Mumbai, India: The Gold Price in India Today, March 4, witnessed a significant jump, with 22K gold prices rising by ₹7,000 per 100 grams. In contrast, silver prices took a downward turn, showing a decline in market demand. This price movement comes amid global economic uncertainties, fluctuating inflation, and changing interest rate policies by central banks. Investors are closely monitoring these shifts, as gold remains a preferred hedge against inflation and financial instability.
Also Read: Gold Prices Decline in India: Latest City-Wise Rates on March 3, 2025
22K and 24K Gold Rates Across Major Cities
Gold prices surged in different regions, reflecting strong domestic and international demand. Here’s a look at the latest increased gold rates per 10 grams in major Indian cities:
- Delhi – ₹5,850 (22K), ₹6,380 (24K)
- Mumbai – ₹5,800 (22K), ₹6,330 (24K)
- Kolkata – ₹5,800 (22K), ₹6,330 (24K)
- Chennai – ₹5,870 (22K), ₹6,410 (24K)
- Bangalore – ₹5,820 (22K), ₹6,350 (24K)
The rise in gold prices is attributed to increasing global demand, depreciation of the Indian rupee, and geopolitical uncertainties.
Silver Price Declines Amidst Market Fluctuations
While gold prices saw a substantial hike, silver experienced a contrasting movement. The price of silver dropped by ₹500 per kilogram, with the latest rates standing at:
- Delhi – ₹76,200 per kg
- Mumbai – ₹75,800 per kg
- Kolkata – ₹75,700 per kg
- Chennai – ₹77,100 per kg
- Bangalore – ₹76,000 per kg
The decline in silver prices is linked to reduced industrial demand and profit booking by investors.
Factors Influencing the Gold Price in India Today
The recent fluctuations in gold and silver prices can be attributed to several key factors:
1. Global Economic Conditions
Gold prices tend to rise when global economic conditions become uncertain. With inflationary pressures increasing and central banks adjusting interest rates, investors are shifting towards gold as a safe asset.
2. Rupee Depreciation
A weaker Indian rupee against the US dollar makes gold imports costlier, pushing domestic prices higher. The recent rupee depreciation has significantly impacted gold rates.
3. US Federal Reserve’s Interest Rate Policies
The US Fed’s stance on interest rate hikes plays a crucial role in gold pricing. Lower interest rates make gold more attractive, leading to higher demand and rising prices.
4. Market Demand and Supply
Jewelry demand, particularly in India, influences gold prices. With wedding season demand peaking, domestic gold consumption is driving up rates.
Outlook for Gold and Silver Prices
Experts predict that gold prices may remain volatile in the coming days, depending on global economic trends and central bank policies. With geopolitical tensions persisting and inflation concerns rising, gold could maintain its upward momentum.
On the other hand, silver may witness mixed trends due to fluctuating industrial demand and global market adjustments. Investors are advised to track market trends before making investment decisions.
Conclusion: A Crucial Phase for Gold and Silver Markets
The Gold Price in India Today, March 4, shows a strong surge in gold rates, with 22K gold soaring by ₹7,000 per 100 grams. Meanwhile, silver prices have declined due to weaker demand. With global factors continuing to impact the market, investors should stay informed about price movements before making any trading or investment decisions.
