
Gold prices in India have witnessed a slight decline, with both 22-karat and 24-karat gold seeing a drop in value. As of March 11, the price of 22-karat gold was recorded at ₹80,200 per 10 grams, down by ₹300, while 24-karat gold fell by ₹330 to ₹87,490 per 10 grams.
For those buying in smaller quantities, the per gram rates were as follows:
- 24-karat gold: ₹8,749
- 22-karat gold: ₹8,020
- 18-karat gold: ₹6,562 (down by ₹25)
Why Are Gold Prices Falling?
Gold prices are highly volatile and are influenced by several factors, including:
Global demand and supply trends
Interest rate changes (especially by central banks like the US Federal Reserve)
Fluctuations in the Indian Rupee against the US Dollar
Government policies on gold import duties and taxation
Major international events and economic uncertainties
Gold Prices in Major Indian Cities (Per Gram) – March 11
City | 22-Karat Gold | 24-Karat Gold |
---|---|---|
Delhi | ₹8,035 | ₹8,764 |
Noida | ₹8,035 | ₹8,764 |
Chennai | ₹8,020 | ₹8,749 |
Bangalore | ₹8,020 | ₹8,749 |
Mumbai | ₹8,020 | ₹8,749 |
Hyderabad | ₹8,020 | ₹8,749 |
Kolkata | ₹8,020 | ₹8,749 |
Ahmedabad | ₹8,025 | ₹8,754 |
Patna | ₹8,025 | ₹8,754 |
What Should Gold Buyers Do?
For investors: If you’re considering investing, a small dip in prices might be a good opportunity to buy.
For jewelry buyers: If you’re planning a big purchase, keeping an eye on further price changes might help you get the best deal.
Since gold prices fluctuate daily, it’s advisable to check real-time rates before making any transactions.