Gold, silver prices today in India: Check rates
Gold and silver prices have been on a rollercoaster this March, thanks to the ongoing U.S.-Iran conflict and a jittery US dollar.
As of early March, 24-karat gold was trading around ₹1.63 lakh per 10gm, while silver was trading around ₹2.8-2.95 lakh per kilogram in major cities like Delhi and Chennai.
Gold, silver futures' prices in early March
If you're tracking investments or just curious about market moves, these sharp swings are hard to miss.
In early March, MCX gold futures jumped to about ₹1.63 lakh intraday before retreating to around ₹1.60 lakh.
Around early March, silver saw even wilder action, falling by about ₹10,000 within hours before partially recovering, showing just how quickly things can change when global events heat up.
Factors affecting gold, silver prices
Rising Middle East tensions sent global gold soaring past $5,100 an ounce earlier this month and pushed up silver locally too.
But after the initial rush, some investors cashed out for quick profits.
Looking ahead, HSBC expects silver prices to cool off over the next few years as more mining and recycling help balance supply with demand.