Gold and Silver Prices Decline in India: Latest Rates in Key Cities
This week, India's gold and silver markets witnessed significant declines, with gold prices falling by Rs 5,000 and silver prices dropping by Rs 10,000. Despite volatility, rates remained relatively stable as trading on the MCX was closed.
Highlights
- •This week, gold and silver prices in India saw significant declines.
- •Silver prices dropped by Rs 10,000, while gold prices fell Rs 5,000 per kilogram.
- •Trading on the domestic futures market was closed due to the weekly holiday.
- •24-carat gold prices in key cities ranged from ₹163,460 in Chennai to ₹163,800 in Bhopal.
This week, the gold and silver markets in India saw significant fluctuations, with silver prices dropping by Rs 10,000 and gold prices dropping by Rs 5,000 per kilogram. Despite the volatility, gold and silver rates remain stable at the end of the trading week.
The Weekly Bullion Market saw no changes in the gold and silver rates on March 8th, as trading on the multi-commodity exchange (MCX) was closed for the weekly holiday.
In Mumbai, 24-carat gold is priced at ₹163,460 per 10 grams, while 22-carat gold is ₹147,690 per 10 grams. In Delhi, 24-carat gold is at ₹163,800 per 10 grams and 22-carat gold at ₹150,150 per 10 grams.
Chennai, Bhopal, Lucknow, and Chandigarh all have 24-carat gold values of ₹163,800 per 10 grams, matching the 22-carat gold rate of ₹150,150 per 10 grams.
