KKN Gurugram Desk | If you’re considering purchasing gold or silver ahead of Women’s Day, it’s essential to first check the latest market rates. On March 5, 2025, there has been a significant increase in gold prices. The price has surged by ₹600 per 10 grams, while silver prices remain unchanged. After the new price update, gold is trending at ₹88,000 per 10 grams, and silver is holding steady at ₹98,000 per kilogram.

Let’s dive into the detailed gold and silver prices across various cities, along with information on how to check the purity of gold. Here’s everything you need to know before making your purchase today.

Current Gold and Silver Prices for March 5, 2025

According to the latest reports from the bullion market, gold and silver prices are as follows:

Gold Price Today

• 18 Carat Gold:

  • Delhi: ₹66,110 per 10 grams
  • Kolkata & Mumbai: ₹65,990 per 10 grams
  • Indore & Bhopal: ₹66,030 per 10 grams
  • Chennai: ₹66,450 per 10 grams

• 22 Carat Gold:

  • Bhopal & Indore: ₹80,700 per 10 grams
  • Jaipur, Lucknow, Delhi: ₹80,800 per 10 grams
  • Hyderabad, Kerala, Kolkata, Mumbai: ₹80,650 per 10 grams

• 24 Carat Gold:

  • Bhopal & Indore: ₹88,030 per 10 grams
  • Delhi, Jaipur, Lucknow, Chandigarh: ₹88,130 per 10 grams
  • Hyderabad, Kerala, Bengaluru, Mumbai: ₹87,980 per 10 grams
  • Chennai: ₹87,980 per 10 grams

Silver Price Today

• Silver is trading at ₹98,000 per kilogram across various cities.

Why Are Gold Prices Rising?

The significant rise in gold prices can be attributed to various factors, including global market conditions, inflationary pressures, and geopolitical tensions. These factors drive demand for gold as a safe-haven asset, particularly in times of uncertainty. Additionally, the upcoming festivals and Women’s Day celebrations lead to an increased demand for jewelry, further pushing prices higher.

How to Check Gold Purity: A Simple Guide

When purchasing gold, it’s essential to ensure you’re getting the right quality and purity. The purity of gold is measured in carats, and understanding these levels can help you make an informed decision. Here’s how you can check the purity of gold:

Gold Purity Standards

• 24 Carat Gold: This is considered pure gold, with a purity of 99.9%. It’s often referred to as “999 gold,” meaning it’s 99.9% pure.
• 22 Carat Gold: This is 91.6% pure gold, with the rest being other metals like copper or silver. It’s typically stamped as “916,” indicating the purity.
• 18 Carat Gold: This contains 75% pure gold, with 25% of other metals. The purity is often marked as “750” on the jewelry.

How to Identify Pure Gold

To determine whether the gold you’re buying is authentic, you can look for the hallmark. The Hallmark Certification is a standard certification system used in India, which indicates the purity of gold. If the gold item is marked with a hallmark, it will also indicate its carat, such as 24K, 22K, or 18K, and its corresponding purity percentage (e.g., 999 for 24K, 916 for 22K, and 750 for 18K).

While 24-carat gold is pure gold, it is generally not used for jewelry because it is too soft. Most jewelry in the market is made from 22-carat or 18-carat gold. This is because gold is often alloyed with other metals like copper, zinc, or silver to increase its strength and durability.

Why is 24-Carat Gold Rare in Jewelry?

24-carat gold is considered the purest form of gold, but it is not practical for making jewelry. The softness of pure gold makes it more susceptible to damage, such as scratching or bending. This is why most jewelry is made using 22-carat or 18-carat gold, as they are more durable and better suited for daily wear.

You may often find 24-carat gold in the form of coins or bars, but jewelry made from this grade of gold is rare. Instead, jewelers typically use 18K, 20K, or 22K gold for making rings, bracelets, necklaces, and other ornaments.

Factors Affecting Gold Prices

Gold prices are influenced by several global and local factors, including:

• Global Economic Conditions: In times of economic instability, investors turn to gold as a safe haven. This can drive up the price.
• US Dollar Fluctuations: Since gold is traded globally in US dollars, any fluctuations in the dollar’s value can directly impact gold prices.
• Inflation: When inflation rises, gold becomes an attractive investment because it tends to retain its value better than paper currencies.
• Interest Rates: When interest rates are low, gold becomes more appealing as an investment compared to interest-bearing assets.
• Geopolitical Tensions: Political instability and global tensions often lead to a surge in gold demand, as it is considered a stable asset during times of uncertainty.

Why Gold is a Popular Investment in India

Gold has long been a preferred investment in India, not just for its financial value but also due to its cultural significance. It is seen as a symbol of wealth and prosperity and is traditionally purchased during festivals, weddings, and other important life events. Moreover, it is easily accessible, and its value is widely recognized across the globe, making it an attractive choice for both short-term and long-term investment.

Gold as a Safe-Haven Investment

Gold has historically been viewed as a safe-haven asset. During times of market volatility or economic downturns, gold tends to hold its value, unlike stocks or real estate. It is seen as a store of value that can weather the storm during uncertain times. Therefore, many investors turn to gold during times of economic crises or when other investment options seem too risky.

Silver Prices: A Steady Alternative

While gold typically gets the most attention, silver also remains a popular and valuable asset. Although silver prices are generally lower than gold, it is often used for investment in the form of silver coins, bars, and jewelry. Silver also sees a steady demand, especially in industries like electronics, medicine, and renewable energy, where it is used in various applications.

Just like gold, the price of silver is also affected by market trends, industrial demand, and inflation rates. Today, silver is trading at ₹98,000 per kilogram, and its price has remained relatively stable in recent months.

How to Buy Gold and Silver in India

When buying gold and silver, it’s crucial to consider the current market rates. Always check prices from multiple sources, including trusted jewelers and bullion dealers. Additionally, always ensure that the gold you purchase is hallmarked, especially if it is for investment purposes.

If you’re purchasing jewelry, be aware of making charges, which are added to the price of the metal. These charges can vary depending on the design, craftsmanship, and complexity of the jewelry. Furthermore, always inquire about the purity of the metal and ensure that the product is certified.

Gold and silver remain two of the most sought-after assets in India. Whether you’re purchasing for investment, gifting, or personal use, it’s crucial to stay informed about the latest market prices and purity levels. On March 5, 2025, gold has seen a significant increase in value, and it’s important to be aware of how gold prices are trending in different cities.