Gold Rate In India Hits Historic Rs. 90,000 Mark For 24-Carat; Silver Rises Rs. 1100; Will the Rally Continue?

In a historic milestone, gold prices in India today surged to a record high amid a strong rally in the bullion market. The 24-carat gold rate in India has now touched the Rs.90,000 mark due to the bullish trend. One of the major causes behind this surge is the ongoing U.S. trade war, which continues to support gold prices. Additionally, spot gold crossed the USD 3,000 per ounce mark for the first time on Friday, maintaining its upward momentum despite a recovery in the U.S. dollar index, which currently stands at 103 after a 0.15% increase. Investors are now closely watching the upcoming Federal Reserve meeting outcomes tomorrow which will provide deeper insights into the potential impact of the Trump administration's policies on global markets.

Gold Rate in India Today

As of March 18, 2025, the 22-carat gold price in India has risen sharply by Rs. 400 to cost Rs. 82,500. While the 24-carat gold rate spiked by Rs. 440 per 10 grams to retail at Rs. 90,000. In a similar line, the lower-value variant of gold, 18-carat gold rates in India, jumped by Rs. 320 to cost Rs. 67,500.

Just like that, the bulkier quantity of gold, 100 g of 24-carat gold, is priced at Rs. 900,000, rising by Rs. 4,400, and the 22-carat gold per 100 grams now retails at Rs. 8,25,000 after jumping Rs. 4,000. Similarly, 100 grams of 18-carat gold costs Rs. 6,75,000, which spiked Rs. 3,200.

Silver prices in India today

Silver rates in India today Surged massively after a decline seen yesterday. On March 18, 1 kg of silver cost Rs. 104,000 after jumping Rs. 1,100 per kg, and 100 grams of silver cost Rs. 10,400, which spiked by Rs. 110 per 100 grams.

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Gold prices in Chennai, Bengaluru, and Hyderabad

A sharp surge in gold prices across major cities in India has been reported. Below are the gold rates in the major cities of India:

Chennai Gold rate: 10 grams of 24-carat gold rates in Chennai today retail at Rs. 90,000, while the 22-carat gold prices in Chennai cost Rs. 82,500 per 10 grams.

Bangalore Gold Rates: Similarly, the gold rates in Bangalore for 22 carats are now at Rs. 82,500 per 10 grams, while the 24-carat gold price in Bangalore surged to Rs. 90,000 per 10 grams.

Gold Futures Prices On the Multi Commodity Exchange

Gold prices on the MCX (Multi Commodity Exchange) dipped sharply. Currently, gold futures prices due to mature on April 4, 2025, stand at Rs. 88,397 with a drop of 0.42%.

Silver Futures Price On the Multi Commodity Exchange

Silver futures, which are set to mature on May 5, 2025, rose this morning, trading 0.45% higher at Rs. 1,00,984

Spot Gold Price and Silver Price Update

Spot gold prices surged past the USD 3,000 per ounce milestone once again, reaching a new record high of USD 3,014.83 per ounce before settling 0.4% higher at $3,012.74 as of 04:20 GMT, according to Reuters. U.S. gold futures also advanced 0.5% to $3,021.70. Meanwhile, spot silver edged up 0.2% to $33.90 per ounce.

Gold Price Outlook Ahead This Week

"Spot gold prices ended on a positive note, gaining more than 0.5%, while silver prices declined by 0.04% yesterday. Spot gold prices hover near an all-time high of $3000 level on weakness in the dollar. Further, weaker-than-expected economic data from the US and escalating geopolitical tension in the oil-rich Middle East after US strikes against Yemen's Houthi supported gold prices. Moreover, investors remained cautious ahead of talks between US President Donald Trump and Russian President Vladimir Putin aimed at ending the Ukraine war, as per the Daily Commodity Outlook. By ICICI research.