The trend of falling gold prices continues across the country. On the morning of March 14, the price of 24-carat gold fell to ₹160,830 per 10 grams in the capital Delhi. In Mumbai, the price has fallen to ₹160,680 per 10 grams. Exactly a day earlier, in Delhi’s bullion market, gold prices had fallen by ₹2,000—or 1.21 per cent—to close at ₹165,200 per 10 grams. Experts attribute this decline to the strengthening of the US dollar and uncertainty over global monetary policies. Meanwhile, crude oil prices are skyrocketing due to escalating conflicts in West Asia, raising fears of rising inflation. As a result, central banks may be forced to maintain a tight monetary stance for a longer period of time. In the international market, spot gold is currently trading at $5,088 an ounce.
Gold rates in major cities of the country
Gold Prices in Delhi: In Delhi, the price of 24-carat gold is ₹160,830 per 10 grams. The rate of 22-carat gold is ₹147,440 per 10 grams.
Mumbai, Chennai and Kolkata: Currently, in Mumbai, Chennai and Kolkata, the price of 22-carat gold is ₹147,290 per 10 grams, while the price of 24-carat gold is ₹160,680 per 10 grams.
Prices in Pune and Bengaluru: In both these cities, the price of 24-carat gold is ₹160,680 per 10 grams, and the price of 22-carat gold is ₹147,290 per 10 grams.
silver prices
Silver—another precious metal—is becoming increasingly cheaper. On the morning of March 14, its price fell to ₹279,800 per kg. The previous day, silver prices had fallen by ₹11,000—or 3.97 per cent—to ₹2,65,500 per kg in the Delhi bullion market. In the international market, the spot price of silver is $83.14 per ounce. In January this year, the price of silver had crossed the ₹4 lakh mark.
