The price of gold has been recorded a decline just a day before Holika Dahan. The price of gold declined on 12 March 2025, which has given some relief to buyers. Today 10 grams of gold has become cheaper by about 400 rupees. In the major cities of the country, the price of 24 carat gold is running around Rs 87,400 per 10 grams, while the price of 22 carat gold remains crossing Rs 80,200 per 10 grams.
At the same time, the price of silver has also declined. The price of one kilogram of silver has come to the level of Rs 97,900. Let’s know, the latest rate of gold and silver of 12 March 2025 today.
Fresh silver
Today, on 12 March 2025, the price of silver has fallen by Rs 1,000.
- Today’s silver rate: ₹ 97,900 per kg
- Tomorrow’s silver rate: ₹ 98,900 per kg
The reason for this decline is believed to be the declining demand for silver in the international market and the strength of the rupee against the dollar.
Gold Rate in Metro Cities in Delhi and Mumbai
The price of 22 carats and 24 carat gold in major cities of the country is as follows:
| City name | 22 carat gold rate (₹/10 grams) | 24 carat gold rate (₹/10 grams) |
|---|---|---|
| Delhi | ₹ 80,340 | ₹ 87,630 |
| Mumbai | ₹ 80,190 | ₹ 87,480 |
| Chennai | ₹ 80,190 | ₹ 87,480 |
| Kolkata | ₹ 80,190 | ₹ 87,480 |
In other major cities of the country, light fluctuations have been seen in gold prices.
Why did the price of gold fall?
In recent times, there is a steady decline in gold prices. There can be many reasons behind this:
- Impact of global market: There has been a decrease in demand for gold in the US and European markets.
- Dollar strength: Gold prices have increased due to strong US dollar.
- Changes in interest rates: The indication of a possible increase in interest rates by the Federal Reserve has affected gold prices.
- Investors vigilance: Investors are now showing more interest in stocks and other assets, which has led to a decline in the price of gold.
How is the price of gold fixed in India?
Gold prices in India depend on many factors:
- Gold prices in international market
- Change in exchange rate of rupee and dollar
- Tax and import duty imposed by the government
- Demand for gold during marriage and festivals
Is this the right time to buy gold?
If you are thinking of investing in gold, this may be the right time, because prices are still low and they may change in the coming days.
