On March 3, 2025, the precious metals market experienced notable fluctuations. Gold prices saw a minor decline, while silver prices increased significantly. 24-carat gold was priced at ₹85,020 per 10 grams, reflecting a decrease of ₹36 from the previous price of ₹85,056 on February 28. On the other hand, silver surged to ₹93,653 per kilogram, an increase of ₹173 from ₹93,480.
The India Bullion and Jewellers Association (IBJA) regularly updates market prices, providing insights into price movements driven by factors such as domestic demand, trading activities, and geopolitical influences. Gold has shown significant price shifts in recent months, with an increase of ₹8,858 since the start of 2025, demonstrating the volatility of the market. As of March 3, 2025, the prices for various purities of gold were as follows: 10 grams of 999 purity gold at ₹85,020, 995 purity gold at ₹84,680, and 916 purity gold at ₹77,878.
Gold prices have been on a rollercoaster ride. On February 19, 2025, gold reached an all-time high of ₹86,733, underscoring how rapidly the market can change within just a few weeks.
Ajay Kedia from Kedia Advisory remarked on these fluctuations, emphasizing how geopolitical tensions and shifting investment trends are driving the demand for gold. Despite today’s ₹36 dip, gold’s volatility continues to attract attention from both investors and consumers.
Retailers and consumers are advised to stay informed, particularly as events like weddings and festivals drive up the demand for gold. With gold prices potentially reaching ₹90,000 per 10 grams within the year, as suggested by some analysts, the market remains a focal point for investment and speculation.
The Bureau of Indian Standards (BIS) recommends that buyers purchase gold with the appropriate certifications and hallmarks to ensure purity, particularly with the 6-digit Hallmark Unique Identification Number (HUID). This ensures the quality and authenticity of the gold being purchased.
Market observers also highlight the importance of monitoring real-time updates from IBJA, which releases price data twice daily. These updates provide vital information to help consumers and traders make well-informed decisions.
While gold prices have slightly decreased, silver prices have been on the rise, presenting unique opportunities and challenges for investors. The volatility observed in the precious metals market calls for cautious and informed decision-making.
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