Gold prices in India showed little movement at the start of the week, with no significant changes recorded. The 22-carat gold price is currently below the Rs. 80,000 mark, a level it briefly surpassed last week. With the U.S. dollar weakening again, experts expect gold prices to rise, particularly as geopolitical tensions continue to escalate due to delayed peace negotiations between Ukraine and Russia.
Gold Rates in India on March 3, 2025
22-carat gold: Rs. 79,400 per 10 grams (no major changes)
24-carat gold: Rs. 86,620 per 10 grams
18-carat gold: Rs. 64,970 per 10 grams
100 grams of 22-carat gold: Rs. 79,400
100 grams of 24-carat gold: Rs. 86,220
MCX Gold and Silver Futures Update
Gold futures: Trading at Rs. 84,692 per 10 grams, up by 0.56%, with contracts set to mature on April 4, 2025.
Silver futures: Priced at Rs. 94,913 per kg, increasing by 0.62%, with expiry on May 5, 2025.
International Gold and Silver Prices
According to a Reuters report, gold prices saw a slight uptick on Monday, supported by a weaker U.S. dollar and heightened demand for safe-haven assets amid ongoing geopolitical uncertainty and U.S. tariff policy concerns. As of 0303 GMT, spot gold rose 0.3% to $2,866.76 per ounce, while U.S. gold futures gained 1.1% to $2,880.50. Meanwhile, spot silver increased 0.5% to $31.30 per ounce.
The ongoing geopolitical issues, combined with market uncertainty, are expected to continue driving demand for gold and silver as investors seek safe-haven assets.
Related topics:
- India Surpasses China in Gold Purchases, Buying 51% More in Three Months
- Gold Rates Skyrocket in Chennai on Diwali, 24K Gold Exceeds Rs. 81,000 Per 10 Grams
- Bitcoin Poised for a Surge Amid Gold’s Delivery Delays, Expert Claims
