gold prices fluctuating frequently, it is advisable to check live updates and market trends before making any purchases. For the latest insights and expert analysis on gold price trends, stay tuned to business news platforms.
Disclaimer: The gold rates mentioned above are subject to change based on market conditions. Always verify current prices with authorized dealers before making transactions.
