KKN Gurugram Desk | Gold and silver prices continue to fluctuate based on global trends, demand, and economic conditions. On 9 March 2025, the price of 24-carat gold in Delhi has increased, while silver prices have remained stable. Let’s look at the latest gold and silver rates in major Indian cities and understand the factors affecting the market.

Gold Rate Today – 9 March 2025

Gold Price in Delhi

• 24-carat gold price: ₹87,883 per 10 grams
• 22-carat gold price: ₹80,573 per 10 grams
• Change in price: Up by ₹560 for 24-carat gold and ₹510 for 22-carat gold
• Gold rate yesterday (8 March 2025): ₹87,653 per 10 grams
• Gold rate last week (3 March 2025): ₹86,783 per 10 grams

Gold Price in Chennai

• Today’s gold price: ₹87,731 per 10 grams
• Yesterday’s price: ₹87,501 per 10 grams
• Gold price last week: ₹86,631 per 10 grams

Gold Price in Mumbai

• Today’s rate: ₹87,737 per 10 grams
• Yesterday’s price: ₹87,507 per 10 grams
• Last week’s price: ₹86,637 per 10 grams

Gold Price in Kolkata

• Today’s rate: ₹87,735 per 10 grams
• Yesterday’s price: ₹87,505 per 10 grams
• Last week’s price: ₹86,635 per 10 grams

Silver Rate Today – 9 March 2025

Silver Price in Delhi

• Today’s silver rate: ₹102,200 per kg
• Change in price: Down by ₹100
• Yesterday’s price: ₹102,200 per kg
• Last week’s price: ₹100,000 per kg

Silver Price in Chennai

• Today’s rate: ₹110,800 per kg
• Yesterday’s price: ₹110,800 per kg
• Last week’s price: ₹107,600 per kg

Silver Price in Mumbai

• Today’s rate: ₹101,500 per kg
• Yesterday’s price: ₹101,500 per kg
• Last week’s price: ₹99,300 per kg

Silver Price in Kolkata

• Today’s rate: ₹103,000 per kg
• Yesterday’s price: ₹103,000 per kg
• Last week’s price: ₹100,800 per kg

Gold and Silver Price Trends in the Last Month

• 24-carat gold price change in the last week: -0.99%
• 24-carat gold price change in the last month: -1.12%
• Silver prices have shown a minor decline in the last week

MCX Gold and Silver Futures Price (9 March 2025)

The Multi Commodity Exchange (MCX) gold and silver futures are also showing movement:

• Gold April 2025 MCX Futures: ₹84,800 per 10 grams (Up by ₹0.422)
• Silver July 2025 MCX Futures: ₹99,322 per kg (Up by ₹0.259)

Factors Affecting Gold and Silver Prices in India

The prices of gold and silver are influenced by several factors, including:

1. Global Gold Demand

Gold prices are impacted by international demand, particularly from major gold-consuming nations like China and the USA.

2. Currency Exchange Rates

The strength of the US dollar against the Indian Rupee affects gold prices. A weaker rupee results in higher gold prices in India.

3. Interest Rates and Inflation

When interest rates rise, people invest in financial assets rather than gold, lowering demand. On the other hand, high inflation increases gold demand, driving prices up.

4. Government Policies and Import Duties

The Indian government’s import duties and taxation on gold and silver impact domestic prices. A rise in import duties increases gold prices.

5. Stock Market and Economic Conditions

Gold is considered a safe-haven investment during economic crises. If the stock market is volatile, investors turn to gold, increasing its price.

6. Jewelry Demand in India

India is one of the largest consumers of gold, particularly during the wedding season and festivals like Diwali and Akshaya Tritiya. Increased demand raises prices.

Should You Invest in Gold and Silver Right Now?

Why Investing in Gold is a Good Option

✅ Safe-Haven Asset: Gold provides security during financial crises.
✅ Inflation Hedge: Gold helps protect wealth against inflation.
✅ Long-Term Investment: Historically, gold prices have always risen over time.

Why Investing in Silver is Beneficial

✅ Industrial Demand: Silver is used in electronics, solar panels, and medical equipment.
✅ Affordable Investment: Silver is cheaper than gold, making it accessible for small investors.
✅ Hedge Against Inflation: Like gold, silver is a good investment in uncertain economic conditions.

Gold and silver prices have shown fluctuations in the past week due to economic factors. If you are planning to buy gold or silver, it is important to track the latest rates and market trends.

Stay updated with the latest gold and silver price changes to make informed investment decisions!