KKN Gurugram Desk | The price of gold and silver is often influenced by a variety of factors, including global economic uncertainty, geopolitical tensions, and market speculation. On March 27, 2025, gold and silver prices experienced fluctuations in both domestic and international markets. Amid the ongoing global economic concerns, including the impact of US President Donald Trump’s tariff policies, investors are keeping a close eye on precious metals. Here is a comprehensive update on the current prices of gold and silver, both domestically and internationally.
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Gold Price Today: Domestic and International Market Trends
Gold Price in the Domestic Futures Market – March 27, 2025
In India, the gold price saw a rise on March 27, 2025, in the domestic futures market. The gold April 4 contract on the Multi Commodity Exchange (MCX) opened at Rs 87,785 per 10 grams, marking an increase of Rs 147 from the previous close of Rs 87,638. By the time of writing this report, the contract was trading at Rs 87,950, up by Rs 444 or 0.51%. The price reached a high of Rs 87,999 and a low of Rs 87,665 during the trading session.
This increase in gold prices is attributed to ongoing uncertainties in the global economic landscape, particularly concerning the US President Donald Trump’s tariff policies, which have created a climate of instability in the markets.
Gold Price in International Markets
The international gold market also witnessed a significant rise in prices on March 27, 2025. As of 10:15 AM, the COMEX gold price stood at around $3,043 per troy ounce, while the spot gold price was recorded at $3,036.4 per ounce.
The surge in international gold prices is reflective of global economic tensions, as investors tend to flock to safe-haven assets like gold during times of uncertainty. The global demand for gold remains strong due to the potential for further volatility in global markets.
Silver Price Today: Domestic and International Market Trends
Silver Futures Prices in India
On March 27, 2025, silver futures prices also saw an uptick in the Indian market. The May 5, 2025, contract on the MCX opened at Rs 99,744 per kg, a gain of Rs 258 from the previous close of Rs 99,486. The silver contract later touched a high of Rs 99,900, and as of the latest update, it was trading at Rs 99,850, showing an increase of Rs 364 or 0.37% from the previous day’s closing price.
This rise in silver prices is closely linked to the overall economic uncertainty and market speculation, which is pushing investors to diversify their portfolios with precious metals such as gold and silver.
Silver Prices in the International Market
Silver prices in the international market are also impacted by global financial conditions. On March 27, 2025, silver prices were showing an upward trend, with silver trading at $26.20 per ounce globally, continuing the momentum seen in the past few days.
Gold and Silver Prices in Major Indian Cities
The price of gold and silver can vary from city to city due to factors such as taxes, import duties, and local market conditions. Here’s a quick look at the prices of gold and silver in some major Indian cities:
Gold Price in Major Cities
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Gold Price in Delhi:
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24-carat gold: Rs 89,990 per 10 grams
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22-carat gold: Rs 82,500 per 10 grams
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Gold Price in Mumbai:
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24-carat gold: Rs 89,840 per 10 grams
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22-carat gold: Rs 82,350 per 10 grams
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Gold Price in Kolkata:
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24-carat gold: Rs 89,840 per 10 grams
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22-carat gold: Rs 82,350 per 10 grams
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Gold Price in Chennai:
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24-carat gold: Rs 89,840 per 10 grams
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22-carat gold: Rs 82,350 per 10 grams
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As seen in the data, gold prices in Delhi, Mumbai, Kolkata, and Chennai are relatively consistent, with only minor fluctuations based on local market factors. The 24-carat gold is priced slightly higher than 22-carat gold, which is common due to the higher purity of 24-carat gold.
Silver Price in Major Cities
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Silver Price in Delhi:
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Rs 1,01,000 per kg
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Silver Price in Mumbai:
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Rs 1,02,000 per kg
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Silver Price in Kolkata:
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Rs 1,02,000 per kg
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Silver Price in Chennai:
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Rs 1,11,000 per kg
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The price of silver also varies from city to city, with Chennai having the highest silver price at Rs 1,11,000 per kg. Other cities like Delhi, Mumbai, and Kolkata have silver prices ranging between Rs 1,01,000 and Rs 1,02,000 per kg, indicating a small difference in silver prices based on location.
Factors Influencing Gold and Silver Prices Today
Several key factors influence the price of gold and silver in both domestic and international markets. These factors include:
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Global Economic Uncertainty: As seen today, the uncertainty surrounding the US President’s tariff policies has caused market instability, leading investors to seek refuge in precious metals like gold and silver.
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Interest Rates: Central banks, including the US Federal Reserve and other global institutions, play a major role in determining gold and silver prices. Lower interest rates make precious metals more attractive to investors as they do not yield interest, unlike bonds or savings accounts.
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US Dollar Strength: Gold and silver are typically traded in US dollars, meaning a stronger US dollar often leads to lower prices for these metals, and vice versa.
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Geopolitical Tensions: Any political unrest, particularly involving major economies or oil-producing countries, often results in a surge in gold and silver prices as they are considered safe-haven assets.
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Inflation: Rising inflation reduces the purchasing power of fiat currencies, prompting investors to buy gold and silver as hedges against inflation.
Outlook for Gold and Silver Prices
Given the ongoing geopolitical and economic factors, gold and silver are expected to remain in demand as safe-haven assets. With US President Donald Trump’s tariff policies continuing to cause uncertainty, the prices of gold and silver might see further fluctuations in the coming days. Investors are expected to stay cautious, making precious metals a safer investment during times of economic turbulence.
Moreover, the global financial conditions will play a significant role in determining the price movements of gold and silver in the short term. Analysts suggest that the demand for these metals could increase if the economic and political situation worsens.
As of March 27, 2025, gold and silver prices are experiencing fluctuations both in domestic and international markets. The prices are driven by a range of factors, including economic instability, geopolitical tensions, and market speculation. With gold trading at approximately $3,036.4 per ounce internationally and prices hovering around Rs 87,950 per 10 grams in India, it is clear that precious metals remain a crucial part of investment portfolios, especially during periods of uncertainty.
