On March 28, 2025, gold prices in India experienced a noticeable increase, influenced by global market trends and domestic demand.
Gold Prices in Major Indian Cities:
| City | 22-Carat Gold (10g) | 24-Carat Gold (10g) |
|---|---|---|
| Mumbai | ₹82,360 | ₹89,850 |
| Delhi | ₹82,510 | ₹90,000 |
| Chennai | ₹82,360 | ₹89,850 |
| Bengaluru | ₹82,360 | ₹89,850 |
| Kolkata | ₹82,360 | ₹89,850 |
Silver Prices:
Silver prices also saw an uptick, with rates reaching ₹1,01,900 per kilogram in cities like Delhi, Mumbai, and Kolkata. citeturn0search6
Factors Influencing Gold Prices:
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Global Economic Indicators: Recent forecasts suggest that gold's bullish trend may continue into 2025, driven by increased investments in exchange-traded funds (ETFs) and anticipated interest rate cuts by major central banks, including the U.S. Federal Reserve. Domestic Demand:
In India, cultural events and festivals often lead to heightened gold purchases, further influencing price fluctuations.
Investment Avenues:
For investors seeking exposure to gold without physical possession, options like the SPDR Gold Shares ETF (GLD) and iShares Gold Trust (IAU) are available in the U.S. market. As of March 28, 2025, GLD is priced at $281.97, and IAU at $57.68.
Conclusion:
Gold prices in India on March 28, 2025, reflect a combination of global economic trends and robust domestic demand. Prospective buyers and investors should stay informed about both international market movements and local factors to make well-informed decisions regarding gold purchases and investments.