Gold Price in India Today: Yellow Metal Rises Over ₹700 Amid Volatility – Check City-wise Rates for March 4
Gold prices in India saw a sharp rise on Tuesday, March 4, 2025, as global uncertainties drove investors towards safe-haven assets. The yellow metal jumped over ₹700, with 22-carat gold trading at ₹80,100 per 10 grams and 24-carat gold at ₹87,380 per 10 grams in Mumbai.
Silver prices also surged by ₹1,000, reflecting the impact of market jitters following fresh trade tensions.
Why Are Gold Prices Rising?
Renewed tariff threats by US President Donald Trump against Mexico and Canada have rattled global equity markets. Investors, seeking stability, turned to gold, pushing its price higher.
Major stock indices saw a sharp dip, with the Nifty 50 opening 172 points lower at 21,974.45 - the first drop below the 22,000 mark since July 2024.
The Sensex also opened in the red at 72,817, down over 150 points from the previous close.
Gold and Silver Prices on MCX
On the Multi Commodity Exchange (MCX), gold was trading slightly higher at ₹85,511 per 10 grams. However, silver saw a minor dip of 0.6% to trade at ₹95,998 per kg.
City-Wise Gold Rates (March 4, 2025)
Gold prices fluctuate across cities based on demand, local taxes, and transportation costs. Here’s a quick look at the rates in key Indian cities:
| CITY | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
| Delhi | Rs 80,250 | Rs 87,530 |
| Jaipur | Rs 80,250 | Rs 87,530 |
| Ahmedabad | Rs 80,150 | Rs 87,430 |
| Patna | Rs 80,150 | Rs 87,430 |
| Mumbai | Rs 80,100 | Rs 87,380 |
| Hyderabad | Rs 80,100 | Rs 87,380 |
| Chennai | Rs 80,100 | Rs 87,380 |
| Bengaluru | Rs 80,100 | Rs 87,380 |
| Kolkata | Rs 80,100 | Rs 87,380 |
Silver Prices Surge Across India
Silver saw a significant jump in spot markets, trading at ₹98,100 per kg across major Indian cities. The demand for silver remains strong, driven by both industrial and investment interest.
What Influences Gold Prices in India?
Several factors impact daily gold rates, including:
- Global market trends – Prices are influenced by international demand and geopolitical factors.
- Import duties and taxes – India imports a significant portion of its gold, making duties and tariffs key price determinants.
- Currency exchange rates – Fluctuations in the rupee against the US dollar impact gold prices.
Gold remains a preferred investment in India, deeply rooted in cultural traditions, festivals, and weddings. With ongoing market volatility, investors are closely watching price movements to make informed decisions.