Today, 4 March 2025, there was a slight decline in gold prices. On Tuesday, 24 carat gold prices are trading in major cities across the country, Rs 86,600 per 10 grams and 22 carat gold is trading around Rs 79,300 per 10 grams. At the same time, the price of silver remains stable at Rs 96,900 per kg. Let us know that today’s fresh gold and silver prices and what are the reasons in the market.
Gold declines in gold and silver prices, know the reason
On Tuesday, there was not much change in the prices of gold and silver. Market experts say that this decline in gold prices has come due to dollar strength and speculation related to interest rates in the US.
These are the major reasons behind the fall in prices:
- Firm in the dollar index: The dollar strengthened by the US President levying a new fee on Mexico and Canada, declining the demand for gold.
- Federal Reserve policies: The possibility of postponing interest rates by the US Federal Reserve has increased, which reduced investors’ interest in gold.
- Global Economic Uncertainty: Gold prices are under pressure due to the vigilance of investors and improvement in the stock market.
Fresh gold prices in Delhi, Mumbai, Chennai and Kolkata
Gold prices may vary in different cities of India, which depend on local tax and other factors. Let’s know the price of fresh gold of March 4, 2025 in four major cities of the country:
| City name | 22 carat gold (₹/10 grams) | 24 carat gold (₹/10 grams) |
|---|---|---|
| Delhi | 79,540 | 86,760 |
| Chennai | 79,390 | 86,610 |
| Mumbai | 79,390 | 86,610 |
| Kolkata | 79,390 | 86,610 |
Gold becomes cheaper in Delhi and Mumbai
The price of 22 carat gold in Delhi is at Rs 79,540 per 10 grams and 24 carat gold at Rs 86,760 per 10 grams. In Mumbai, 22 carat gold is being sold at Rs 79,390, while 24 carat gold is being sold at Rs 86,610 per 10 grams.
No change in silver prices
Silver prices remain stable on 4 March 2025 as compared to gold.
- Fresh silver price: ₹ 96,900 per kg
- There has been no major change in the price of silver compared to the previous days.
How is the price of gold decided?
Gold prices in India are affected by many factors, including international markets, government policies and currency exchange rates. Let us understand how gold prices are fixed.
1. International market influence
- The price of gold is affected by the fluctuations in the international market.
- If the US dollar is stronger, gold prices decline.
- At the time of global crisis, investors turn to gold as a safe property, which increases its demand and prices.
2. Impact of the price of Rs.
- When the value of the Indian rupee falls, the import becomes expensive, which increases the prices of gold.
- Gold prices decline due to the strong rupee.
3. Government’s tax and duty
- Gold in India apply import duty, GST and other taxes, which affect its prices.
- The government may have up and down prices by reducing or increasing duty on gold imports.
4. Impact of festive and wedding season
- Gold in India is not only a source of investment, but also a part of traditions and customs.
- The demand for gold increases during the wedding and festivals season, which increases its prices.
Will it be beneficial to buy gold right now?
If you are planning to buy gold from an investment perspective, it is important to understand the current market status.
- If the Federal Reserve cuts interest rates, gold prices may rise again.
- Gold remains a safe option for long -term investors.
- This may be the right opportunity for those who buy gold due to marriage or other personal reasons, as its prices remain stability right now.
