In a historic milestone, gold prices in India soared to unprecedented levels today, with 24-carat gold breaching the Rs 90,000 mark per 10 grams.
This surge comes amid a bullish trend in the global bullion market, supported by ongoing economic uncertainties and the U.S. trade war.
As of March 18, 2025, the 22-carat gold price in India jumped Rs 400 to reach Rs 82,500 per 10 grams. Meanwhile, 24-carat gold prices spiked by Rs 440, marking a significant shift in the investment landscape. The rise extends to 18-carat gold as well, now priced at Rs 67,500 after a Rs 320 increase.
Internationally, spot gold crossed $3,000 per ounce for the first time, maintaining its rally despite a modest recovery in the U.S. dollar, which currently stands at 103 after a 0.15% uptick. All eyes are on the Federal Reserve meeting tomorrow, which is expected to shed light on potential monetary policies and their impact on global markets.
Silver Joins the Rally The surge wasn’t limited to gold, as silver prices in India also witnessed a significant jump. On March 18, 2025, the price of 1 kg of silver climbed by Rs 1,100 to Rs 104,000, while 100 grams of silver rose by Rs 110 to Rs 10,400.
City-Wise Gold Rates Major cities across India mirrored the upward trend in gold prices:
- In Chennai, the 24-carat gold rate stood at Rs 90,000 per 10 grams, with 22-carat gold priced at Rs 82,500.
- Bengaluru reported similar rates, with 24-carat gold at Rs 90,000 and 22-carat gold at Rs 82,500 per 10 grams.
The surge in precious metal prices underscores the impact of global economic tensions and the growing allure of gold and silver as safe-haven assets. Investors are advised to remain vigilant amid these historic price levels.
