Gold Rate Today – Latest Prices for 14, 18, 22 & 24 Carat Gold per 10 Grams (March 7, 2025)

Gold prices continue to fluctuate daily in the Indian market, reflecting global trends and local demand factors. As of today, Friday, March 7, 2025, gold prices have shown a slight upward trend in the bullion market after witnessing a dip in the week leading up to Holi. Investors and consumers alike closely watch these daily changes to make informed purchasing decisions.

Here’s a detailed update on the latest gold rates across various purity levels and the current silver rates in India.

Today’s Gold Rates in Major Indian Cities

Today, gold prices edged upwards, with 24-carat gold of 999 purity currently trading at around ₹86,059 per 10 grams. The rates for other popular purity levels are as follows:

• 24 Carat (999 purity): ₹86,059 per 10 grams
• 23 Carat (995 purity): ₹85,714 per 10 grams
• 22 Carat (916 purity): ₹78,830 per 10 grams
• 18 Carat (750 purity): ₹64,544 per 10 grams
• 14 Carat (585 purity): ₹50,345 per 10 grams

These prices have been sourced from the official website of the Indian Bullion Jewelers Association (IBJA) and exclude additional charges such as GST, making charges, and other applicable taxes.

Silver Prices Today

Alongside gold, silver also experienced price fluctuations. Currently, silver of 999 purity is priced at ₹96,724 per kilogram in the national bullion market. Like gold, the listed price of silver does not include taxes or making charges, which buyers must pay separately.

Understanding Gold Purity – What Does Hallmarking Mean?

When investing in gold or buying jewellery, it’s crucial to understand the hallmarking system, which indicates purity and authenticity. Hallmarking is certified by the Bureau of Indian Standards (BIS), providing clear markers on jewellery:

• 999 purity indicates 24-carat gold (purest form).
• 958 purity marks 23-carat gold.
• 916 purity corresponds to 22-carat gold, widely used in jewellery making.
• 875 purity represents 21-carat gold.
• 750 purity is indicative of 18-carat gold.

Most Indian consumers prefer 22-carat gold jewellery due to its durability, affordability, and balanced purity, while 18-carat gold is increasingly popular for designs requiring strength and versatility.

Factors Influencing Gold Prices

Gold prices in India are influenced by several global and domestic factors, including:

• International market demand and global economic conditions
• Currency fluctuations, especially INR/USD exchange rates
• Geopolitical tensions affecting safe-haven investments
• Seasonal and festive demand, particularly during events like weddings, Diwali, and Akshaya Tritiya.
• Inflation and interest rates, which influence gold’s attractiveness as an investment.

Given these dynamic factors, it is recommended that buyers track gold rates regularly for strategic purchasing or investment decisions.

Check Gold Prices from Your Home – Missed Call Service

For those who prefer real-time updates without visiting a jewellery store or market, IBJA offers a convenient missed call service. Simply make a missed call to 8955664433, and you’ll receive instant updates on the latest gold and silver prices. Remember, this service provides base rates only, and does not include additional charges like making fees or taxes.

Buying Gold Jewellery: Taxes and Making Charges Explained

When buying gold jewellery, the actual cost you pay exceeds the base gold rate published daily. Prices announced by IBJA are exclusive of the following charges:

• Goods and Services Tax (GST): A standard tax rate of 3% is applied to gold jewellery.
• Making Charges: Jewellers levy charges for craftsmanship and intricate design work, typically ranging from 8% to 25% or even higher, depending on design complexity.

Thus, buyers should factor in these additional expenses while budgeting for gold purchases.