Gold Rate In India Dips Big, March 6th! Check 24K, 22K, 18K Gold Prices Today; Silver Jumps Rs.1000

After two consecutive days of gains, gold prices in India declined today, providing some relief to buyers. Recent fluctuations in gold rates were influenced by former US President Donald Trump's tariff imposition, which triggered fears of a trade war.
Currently, investors are closely watching the upcoming US employment data set to be released this week, as it will offer key insights into the Federal Reserve's interest rate path. Meanwhile, the US Dollar Index has dropped 1.39% to a three-month low, which could provide upward momentum for gold prices.

On 6th March 2025, 22-carat gold rates in India slipped by Rs 450 per 10 grams to cost Rs. 80,200, while the 24-carat gold rates declined by Rs. 490 to retail at Rs. 87,490 per 10 grams. Similarly, the 18-carat gold rates dropped by Rs. 370 per 10 grams to cost Rs. 65,620.

For heavy weight quantities, 100 grams of 24-carat gold rates are now priced at Rs. 8,74,900 after witnessing the decline of Rs. 4,900, while the 22-carat gold fell by Rs. 4,500 to cost Rs. 8,02,000. Just like that, 18-carat gold rates in India also experienced this fall, which made the yellow metal dip to Rs. 3,700 per 100 grams to retail at Rs. 6,56,200.

Silver rates in India today

Silver prices in India on 6th March rose for the second time this week. Silver rates in India per kilogram are up By Rs. 1000, it costs Rs.99,000 per kg. The price of 100 grams of silver was Rs. 9,900 after a jump of Rs. 100.

Gold Prices in Major Cities in India

Most of the Indian cities are experiencing a similar price drop. Here are gold prices in some of the major cities:

Cities	24 carat	22 carat
Delhi	₹ 87,640	₹ 80,350
Mumbai	₹ 87,490	₹ 80,200
Chennai	₹ 87,490	₹ 80,200
Bangalore	₹ 87,490	₹ 80,200

MCX Gold and Silver Futures Prices

Gold prices on the MCX (Multi Commodity Exchange) today extended gains. Gold futures due to mature on April 4, 2025, rose by 0.22% to Rs.86,022. Silver futures, with an expiration date of March 5, 2025, also saw a rise this morning, trading 0.39% higher than the previous close at Rs. 97,925.

"MCX Gold April is expected to rise towards the Rs.86,400 level as long as it stays above the Rs.85,300 level. MCX Silver May is expected to rise further towards the Rs.98,200 level as long as it stays above the Rs.96,500 level."

Market Experts on Gold Prices in India Outlook

According to the ICICI Direct Research Report, "Gold is expected to continue with its upward trend and rally further towards the $2935 level on weakness in the dollar and safe haven buying. The dollar is showing weakness as a recent batch of economic data from the US signaled a slowdown in economic growth and a trade war with major trading partners will have adverse effects on the economy, prompting the US Federal Reserve to lower interest rates. The market expects more rate cuts this year than previously thought due to signs of a slowing economy. Traders are pricing in 69 bps of cuts by the Fed this year. Moreover, investors will keep a close eye on a slew of economic data from the US and ECB monetary policy, where the central bank is likely to cut interest rates. Spot gold is likely to hold the support near the $2890 level and rise towards the $2935 level."