Gold Price in India Today: Gold, Silver Rates Drop (Mar 3) :

Gold and silver prices declined on Monday morning, March 3, 2025, across major Indian cities. The gold rate dropped to ₹79,390 per 10 grams (22-carat) and ₹86,610 per 10 grams (24-carat) in Mumbai. Meanwhile, silver prices also fell by ₹100 per kg, adding to market fluctuations.

Gold, especially 24-carat, remains a preferred choice for investors due to its purity and high value. On the other hand, 22-carat gold, known for its durability, continues to be popular among jewelry buyers.

Gold Prices in Major Indian Cities (March 3, 2025)

Here’s a breakdown of gold rates in key cities:

City	22K Gold (per 10gm)	24K Gold (per 10gm)
Delhi	₹79,550	₹86,770
Jaipur	₹79,550	₹86,770
Ahmedabad	₹79,450	₹86,670
Patna	₹79,450	₹86,670
Mumbai	₹79,390	₹86,610
Hyderabad	₹79,390	₹86,610
Chennai	₹79,390	₹86,610
Bengaluru	₹79,390	₹86,610
Kolkata	₹79,390	₹86,610

Gold prices vary slightly between cities due to transportation costs, local taxes, and demand-supply factors.

Silver Price Today in India (March 3, 2025)

Silver prices also witnessed a decline:

Silver Price Today: ₹96,900 per kg (₹100 drop)

What Factors Affect Gold Prices in India?

Several factors influence daily gold rates in India, including:

Global Market Trends: International gold prices fluctuate based on economic conditions, inflation, and geopolitical events.
Import Duties & Taxes: India imports most of its gold, so government policies and tariffs impact prices.
Currency Exchange Rates: A weaker Indian rupee makes gold more expensive since it is traded in US dollars globally.
Demand & Supply: Festive and wedding seasons increase demand, affecting prices.
Interest Rates & Inflation: Higher inflation and lower interest rates push more investors toward gold, increasing prices.

Why Gold is Important in India?

Gold is not just an investment in India—it holds deep cultural and financial significance. It is widely purchased during:

Weddings – A symbol of prosperity and tradition.
Festivals – Especially during Diwali and Akshaya Tritiya.
Investment – Seen as a safe asset during economic uncertainty.

With constant price fluctuations, traders and investors closely track gold rates to make informed buying and selling decisions.

Stay Updated on Gold & Silver Prices

As gold and silver prices fluctuate daily, staying informed is essential for:
Investors looking for the right time to buy/sell.
Jewelry buyers planning festive or wedding purchases.
Traders & retailers navigating market trends.