Gold and silver prices in India witnessed a slight decline on March 17, with both precious metals slipping marginally in domestic markets. The fall comes amid mixed global cues, as investors remain cautious while monitoring geopolitical developments and economic signals influencing bullion prices.
According to market data, the price of 24-carat gold dipped by ₹10 to ₹1,57,410 per 10 grams, while 22-carat gold also fell by ₹10 to ₹1,44,290 per 10 grams. Meanwhile, silver prices declined by ₹100, bringing the rate down to ₹2,69,900 per kilogram. Despite the minor drop, prices continue to remain at relatively high levels and are moving within a narrow range in recent sessions.
City-wise rates show minor variations across major markets. In Delhi, 24-carat gold was priced at ₹1,57,560 per 10 grams, while 22-carat gold stood at ₹1,44,440 per 10 grams. In cities such as Mumbai, Kolkata, Bengaluru and Hyderabad, 24-carat gold was trading at ₹1,57,410 per 10 grams and 22-carat gold at ₹1,44,290 per 10 grams.
Prices in Chennai were comparatively higher than other metro cities. Here, 24-carat gold was quoted at ₹1,60,470 per 10 grams, while 22-carat gold stood at ₹1,47,090 per 10 grams. Silver in most cities was priced at ₹2,69,900 per kg, whereas in Chennai the metal was trading higher at ₹2,75,900 per kg.
Bullion markets continue to be influenced by global developments. Internationally, gold prices have been fluctuating amid changing economic conditions, currency movements and investor sentiment. A weaker US dollar has provided some support to gold prices, while concerns related to global economic trends and geopolitical tensions have kept markets cautious.
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