Gold and Silver Prices Drop in Indian Bullion Market Amid Weak Trend
New Delhi, March 12 – The Indian bullion market witnessed a decline in gold and silver prices on Wednesday, with gold prices falling by ₹320 to ₹350 per 10 grams and silver prices dropping by ₹1,000 per kilogram. The downtrend in the bullion market has led to reduced gold rates across major cities, making it an attractive time for buyers.
At present, 24-carat gold is trading in the range of ₹87,480 to ₹87,630 per 10 grams, while 22-carat gold is priced between ₹80,190 and ₹80,340 per 10 grams. Meanwhile, silver is trading at ₹97,900 per kilogram in the Delhi bullion market.
📉 Gold & Silver Prices Across Major Indian Cities
The declining trend in gold prices is reflected across key metropolitan markets. Here’s a look at the latest gold rates in major cities:
🟡 24-Carat Gold Price (Per 10 Grams)
✔ Delhi: ₹87,630
✔ Mumbai: ₹87,480
✔ Ahmedabad: ₹87,530
✔ Chennai: ₹87,480
✔ Kolkata: ₹87,480
✔ Lucknow: ₹87,630
✔ Patna: ₹87,530
✔ Jaipur: ₹87,630
✔ Bengaluru: ₹87,480
✔ Hyderabad: ₹87,480
✔ Bhubaneswar: ₹87,480
🟡 22-Carat Gold Price (Per 10 Grams)
✔ Delhi: ₹80,340
✔ Mumbai: ₹80,190
✔ Ahmedabad: ₹80,240
✔ Chennai: ₹80,190
✔ Kolkata: ₹80,190
✔ Lucknow: ₹80,340
✔ Patna: ₹80,240
✔ Jaipur: ₹80,340
✔ Bengaluru: ₹80,190
✔ Hyderabad: ₹80,190
✔ Bhubaneswar: ₹80,190
⚪ Silver Price (Per Kilogram)
✔ Delhi: ₹97,900
📊 Why Are Gold & Silver Prices Falling?
The decline in gold and silver prices is attributed to:
✔ Weak global cues leading to a price correction in the bullion market.
✔ Fluctuations in the international market, affecting domestic gold rates.
✔ Investor profit-booking, resulting in a temporary drop in prices.
✔ Strengthening of the US dollar, reducing gold’s appeal as a safe-haven asset.
Gold prices often fluctuate based on global economic conditions, inflation trends, and central bank policies. Despite this temporary fall, gold remains a long-term investment option for those seeking stability.
📅 What to Expect in the Coming Days?
🔹 Gold prices may remain volatile in the short term, influenced by international market trends.
🔹 Silver prices could stabilize, depending on industrial demand and global market performance.
🔹 Experts suggest this price dip could be an opportunity for investors looking to buy gold at lower rates.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.