Gold Rate in India Takes Another Hit, March 25; 24K, 22K, 18K See Fresh Drop; Is Now The Right Time To Invest?

Gold prices in India extended decline for the fourth consecutive session on March 25 with major corrections. Gold rates in India have dipped by 1.5% after hitting record-high levels. However, analysts anticipate this pullback to be short-lived, with gold prices expected to rebound soon. The upcoming trade tariff implementation next week is likely to drive safe-haven demand amid economic uncertainty.

Gold prices so far this year have witnessed a strong rally, surging 15% and surpassing USD 3,000 per ounce for the first time in the international market.

Gold Rate in India Today

As of today, March 25, the standard gold of 22 carat gold rates in India fell Rs. 330 to cost Rs. 81,850. While the pure gold, i.e., 24-carat gold prices slipped by Rs. 300 per 10 grams to cost Rs. 89,290. Similarly, the 18-carat gold rates also dropped by Rs. 250 to retail at Rs. 66,990.

In a similar light, the higher quantities of gold, the 100 grams of 24-carat gold rates, now retail at Rs. 892,900 after dipping Rs. 3,300. while the 22-carat gold art is priced at Rs. 818,500 after dipping Rs. 3000.

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Silver prices in India today

Silver rates in India remained unchanged today for the third consecutive day after two. On 25th March, 1 kg of silver cost Rs. 101,000, and 100 grams of silver cost Rs. 10,100.

Gold prices in Chennai, Bengaluru, and Hyderabad

Gold prices dropped across the country today. Below are the gold rates in the major cities of India:

10 grams of 24-carat gold prices in Chennai stand at Rs. 89,290 per 10 grams, while the 22-carat gold prices in Chennai cost Rs. 81,850 per 10 grams.

Likewise, gold rates in Bangalore for 22 carats are now at Rs. 81,850 per 10 grams, while the 24-carat gold price in Bangalore is now at Rs. 89,290 per 10 grams of yellow metal.

Gold prices in Hyderabad are also mirroring the gold rates in India today, where the price of 22-carat gold retails at Rs. 81,850 per 10 grams. A 24-carat gold retails at Rs. 89,290 per 10 grams.

MCX Gold and Silver Futures Prices Today

Gold futures prices on the MCX set to mature on April 4, 2025, are trading at Rs. 87,495, which jumped by 0.25% at the time of writing. Similarly, silver futures prices set to mature on May 5, 2025, traded higher at 97,922, after rising by 0.44% at the time of writing.

"MCX Gold April is expected to dip towards the ₹87,000 level as long as it stays below the ₹87,900 level. A break below the ₹87,000 level prices may correct further towards the ₹86,700/ ₹86,500 level. While MCX Silver May is expected to slip further towards the ₹96,000 level as long as it trades below the ₹99,000 level." as per the ICICI Direct Research report.

Spot Gold Price and Spot Silver Rate

Reuters, in its latest report, stated, "Spot gold was up 0.1% at $3,015.42 an ounce, as of 0425 GMT. U.S. gold futures firmed 0.1% to $3,019.40. Spot silver rose 0.3% to $33.1 an ounce."

"Spot gold is likely to correct back towards the $3000 level as long as it stays below the $3035 level. Only break below $3000 level prices may slip further towards $2980/$2960 levels." as per the ICICI Direct Research report.

Gold price Outlook In Near Term

As per the commodity report from the India Bullion and Jewellers Association Ltd., "Gold declined on Monday with bond yields pushing higher amid signs that the next round of US President Donald Trump's tariffs will be more measured than previously suggested. Trump's coming wave of tariffs is poised to be more targeted than the barrage he's occasionally threatened, aides and allies say. The US leader also said that he may give a lot of countries breaks on levies. That offered some relief to financial markets and reduced appetite for haven assets such as US Treasuries and bullion. The market remains wary about the fallout from tariffs, however, as well as Trump's upending of the geopolitical order. Gold has benefited, rallying 15% so far this year and rising above $3,000 an ounce for the first time, as investors flocked to the safe safehaven asset. Strong central-bank buying and expectations for rate cuts have also aided the precious metal."

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.