Gold and silver prices experienced a positive reversal on March 11, 2025, following a sharp decline the day before. In the international markets, the price of gold also saw an upward trend. The gold market’s movement, along with silver, is generating significant interest among investors and traders. If you are curious about the latest gold and silver prices in various cities, here is a detailed update.
Gold Prices on March 11, 2025
On March 11, gold prices witnessed a strong bounce back, showing recovery from a steep decline. The April gold contract on the Multi Commodity Exchange (MCX) opened at Rs 85,603 per 10 grams, up by Rs 184 from the previous closing price of Rs 85,419. As the day progressed, gold prices rose further, hitting a peak of Rs 85,690. The lowest point for the gold futures price was Rs 85,600, but it later stabilized at Rs 85,620. This represents an increase of Rs 201 or 0.24% from the previous session.
Earlier this year, gold futures had reached an all-time high of Rs 86,592 per 10 grams. As of the latest updates, the gold contract continued to see upward momentum.
Silver Prices on March 11, 2025
Similarly, silver futures also experienced an upward trend. The May 5, 2025 contract for silver opened at Rs 96,746 per kilogram, marking a gain of Rs 281 from the previous day’s closing price of Rs 96,465. Silver prices continued to climb throughout the day, reaching a high of Rs 96,908 per kg. As of the latest update, silver was trading at Rs 96,835, reflecting an increase of Rs 370 or 0.38% from the previous session.
In 2024, silver prices had peaked at Rs 1,00,081 per kilogram, marking a historic high. The recent gains have sparked renewed interest in silver as a commodity investment.
Gold and Silver Prices in the International Market
In global markets, gold showed a healthy performance. The COMEX gold price was approximately $2,901.4 per troy ounce. At 10:20 AM, the spot gold price stood at around $2,897.57 per ounce. The international prices are a key driver for local markets, and fluctuations in the global gold price directly influence domestic prices.
City-Wise Gold Prices in India on March 11, 2025
Gold prices vary across different cities in India, reflecting local demand, taxes, and transportation costs. Below are the prices for 24-carat and 22-carat gold in major cities:
Gold Price in Delhi
In Delhi, the price of 24-carat gold was quoted at Rs 87,640 per 10 grams. For 22-carat gold, the price was Rs 80,350 per 10 grams.
Gold Price in Mumbai
In Mumbai, the price of 24-carat gold stood at Rs 87,490 per 10 grams, while 22-carat gold was available at Rs 80,200 per 10 grams.
Gold Price in Kolkata
The 24-carat gold price in Kolkata was also Rs 87,490 per 10 grams. For 22-carat gold, the price was Rs 80,200 per 10 grams.
Gold Price in Chennai
In Chennai, the price of 24-carat gold was Rs 87,490 per 10 grams, while 22-carat gold was priced at Rs 80,200 per 10 grams.
Silver Prices in India on March 11, 2025
Silver prices also showed positive movement on March 11, 2025, in line with the global price increase. Below are the current silver prices in different cities across India:
Silver Price in Delhi
In Delhi, the price of silver was Rs 98,000 per kilogram.
Silver Price in Mumbai
In Mumbai, the price of silver stood at Rs 98,000 per kilogram.
Silver Price in Kolkata
In Kolkata, the price of silver was also Rs 98,000 per kilogram.
Silver Price in Chennai
In Chennai, silver was priced at Rs 1,07,000 per kilogram, which is higher than the prices in other major cities. This could be attributed to regional market differences and local demand.
Analysis of Gold and Silver Price Trends
The positive shift in gold and silver prices on March 11 indicates investor confidence in the precious metals market. Gold and silver are often seen as safe-haven assets, especially during uncertain economic times. The rise in prices could be linked to various factors, including global economic conditions, market speculation, and demand for investment in gold and silver.
The market saw a sharp drop in gold prices recently, but the bounce back on March 11 suggests a resilient market. Analysts suggest that the increase in gold and silver prices could continue as more investors flock to these assets, particularly in light of economic uncertainties and inflation fears.
Key Factors Influencing Gold and Silver Prices
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Global Economic Conditions: The performance of global markets, currency fluctuations, and economic uncertainties can have a significant impact on the prices of gold and silver. Any major economic event or geopolitical tension often leads to increased demand for these precious metals as safe-haven assets.
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Interest Rates: Central banks’ interest rate policies also play a crucial role in determining the price of gold and silver. When interest rates are low, the appeal of precious metals tends to rise because they provide a better store of value.
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Demand and Supply: Local demand, mining production levels, and new developments in the precious metals market influence prices. Any disruption in the supply chain or an increase in demand can push prices higher.
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Currency Fluctuations: The strength of the US dollar impacts global gold and silver prices. A stronger dollar often leads to lower gold and silver prices, while a weaker dollar can cause prices to rise.
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Inflation: Gold is often seen as a hedge against inflation. When inflation rises, investors look to gold and silver as a way to preserve value. This can push prices higher.
Investing in Gold and Silver
For those considering investing in gold and silver, there are several options available. Investors can choose to buy physical gold and silver in the form of coins, bars, or jewelry, or they can opt for financial products like gold ETFs (Exchange Traded Funds), silver ETFs, or gold and silver futures contracts.
Gold and silver also serve as long-term investments, and many consider them a way to diversify their portfolios. Given the fluctuations in the market, it is important to stay informed and consult with financial advisors before making investment decisions.
Gold and silver prices on March 11, 2025, displayed a strong rebound after a recent decline, with both metals continuing to show positive momentum on the MCX and in global markets. Investors are closely watching these movements, and experts believe that gold and silver will remain attractive investments in the current economic environment.
Whether you’re buying gold or silver as an investment or for personal use, it’s important to stay updated on the latest price trends. This allows you to make informed decisions and potentially benefit from future price movements. As gold prices in India reach new heights, and silver continues to show its potential, the outlook for these precious metals remains strong in the coming months.
For the most accurate and up-to-date information on gold and silver prices, always check trusted financial sources and consult experts in the field.