Gold and silver prices saw slight adjustments on Tuesday morning, March 18, 2025, following their record levels amid global economic uncertainties caused by tariff wars and other geopolitical factors. While gold prices eased slightly, they remained at elevated levels, reflecting continued investor interest in the precious metal as a hedge against market volatility.

• 22-carat gold was priced at Rs 82,090 per 10 grams, while 24-carat gold stood at Rs 89,550 per 10 grams.
• Silver, which has also been impacted by the same global factors, slightly fell by Rs 100, now priced at Rs 1,02,800 per kilogram.

Gold: The Metal of Unmatched Purity and Investment

Gold continues to be in high demand for both its investment value and its use in jewellery. 24-carat gold, known for its unmatched purity, remains a preferred choice among buyers looking for the highest quality. This premium gold is typically used for making ornaments and investment purposes, especially for those seeking long-term security and value retention.

On the other hand, 22-carat gold is favored for its durability and versatility. It strikes a balance between quality and practicality, making it popular among jewellery buyers. It’s slightly less pure than 24-carat gold but offers greater strength, making it ideal for crafting intricate pieces that are worn daily.

Gold Prices Across Key Cities in India (March 18, 2025)

Gold prices in India vary slightly from city to city due to factors such as local taxes, import duties, and transportation costs. Here’s a look at the current gold prices in major Indian cities for 22-carat and 24-carat gold:

These prices reflect the trends observed in the local market, where gold rates are adjusted daily based on domestic and international market conditions.

Silver Price Today in India (March 18, 2025)

Silver, like gold, is also closely watched by investors for its potential as a safe haven asset. As of today, silver prices are stable, trading at Rs 1,02,800 per kilogram across major Indian cities. Despite a small dip in prices, silver continues to attract attention due to its affordability compared to gold, as well as its growing demand in industrial applications and investment portfolios.

What Factors Affect Gold Prices in India?

Several factors influence the pricing of gold in India, making it a dynamic market. Understanding these factors is essential for investors and traders who want to navigate the fluctuating market trends effectively.

International Market Rates: Global gold prices directly impact Indian gold rates. If gold prices rise in international markets, they typically drive up prices in India, and vice versa. International geopolitical tensions, economic policies, and inflation rates play a significant role in shaping gold’s global price.

Import Duties and Taxes: India is one of the largest consumers of gold globally, but it imports almost all of its gold. The Indian government imposes import duties on gold, which can impact the final price that consumers pay. Changes in these duties or taxes can lead to price fluctuations.

Currency Exchange Rates: Gold prices in India are typically quoted in Indian Rupees, but they are also influenced by fluctuations in the exchange rate of the Rupee against the US Dollar. A weaker Rupee tends to increase the cost of imported gold, which can raise prices.

Demand and Supply: Like any other commodity, gold prices are also determined by demand and supply. India’s high demand for gold, particularly during wedding seasons and festivals like Diwali, often leads to price increases. Conversely, reduced demand or an oversupply can push prices lower.

Domestic Economic Conditions: The state of the Indian economy, inflation rates, and GDP growth also play a role in shaping investor sentiment. In times of economic uncertainty or inflation, investors tend to flock to gold, driving prices higher.

Geopolitical Events: Gold is often seen as a safe-haven asset during times of geopolitical uncertainty, such as wars, political instability, or trade wars. Events that escalate fears of economic downturns or crises, like the ongoing tariff wars, can push gold prices upwards.

Navigating the Dynamic Gold Market

The gold market in India remains sensitive to various external and internal factors. With prices currently near record levels, it’s essential for investors and traders to stay updated on both global and domestic developments that could affect gold prices. Whether you're investing in gold for its value as a commodity or for its cultural significance during festive seasons and weddings, understanding these key factors will help you make informed decisions in a constantly changing market.

For those looking to invest in gold, it’s important to consider the long-term trends, and staying updated on market conditions can provide valuable insights for making the best choices.