The gold and silver markets have witnessed significant fluctuations in their prices on March 4, 2025. Gold rates continue to rise sharply, creating concerns among investors and buyers. The surging prices of gold and silver have sparked a wave of anxiety among consumers, especially those planning investments or jewelry purchases.
On March 4, 2025, gold prices have crossed the ₹86,000 per 10 grams mark. Alongside gold, silver prices have also seen a considerable jump, making it essential for potential buyers and investors to stay updated with the latest rates before making any transactions. Let us explore the latest gold rates as per official sources and understand the factors influencing the gold market.
Gold Price Today: Latest Rates for Different Purities
According to the Indian Bullion Jewelers Association (IBJA), here are the updated gold prices per 10 grams on March 4, 2025:
24 Carat (995 Purity) Gold – ₹86,086 per 10 grams
22 Carat (916 Purity) Gold – ₹79,172 per 10 grams
18 Carat (750 Purity) Gold – ₹64,824 per 10 grams
14 Carat (585 Purity) Gold – ₹50,563 per 10 grams
Silver (999 Purity) – ₹95,293 per kg
These prices are pre-tax and exclude making charges. It is crucial to note that jewelers charge additional GST and making charges on gold purchases, which leads to a higher final price.
City-Wise Gold Prices in India (March 4, 2025)
Gold prices vary across different cities in India due to local demand, transportation costs, and tax variations. Below are the city-specific gold rates for 22-carat and 24-carat gold on March 4, 2025:
Gold Prices in Delhi
22 Carat Gold – ₹79,540 per 10 grams
24 Carat Gold – ₹86,760 per 10 grams
Gold Prices in Chennai
22 Carat Gold – ₹79,390 per 10 grams
24 Carat Gold – ₹86,610 per 10 grams
Gold Prices in Mumbai
22 Carat Gold – ₹79,390 per 10 grams
24 Carat Gold – ₹86,610 per 10 grams
Gold Prices in Kolkata
22 Carat Gold – ₹79,390 per 10 grams
24 Carat Gold – ₹86,610 per 10 grams
Gold prices in these cities are subject to change depending on market trends, government policies, and international gold rates.
Factors Influencing Gold Prices in India
Gold prices are impacted by various economic and global factors. Here are some of the major reasons behind gold price fluctuations:
1. International Gold Prices
Gold is an international commodity, and its prices in India are influenced by global market trends. The London Bullion Market Association (LBMA) and COMEX (Commodity Exchange) set global gold benchmarks, affecting local rates.
2. Currency Exchange Rates
The value of the Indian Rupee (INR) against the US Dollar (USD) plays a crucial role in determining gold prices. A weaker rupee makes gold more expensive in India, while a stronger rupee helps keep prices stable.
3. Inflation and Interest Rates
Gold is considered a safe investment against inflation. When inflation rates rise, the demand for gold increases, pushing prices higher. Additionally, low-interest rates make gold an attractive investment, leading to price hikes.
4. Central Bank Gold Reserves
The Reserve Bank of India (RBI) and other central banks worldwide purchase and hold gold reserves. When central banks increase their gold reserves, it impacts demand and raises prices.
5. Demand During Festivals & Weddings
India is one of the largest consumers of gold, particularly during festivals like Diwali, Dhanteras, and Akshaya Tritiya, and wedding seasons. Increased demand during these periods often leads to price spikes.
6. Government Policies & Import Duties
The Indian government imposes import duties and taxes on gold imports. Higher import duties directly impact gold prices, making it costlier for consumers.
7. Geopolitical Events & Market Uncertainty
Gold is considered a safe-haven asset during times of global economic or political instability. Events such as wars, recessions, and financial crises often lead to an increase in gold prices as investors flock to safer assets.
Should You Buy Gold at Current Prices?
With gold prices at record highs, investors and buyers are debating whether it is the right time to invest. Here are some key points to consider:
Long-term investors may still find gold a good hedge against inflation and economic uncertainty.
Short-term buyers may want to wait for a price correction before making large purchases.
Gold jewelry buyers should consider making charges, GST, and resale value before investing.
Investing in gold ETFs (Exchange-Traded Funds) or Sovereign Gold Bonds can be a viable alternative to physical gold.
If you are planning to buy gold for investment or jewelry, always compare prices across multiple sources and ensure you get the best deal.
How to Check Live Gold Prices in India?
To stay updated on the latest gold prices, you can check:
Indian Bullion Jewelers Association (IBJA) official website
MCX (Multi Commodity Exchange of India)
Bank and jewelry store websites
Financial news portals and investment apps
Monitoring real-time gold prices helps in making informed buying decisions.
In conclusion, the gold market is dynamic and influenced by a multitude of factors. Whether you are an investor or a consumer, staying informed about the latest trends and prices is crucial for making sound financial decisions.
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