Gold is shining on top of everything as it has reached an all-time high, and as of Thursday, March 20, 24-carat gold has gone up to Rs 90,600 per 10 grams, with yet another record. The change defines the 24-carat gold price increase of Rs 100 per day because of its increasing demand and value.
Presently, 24-carat gold is trading above Rs 90,500 in major cities of the country, while 22-carat gold is above Rs 82,900. Of course, gold is not the only star in this amazing show, which features silver as another high performer. The price of silver on March 20 touched Rs 1,05,100 per kilogram, up by Rs 100 from the last day’s rate of Rs 1,05,000.
Gold Rates in Major Cities
Here’s a quick look at the gold rates in key Indian cities as of March 20, 2025:
| City | 22-Carat Gold (per 10 grams) | 24-Carat Gold (per 10 grams) |
|---|---|---|
| Delhi | Rs 83,060 | Rs 90,600 |
| Mumbai | Rs 82,910 | Rs 90,450 |
| Chennai | Rs 82,910 | Rs 90,450 |
| Kolkata | Rs 82,910 | Rs 90,450 |
For Why Gold Prices Are Increasing
Several factors lead to the increase in gold prices.
- Global Economic Uncertainty: Gangsters in periods of economic instability look for wealth and therefore retreat towards gold.
- US Federal Reserve Policies: The whispers over the cut in Federal Reserve interest rates usually align with people flocking to hold more gold.
- Declining Dollar: Obviously, a decline in the value of the US dollar raises gold prices.
Inflation and Geopolitical Tensions—When inflation goes up or there are geopolitical tensions, people tend to gravitate toward gold as an investment. - Festivals and Weddings – Gold sells well during the holiday season, as in most Indian households, where such purchases usually go together.
- Constrain the Supply: You could argue about price hikes based on limited supply combined with buying momentum pushed by major banks.
How Gold Prices are Set in India:
Various factors govern the gold rate in India.
- International Market Trends: The price of gold internationally will affect the price that would finally be paid for gold in India.
- Government Taxes and Duties: The consumer finally pays an add-on amount at least because of taxes and duties whose part is mainly import duty, as GST takes care of customs clearing.
Rupee-Dollar Exchange Rate: The rupee value fluctuates against the dollar, affecting gold prices directly.
Gold is not only a financial asset for Indian people, but it also holds a significant place in our culture and traditions. It is one of the things at the most important occasions of life like weddings and in most festivals. The dual nature of investment plus visible evidence of prosperity keeps its demand always evergreen.